From the Xpress Files: Read Richmond Hill court, foreclosure, fire inspection documents

Fire destroyed the Richmond Hill Inn’s historic mansion early Thursday. The fire, which investigators now believe was intentionally set, brought to light foreclosure proceedings and a legal battle involving the past and current owners of the property.

William Gray bought the property in 2005 for $10.4 million from owners Albert and Marge Michel of Greensboro. The Michels bought the property in the mid 1980s from the Preservation Society of Asheville and brought the property back to life. Over the years the original structure, built in 1889 as a private home for ambassador and congressman Richmond Pearson, had fallen into disrepair.

But Gray fell behind on an owner-financed $8.8 million deed of trust with the Michels, who initiated foreclosure proceedings. A notice filed in Buncombe County District Court on Oct. 29, 2008, stated that Gray still owed $6.9 million.

Click here to go to the Xpress Files to read the foreclosure proceedings, as well as a civil lawsuit Gray filed alleging that the Michels failed to disclose significant plumbing problems at the inn prior to his purchase of the property in 2005. Also find tax documents showing that Gray owed $64,000 in back taxes on the property, as well as the last fire inspection report of the Richmond Hill Inn.


Before you comment

The comments section is here to provide a platform for civil dialogue on the issues we face together as a local community. Xpress is committed to offering this platform for all voices, but when the tone of the discussion gets nasty or strays off topic, we believe many people choose not to participate. Xpress editors are determined to moderate comments to ensure a constructive interchange is maintained. All comments judged not to be in keeping with the spirit of civil discourse will be removed and repeat violators will be banned. See here for our terms of service. Thank you for being part of this effort to promote respectful discussion.

One thought on “From the Xpress Files: Read Richmond Hill court, foreclosure, fire inspection documents

  1. Dawn Leonard

    I guess it is a good thing Dave is no longer working at the Richmond HIll.

Leave a Reply

To leave a reply you may Login with your Mountain Xpress account, connect socially or enter your name and e-mail. Your e-mail address will not be published. All fields are required.