It’s also not clear if this will affect the foreclosure sale, which is tentatively scheduled for later this month.
SNOWMASS VILLAGE REAL ESTATE — Purchasers of Viceroy Snowmass units will get their deposits back and be able to terminate purchase agreements because of a decision rendered Tuesday by Pitkin County District Court Judge Denise Kay Lynch.The judge’s ruling affects 65 buyers of condominium units ranging in size from studios to four bedrooms. Matt Ferguson of the Aspen firm Garfield & Hecht is the lead attorney representing the plaintiffs. Judge Lynch reversed her original decision as the plaintiffs’ attorneys maintained that the Interstate Land Sales Full Disclosure Act applied to this case.At issue was the discrepancy of square footage size of each buyer’s purchase agreement as compared to the actual, constructed square footage of the Viceroy units.
By Madeleine Osberger, March 2, 2011 Snowmass Sun