There are two pending foreclosure sales on Floyd Watkins’ 45-acre Beaver Run Ranch on upper Woody Creek Road, as Watkins is in default on two loans worth $3.4 million.Watkins owes Alpine Bank $1.93 million on a $2 million loan that was due Dec. 10, 2008, according to Pitkin County treasurer records. And Watkins owes the full amount on a $1.5 million loan from Rocky Mountain Equity Mortgage Co. that was due in September 2006. Beaver Run Ranch was apparently used as collateral against the loans.The foreclosure process now under way could lead to a sale of Beaver Run Ranch on the front steps of the county courthouse this summer. The first foreclosure sale, related to a $1.5 million loan, is set for July 1. The second sale, on the $2 million loan, is set for Aug. 5.
By Brent Gardner-Smith, April 28, 2009, Aspen Daily News