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Site of proposed Halfmoon riverside condos in foreclosure

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Foreclosure proceedings have begun against the owners of a property along the Mohawk River where 244 condominiums are proposed. Gail Krause and Krause Properties LLC failed to make timely payments on a $760,000 note issued in October 2005, Kain Development LLC of Sparta, N.J., alleges in foreclosure documents filed Monday in state Supreme Court in Saratoga County. The lender is asking for $1.26 million in outstanding principal, interest, late fees and collection costs from Krause ...

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