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Maclay loses Bitterroot Resort property to Met Life

March 12, 2013 /

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The family ranch south of Lolo that Tom Maclay envisioned as the base of a year-round resort now belongs to the agricultural investments branch of an international trade financing company in Kansas.

Missoula County Sheriff Carl Ibsen signed a sheriff’s deed over to the Met Life Agricultural Investments assets holding company on Feb. 27.

That was five days after the one-year deadline Maclay had for redeeming his loan from Met Life. The 3,000-acre ranch and home were sold at a sheriff’s auction to Met Life on Feb. 22, 2012.

Met Life foreclosed on Maclay’s project in 2009.

Bitterroot Resort http://www.bitterrootresort.us/

By: Kim Briggeman

Full Story: http://www.ravallirepublic.com/news/local/article_ce615a8c-bfd2-5ae7-9032-541aad971cce.html

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