Colony hearing canceled

A foreclosure hearing pertaining to the Colony Beach & Tennis Resort has been canceled.

Longboat Key resident David Siegal, one of the partners of Colony Lender LLC, and his partner, Longboat Key businessman Randy Langley, are moving foreclosure proceedings forward on $11 million bank loans purchased from Bank of America in March 2009 from Dr. Murray “Murf” Klauber.

Siegal said he can’t allow any more time to go by without pursuing a foreclosure action on the bank loans his company owns.

A hearing scheduled for Monday, Jan. 24, in Sarasota County Clerk of the Court to calculate the exact amount due on the loans was canceled because of a scheduling conflict and must be rescheduled.

Once a judge sets the amount due on the loans at the future hearing, an online foreclosure sale will be set in Sarasota County.

Contact Kurt Schultheis at [email protected].