But it doesn't look as though the resort is in imminent danger of closing:
It's not clear if any outside buyer would have put up the $13.3 million now owed to Prime Asset to buy the resort ...
Originally set for early June, the foreclosure was delayed a month to allow Lajitas to find alternate funding.
Though that effort fell short, another lender appears willing to bail Lajitas out.
In a prepared statement, (owner Stephen) Smith vowed that the resort will continue to provide guests with full amenities and meet its financial obligations.
"The action we have taken is a necessary and responsible step to preserve Lajitas' value and execute a plan which completes the vision for Lajitas," he said, adding that a recent appraisal valued the property in excess of $200 million.