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Waterhouse units set for foreclosure auction
The Daily Progress Saturday, January 20, 2018 at 12:01 a.m.

The developer of the Waterhouse building in downtown Charlottesville is disputing a legal notice that says four condominiums in the building — each valued at approximately $1 million — will be sold in an auction later this month.

In an interview Thursday, Bill Atwood said he was surprised to see the notice for a Jan. 29 auction. The ad, which came from a debt collector, says the sale of the four condominiums has been arranged to repay a $20.5 million loan.

“There’s no intention for that to happen,” Atwood said about the advertised auction.

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