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Bank to sell historic Mississippi home and inn at auction

A southwest Mississippi historic home and inn will be auctioned after a bank foreclosed.The Natchez Democrat reports the Dunleith Historic Inn will be auctioned Feb. 1. Owner Michael Worley filed for personal bankruptcy last year, citing $107 million in debts and $80 million in assets.

The house is among the most recognized antebellum structures in Natchez.

A federal judge recently cleared Natchez-based United Mississippi Bank to foreclose. The bank says Worley owes $7.3 million.

A New Orleans real estate broker has been trying to sell Dunleith, asking $5.95 million

Worley earlier sold a Natchez business called Bowie’s Outfitters to a different creditor. He also owns Bowie’s Tavern, which could be sold as part of the bankruptcy.

Dunleith, built in 1856, has been a bed and breakfast since 1976.

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About Ross Reily

Ross Reily is editor of the Mississippi Business Journal. He is a husband to an amazing wife, dad to 3 crazy kids and 2 dogs. He is also a fan of the Delta State Fighting Okra and the Boston Red Sox.

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