12/28/2010 * Daily Progress [full story]
Five lots of the 24-lot Albemarle County residential development Vineyard Estates near the Kluge Vineyard and Winery are in foreclosure and scheduled for a Jan. 11 auction on the county courthouse steps.
Sonabank of Virginia holds an $8.2 million lien on the five lots, about 120 acres of the development’s 500-plus acres. The five lots have an assessed value of $6.85 million, according to county tax records.
Vineyard Estates is a limited liability corporation created by Patricia Kluge and William Moses, the owners of the recently foreclosed Kluge Estate Winery and Vineyards. Kluge and Moses, who are married, joined with First Colony Resorts of North Carolina to market the residential property when First Colony went bankrupt in September 2009.

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