Домой United States USA — Financial Court Orders Sale of 'Most Expensive Home in the US'

Court Orders Sale of 'Most Expensive Home in the US'

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A home billed as the «biggest and most expensive in the urban world» is going to be hitting the market at a steep discount. «The One,» a 105,000-square-foot…
(Newser) – A home billed as the «biggest and most expensive in the urban world» is going to be hitting the market at a steep discount. «The One,» a 105,000-square-foot megamansion in Los Angeles’ Bel Air neighborhood, was expected to go on sale for $500 million years ago, but the project from high-end developer Nile Niami hit numerous delays, CNN reports. Niami has now defaulted on more than $165 million in loans and debt and the home has been placed in court-ordered receivership, an alternative to foreclosure, according to court documents.

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