Saratoga mill property may be occupied by more than deer, as the real estate goes up for auction Feb. 17

The office of Brown & Hiser, LLC, submitted a legal notice of foreclosure sale on the Saratoga Saw Mill site last week in the Saratoga Sun.

Gary L. Ervin and Cheryl L. Ervin are listed as  the assignee’s and have assigned the mortgage to Saratoga Investments, LLC.

Kermit Brown, with Brown & Hiser, LLC, said he cannot go into details about Saratoga Investments, LLC, due to client/attorney privilege.

The notice states “default in the payment of principal and interest has occured under the terms of a promissory note ... executed and delivered by Intermountain Forest Products, LLC (“Mortgagor”) to McDougal Bros. Investments (“Mortgagee”) its successors and assigns ...”

Cindy Wallace, executive director with the Carbon County Economic Development Corporation, said this is a good thing. “It is taking it out of receivership so someone can now buy the mill.”
Wallace has been working with at least three different parties interested in the mill but due to client confidentiality cannot reveal identify the parties.

According to the Wyoming Secretary of State website, Saratoga Investments, LLC, was formed in Wyoming. The principal office is in Prineville, Ore., and the initial filing was Nov. 23, 2011.

Gary L. Ervin is listed as the organizer under “parties” on the website and Lisa Butler, of Laramie, is listed as the registered agent.

The sale will take place at the south door of the Carbon County Courthouse, 415 W. Pine, at 10 a.m., Feb. 17, 2012.

Brown confirmed the real estate is for sale, not the equipment.