Real Estate for Sale in the Upper Valley – Prospect Hills
A client of mine called the other day with some interest in a to be built home listed at the Prospect Hills development in Lebanon. Having read in the Valley News about the difficulties the Moulton family had encountered with their bank, I called Melissa Robinson of Lang, McLaughry, Spera Real Estate who is marketing the project to see what the situation is today. Melissa lives in the original Prospect Hills neighborhood and is a strong advocate for the development. She was very open and informative, basically it boils down to the project is in bankruptcy and the judge handling the process understands that the best way to resolve the situation is to build and sell homes to generate funds for payment to creditors. A Buyer might perceive some risk in a circumstance such as this, but as with all risk, there is often opportunity as well. It will be interesting to see how things unfold at Prospect Hills over the next few years.
More later ……… Matt
