Bank pursuing millions in Stanley property

A 150-acre tract of land in Meggett that the town had considered buying for $3.5 million is now the subject of a foreclosure lawsuit.

The property on Ethel Post Office Road is adjacent to the 420-acre Harmony Hall tract that the Charleston County park system bought in 2007 for $10 million, and it is owned by the same property owners who sold Harmony Hall.

The Bank of Walterboro is attempting to claim the 150-acre property on Ethel Post Office Road that the town of Meggett once was eyeing, along with 50 sewer taps assigned to the land for potential development, according to a lawsuit.

The bank is pursuing five other properties owned by Susan and Peter Stanley, in the same court filing, and claims it is owed nearly $2.2 million. No judgment has been issued.

Read more in tomorrow's editions of The Post and Courier.

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