DuVal’s Lee Hindin in debt
November 3, 2009
Local developer Lee Hindin recently relinquished ownership of the new Dakota Mountain Lodge that opened in July. Court documents reveal Hindin and his wife to be in financial distress.
Documents filed with the Third District Court reveal Hindin’s myriad companies have had trouble paying loans on homes in the Park City area.
Hindin’s father, Richard, now owes $6,671,470 at 18 percent interest for a home loan he personally guaranteed that Lee and his wife Karen defaulted on.
The sellers began a foreclosure in late December of last year. Lee and Karen told them they also could not make payments for January or February, according to the documents.
The home at 23 Sandstone Cove Drive was included in the 2002 Park City Area Showcase of Homes and is listed as Lee’s primary residence with the Summit County Assessor’s office.
Holladay Bank and Trust has also taken court action against Lee and Karen Hindin for repayment on loans for two properties: 2332 Creek Crossing Drive and 3422 Creek Crossing Drive. An attorney in that case was not available for comment.
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