Lenny Dykstra House Auction Scheduled
Filed under: Estates, Celebrity Shopping
I've got a major update on the Lenny Dykstra situation. According to legal documentation filed at the Ventura County Recorders Office, on July 9 at the Ventura County Courthouse the trustee will hold an auction on the courthouse steps for the baseball-player-turned-almost-mogul's home in the Lake Sherwood area of Westlake Village. As you may recall when this was our estate of the day, this home was originally owned by hockey god Wayne Gretzky who reportedly spent $30 million creating the home. Bidders at the auction will need to match the money the Dykstras owe Index Investors in the approximate amount of $900,000 (in certified funds naturally). There are two other smaller lien holders who have first right of refusal to bid on the $900,000 and there is also a mortgage of around $13.1 million with Washington Mutual. If these loans are paid then the new owner would be subject to the first mortgage loan from Washington Mutual (now Chase) and unpaid property taxes of around $275,000. This way the owner might be able to avoid obtaining a new loan (no easy feat in the current lending climate which tends to frown on jumbo loans).
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