There is a lot of money riding on Sunsefs glossy pages. The Sunset House, while architecturally sustainable and aesthetically opulent, rests on a shaky financial foundation. Roger and Basil Mills, Monterra's owners, have shuttered their agricultural company, Mills Family Farms, and sunk deep in real-estate debt. Monterra faces lawsuits from unpaid construction companies and one investor alleging elder abuse. Notices of defaults continue to pile up, and some banks consider foreclosing on Monterra properties. Major lenders, including a city of Saunas employee retirement fund, hope the Sunset House will renew interest in the project and trigger lot sales-so everyone gets paid.
Monterra's legal bills are adding up, too. RCA Enterprises, the former general contractor on the project, sued Mon...
...Earlier this month, Sonorabased Mother Lode Bank foreclosed on two Monterra lots; San Lui...