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Land Court review stalls foreclosure on American Tissue; town warned it will have limited time to decide
Summary
Town staff said Land Court is conducting due diligence that is delaying foreclosure of the defunct American Tissue property, and when the case reaches the town it will be a board decision under new legislation with a narrow response window.
Town staff told meeting participants that Land Court is conducting a review that has delayed foreclosure proceedings on the defunct American Tissue property and that, when the case reaches the town, the town will have a limited window to decide whether to keep or sell the property. "We are waiting on Land Court. It's their—it's on their side of the fence right now. We put in the paperwork in 2022 to move foreclosure forward and let's get this done with," a town staff member said. The matter matters because the town will have to make a quick, formal decision once Land Court completes its work: "But when it does get here, we need to do it quick. We need to decide…
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