A Foreclosure Auction has been scheduled for the golf development, Rarity Pointe in Lenior City, Tennessee for 10:00 a.m. on July 1, 2011 at the Loudon County Courthouse.

According to Lewis Howard Jr., attorney from Knoxville, 294 lost have been sold over the years and the upcoming auction is looking to sell another 204 lots, two spec homes, an 18-hole golf course and a "discovery center" that includes a kitchen and meeting rooms.

Rarity, once a leading developer of upscale residential communities in East Tennessee, has been hit hard by the unstable real estate market. Just recently, the former Maryville headquarters building and an unfinished golf community in Campbell County that were owned by Rarity have been foreclosed on and taken by Greenbank.