Boatworks financial status unclear

Boatworks financial status unclear

TAHOE CITY, Calif. – The Boatworks at Lake Tahoe’s financial status is unclear following the expiration of a 90-day no-sale period in foreclosure proceedings. On Jan. 28, lenders recorded a Notice of Default on a debt with a $14.39 million balance, triggering a 90-day period. Upon expiration of the period, trustees can then schedule a date to sell the property. The 90-day period expired on Tuesday, April 28. Since then, no notice of trustee’s sa…