Gold Creek homeowners are hopeful that a potential buyer for the defunct golf club in the subdivision can close on the property this week.
The 18-hole course and clubhouse have sat vacant since they went into foreclosure about two years ago.
According to an e-mail earlier this month from the Gold Creek Homeowners Association, the sale was “imminent” and expected to happen last week.
A spokeswoman for the group said Monday that an issue with the title had prolonged the closing.
“There was a glitch with the title, but that was finally resolved,” Jeanne Tompkins said. “Closing is Wednesday, but one can never be sure.”
Once billed as north Georgia’s premier golf resort, Gold Creek closed in summer 2008 when former owners Bob and Jeff Tablak began proceedings to file for bankruptcy.
Regions Bank currently owns the property.
The homeowners association has worked on its own to keep the greens and fairways manicured.
The potential buyer, whose name has not been released, has asked the homeowners to stop cutting the grass.
According to the e-mail, the buyer wants “to get it to the length that they need to get the maintenance program started.”
The buyer is meeting with subcontractors and course maintenance personnel “so that he can be ready to start reconstruction/refurbishment of the clubhouse and the golf course as soon as the closing is completed,” the e-mail continued.
Meetings between the buyer and homeowners are expected after the sale is complete.
According to the association’s e-mail, “From what we have been able to gather during our conversations with the prospective owner, their plans will benefit everyone who lives in this community.”
Representatives from Regions Bank could not comment on the potential sale.