Patricia Kluge's Vineyard Estates Facing Foreclosure

by Deidre Woollard (RSS feed)
Dec 29th 2010 at 9:01PM

Another foreclosure threat is dogging Patricia Kluge and Bill Moses. Earlier this month the Kluge Estate Winery and Vineyards in Virginia failed to sell at auction staying with lender Farm Credit Bank. Now The Hook reports that five lots in their 24-lot Vineyard Estates subdivision are facing a similar fate. The parcels are in Meadow Estates, phase one of a planned subdivision in southern Albemarle. They total 122 acres and are assessed at $6.9 million. A property auction notice shows that Vineyard Estates LLC owes $8.2 million. They are set to be sold off at the Albemarle County Courthouse on January 11. The Hook also says that Farm Credit holds a second lien on Albemarle House, Kluge's mansion that was once listed for $100 million but now can be had for $24 million.

Tags: patricia kluge, vineyard estates

Filed under: Estates

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pjcr5000 Jan 31st 2011 4:53AM

this is a very sad situation, patricia kluge just made a very bad investment. with her icome.i remember reading about her divorce settlement at 1.5 million a week.she was more powerful then superman.with that kind of net worth im must have to question her advisors who failed to crunch numbers on her entire master plan. and persuade her to invest her foutune ,perhaps in somthing not as risky as this entire project..in many ways i am deeply sadend for her.albemalre was built when she was married to john kluge , and that house was done in the finest taste.she will come out of the mess. and learn huge lesson.many people in her position have made mistakes.i wish her the best of luck. mr r