Undeveloped land among largest foreclosures and deeds in lieu of foreclosure in past year

Center Spread: See the PDF

Deeds of trust only reflect maximum borrowing limits. Actual loan amounts may be lower than the limit included in the deed of trust. Land transfers to lenders may not include all parcels in original deed of trust.

1. Eastport (six tracts undeveloped land)
   Maximum borrowing limit on deed of trust: $20 million
   Transaction date: May 7
   Former Holder: Grindstone Investments-Chad Sayre, Keith Neese, Brian Connell.
   Action: Premier Bank grants $20 million deed of trust, Aug. 30, 2005. Five of six lots from the original $20 million deed of trust deeded to Premier’s real estate holding company, PDIL, LLC in May 2008. Another lot (not included in the original deed of trust) adjacent to the area was also deeded to PDIL.
   Description: Eastport. South of I-70 around Bull Run Drive and just East of St. Charles Road. 22.15 acres of undeveloped land.
   Parcel ID: 17-204-00-03-007.00 01* *
2. Vineyards (five tracts undeveloped land)
   Maximum borrowing limit on deed of trust: $15 million
   Transaction date: Oct. 17
   Former Holder: Premier Development Properties – Edward Berendzen, Ron Stuart, Samuel Boyce.
   Action: A deed of trust from Premier Bank to Premier Development Properties for $15 million on Jan. 11, 2006. Deeded to PDIL, LLC in lieu of foreclosure in October.
   Description: Five tracts of undeveloped land containing more than 300 acres near the Vineyards development. About one mile southeast of Broadway and U.S. 63. Near Elk Park Drive and Route WW.
   Parcel ID: 17-503-00-00-001.01 01**
3. Far West Boone (undeveloped land)
   Maximum borrowing limit on deed of trust: $5.4 million
   Transaction date: Sept. 30
   Former Holder: Developments Far West Boone-James Wright, Jeffrey Darter, Ruth Ferguson, Edward Berendzen.
   Action: $5.4 million deed of trust from Premier Bank to Developments Far West Boone, Dec. 15, 2006. Deeded to PDIL, LLC in lieu of foreclosure, Sept. 30, 2008.
   Description: About 100 acres of land seven miles west of downtown Columbia. North of I-70 and south of Highway 40 and adjacent to Rollingwood Blvd.
   Parcel ID: 15-302-01-00-007.00 01**
4. Procycle USA
   Maximum borrowing limit on deeds of trust: $2.69 million
   Foreclosure date: June 24
   Former Holder: Allen and Jo Shernaman
   Action: Foreclosed and bought by Boone County National Bank. BCNB lent $1.19 million on Aug. 11, 2006. $1 million from private lenders, $500,000 from Central Bank of Missouri.
   Description: Motorcycle dealer, 2600 Range Line Street.
   Parcel ID: 16-308-00-01-001.00 01
5. Eastport (plat 2-B, lot 3)
   Maximum borrowing limit on deed of trust: $2,643,000
   Foreclosure date: April 28
   Former Holder: Allen and Jo Shernaman
   Action: Original deed of trust from Central Bank of Missouri to the Shernamans. Foreclosed and acquired by Central Bank of Missouri in April.
   Description: An undeveloped lot in the Eastport development, south of I-70 around Bull Run Drive and just East of St. Charles Road. 5.39 acres.
   Parcel ID: 17-204-00-12-001.00 01
6. S. High Point Lane (7700)
   Maximum borrowing limit on deed of trust: $1,713,188
   Foreclosure date: April 15
   Former Holder: David Finke, Kimberly Finke, Daniel Finke, Stacie Finke.
   Action: Original deed of trust from Premier Bank, Jan. 13, 2006. Foreclosed on and bought by Premier Bank.
   Description: 39.53 acres with one house. South of route K, about two miles west of Pierpont.
   Parcel ID: 20-500-15-00-001.00 01
7. 63 Diner
   Maximum borrowing limit on deed of trust: $1,233,000
   Foreclosure date: April 30
   Former Holder: 63  Diner North Columbia, LLC
   Action: Premier Bank granted $1.233 million deed of trust April 3, 2005. Foreclosed on and bought by Premier Bank late April, 2008.
   Description: 5801 N. Highway 763. About one acre with a restaurant.
   Parcel ID: 11-600-24-01-001.00 01
8. Oakland Gravel Road (2815), formerly known as Confederate Hill
   Maximum borrowing limit on deed of trust: $1,225,000
   Foreclosure date: Oct. 2, 2007
   Former Holder: Historical Properties of the Midwest
   Action: Original deed of trust worth $1.225 million from private lenders to Historical Properties of the Midwest on Nov. 18, 2005.
   Description: A house on approximately 6.3 acres.
   Parcel ID: 12-718-00-03-002.00 01
9. Old Hawthorne (14 undeveloped lots)
   Maximum borrowing limit on deed of trust: $1,028,042
   Transaction date: Oct. 1
   Former Holder: Jaczen Development, LLC – Jerry Heath.
   Action: Deed of trust for lots in the Old Hawthorne Development from Premier Bank to Jaczen Development on March 22, 2007. Deed in lieu of foreclosure to PDIL, LLC in October.
   Description: 14 undeveloped lots
   Parcel ID: 17-600-00-01-179.00 01**
10. West Old Plank Road (1414)
    Maximum borrowing limit on deed of trust: $900,000
    Foreclosure date: April 28
    Former Holder: Duffield Construction, Inc.
    Action: A May 2, 2005, deed of trust to Duffield Construction from Boone County National Bank worth $900,000. Foreclosed on and bought by BCNB.
    Description: About 12 acres undeveloped land bordered by Old Plank Road and Route K.
    Parcel ID: 20-313-11-00-012.00 01
    **Parcel ID for area reference only. More parcels included in actual transactions.