Ohio's Clear Fork Resort Up For Sheriff's Sale after Foreclosure

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Ohio's Clear Fork Resort Up For Sheriff's Sale after Foreclosure

SAM Magazine – Butler, Ohio, May 18, 2015 – Clear Fork Resort will go on the market via a sheriff’s sale in early June after a judge ordered foreclosure on the property to recover nearly $2.5 million in loan debt.

On Feb. 13, Richland County Common Pleas Judge James DeWeese signed a foreclosure paving the way for five land parcels at 341 Resort Drive to be sold, after finding that the current owner, Slater Run Land Development LLC, of Columbus, failed to pay installments due on the loan.

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Clear Fork, located in North Central Ohio near the Mohican State Forest, first opened in 1964. In 2006, the property was put up for sale for $2.25 million. Slater purchased the 60 skiable acre resort in 2013, and Cache Private Capital Diversified Fund LLC, of Utah helped finance the deal. In his decision, Judge DeWeese ruled that Cache was owed $2.5 million plus interest at the rate of 18 percent annually from Jan. 26, 2014.

Clear Fork ended its 2014-15 season on March 15 with a St. Patrick’s Day big air competition.

“We would like to thank everyone for the support and patronage over the last four and a half years, and we express best wishes to everyone!” read a message posted to the resort website.