Judge OKs Red Mountain foreclosure auction
More than $18M owned on loan; home appraised at nearly $36M
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More than $18M owned on loan; home appraised at nearly $36M
A wealthy Aspen investor has been sued by another bank that is asking a judge to let it claim his $39 million house as compensation.
Dan Burrell was sued by First Western Bank in November 2023 for failing to pay back $56 million in loans given to him between 2019 and 2022.
Colorado businessman Daniel Burrell has countersued First Western Bank arguing he should not have to pay back his $56 million loans because they knew he was using it on personal expenses.
The 190-acre property in Taos includes 15 structures, including main and guest houses and several barns