The foreclosed Indianapolis, Ind., property was purchased by an unidentified commercial real estate investor, who declined to discuss plans for the property, leaving many in the community concerned about the land’s future.

The Jackson, Miss., fixture is in foreclosure, citing the poor economy and increased competition in the area. May 10 will be the club’s final day of operation.

After closing its doors in February, the North Augusta, S.C., club will reopen April 22 with the help of a court-appointed receiver. Members of the property’s homeowners association are now hoping property values will increase, reversing mounting fears that values would drop as a result of the closure.

The Oklahoma City property was placed into court-appointed receivership in June after tandem foreclosure moves by First Liberty Bank of Oklahoma City, with an outstanding balance of $1.5 million, and Little Rock, Ark.-based Bank of the Ozarks, with an outstanding balance of more than $6.8 million. Owner Phil Herrington has controlled the 275-acre club for 10 years.

The public Walterboro, S.C., club confirmed through its Facebook page that owner Enterprise Bank of South Carolina will close the golf course due to “difficult economic conditions.” Paramount Golf Partners assumed operation of the course through a leasing agreement earlier this year in an effort to maximize revenues while the owner attempted to find a buyer. Paid members will receive a pro-rated refund of yearly dues.

Part of the restructuring includes a management agreement under which Columbia Hills personnel will continue to run the club.

Heathrow Country Club, Lake Mary, Fla., has bigger problems than one bank trying to foreclose on it. A second bank—its primary lender—also has filed a foreclosure suit, and is asking a judge to liquidate not just the golf course but all its holdings: golf carts, bar stools, everything, reports the Orlando Sentinel.   Combined, the…

Wells Fargo Bank filed a foreclosure lawsuit May 26 against the 18-hole Heron Bay Golf Club, Coral Springs, Fla., owners BH Partners I, along with managing members Stuart Kaufman, Alfred Denowitz and Jamie Kaufman, according to Broward County Circuit Court records.   According to the South Business Journal, the group bought the property in the…

  Almost a year after the Holland (Mich.) Country Club went into foreclosure, it will finally have a new owner, reports The Holland Sentinel. Ottawa County will turn much of the former Holland Country Club into a park and wetlands. The county board approved the $450,000 purchase earlier this month.   Holland Country Club was…

Operations at the Golf Club at Vistoso, Oro Valley, Ariz., have been handed over to a court-appointed receiver, California-based Touchstone Golf, L.L.C., reports The Explorer, a newspaper covering Marana, Oro Valley and Northwest Tucson. Pima County Superior Court Judge Virginia C. Kelly named Touchstone receiver after Vistoso failed to pay on an $8 million loan…

The Country Club of Lansing (Mich.) is in foreclosure. Patrick Reid, an attorney for the club’s Board, told WILX News 10 Lansing/Jackson that the club has lost about 20% of its members in the past few years. “Once you lose members, you lose revenue, but part of your expenses are fixed so you can’t just…