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Owner Randall Nixon plans to sell a part of the 127-acre family-owned farm in West Friendship, Maryland and to expand the business. The plan is to develop a multi-generational housing facility to be called West Haven at Nixon’s Farm.
However, the fact that Nixon’s Farm is on listings of bank owned homes is hampering the owner’s plan to turn the place into a haven for older people where they can live with their grandchildren and children.
According to 52-year-old Nixon, the development plan is consistent with his family’s values. His mother, who is 81 years old, lives in a house on the farm, near the home where he and his wife reside. Nixon believes that there will be a paradigm shift in the way people live as a result of the recession.
About 97 acres of the farm are on listings of bank owned homes and scheduled to be auctioned by the American Auctions and Appraisals in front of a courthouse in Ellicott City on June 24. The repossessed assets included the Pennsylvania Dutch Bank barn which was transformed into a ballroom.
A total of three foreclosure cases have been filed against properties of the Nixon family since 2006. The foreclosure cases resulted from the failure of the family to pay mortgages on loans taken out to fund development plans for the property.
Columbia Bank is the one that placed the delinquent 97-acre on listings of bank owned homes. The farm has been the site of various company picnics and wedding events. Nixon is hoping that the bank will consent to his request to postpone the auction of the property.
He explained that he had arranged financing on July 1 which will be used to settle the foreclosure case and jump start his development plans.
Nixon’s development plans include the construction of about 47 houses, with 50 percent of them allotted for assisting living. The plan also includes the preservation of scenic views and open spaces, with most construction to be done in the area surrounding the central banquet hall. The 5,000-square foot central banquet hall itself will be expanded to 15,000 square feet.
Despite the inclusion of the farm on listings of bank owned homes, the farm continues to experience a booming business.