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A consortium of lenders filed notice of foreclosure on $25 million in indebtedness secured by some of the real estate known as Skywater in Horseshoe Bay. Foreclosure notices were posted in both Llano and Burnet counties for the March 3, 2009 trustee sale. “This is an unfortunate but necessary step to get the project moving forward and get construction of the golf course started along with other operations and infrastructure,” explained Larry Rutherford, CEO and President of Southstar Devel ...