Mortgage And Real Estate News

Sunday, July 7, 2013

HOA ends dispute with Paradise Valley resort


The Mountain Shadows resort in Paradise Valley has inched yet closer to resurrection.

One of the two adjacent homeowners associations has come to a private agreement with the owners of the resort property, MTS Land LLC and MTS Golf LLC.

The Mountain Shadows West Board of Directors has approved an agreement involving resort amenities and land use.

Rick Carpinelli, senior vice president of acquisition and development with Crown Realty and Development, said the agreement ends confrontation from the HOA that has taken the shape of possible lawsuits and opposition in U.S. Bankruptcy Court.

Read more: HOA ends dispute with Paradise Valley resort

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