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Developers say this is the first majotr development in Brentwood to go into foreclosure during the current and the property owners had been trying to sell the Developer boughtthe 157-acre property in Augus t 2005 for $9.4 million. James who is listed as the developer of Whetstone who took out the did not immediately returncalld Monday. Homes in Whetstone, which is located off Edmondsohn Pikein Brentwood, starty at $900,000. The 141-lot development was appointecd to a successor trusteein June, according to Williamsoj County records.
The development was sold on the Williamson Countu courthouse steps on Thursday tofor $7 million, says Tony a real estate agent and builde who is selling a home in Whetstone and attended the courthouswe sale Thursday. The Whetstone foreclosure has not yet been recordefd incounty records. Fifth Thirdx was the property’s lender, making at least two loanw to Sedonafor $6.1 million and $4.5 according to Williamson County records. Four homes have been built in One of themis occupied, and the remainingv three are for sale, Marble says.
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