Foreclosed Mansion in Georgia Is a Peach
Last month wementioned that Le Reve, the once $50 million estate for sale in Forsyth County, Georgia was in foreclosure. It has now had yet another price cut down to a new low of $16.75 million. Real estate agent Troy Stowe put it bluntly in a piece on WSOC-TV,saying "now, our new strategy is, the house needs to go." Thenew listingtrumpets the fact that the home has been reduced by $32 million as well as indicating that the home is now bank owned.
La Reve was the home of Hubert and Norma Humphrey who designed their lavish seven-bedroom home with a private bowling alley, its own golf course, a massage room and a huge movie theater that is a replica of Atlanta's Fox Theatre.
Read more at Luxist.com.
For more on mortgages and related topics see these AOL Real Estateguides:
- Stop Foreclosure Scammers Before They Scam You
- How to Get a Low Mortgage Rate
- Mortgage Jargon in Simple Terms
- How Much Home Can I Afford?
- How to Buy Foreclosures
- Closing Costs: How Much to Budget
- Guide to Settlement and Escrow