Local Developers Ken Mattson and Tim LeFever Owe $1.2 Million in Property Taxes and Late Mortgage Payments

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Two local controversial developers owe quite a bit of money. The Press Democrat reports that Ken Mattson and Tim LeFever owe nearly $1.2 million dollars in delinquent mortgage payments and property taxes on 25 properties across Sonoma Valley. Six properties owned by KS Mattson Partners LLC could face foreclosure as soon as July 1st. Meanwhile Sacramento-based Socotra Capital Bank could repossess 10 properties if delinquent mortgage payments of over a million dollars are not addressed within 90 days. KS Mattson Partners and affiliated companies have bought more than 120 properties in Sonoma Valley over the past decade, many underwritten by Socotra Capital Bank.