This article shows a luxury home once owned as a single family residence. In my training, I show how luxury homes are easier to short sale and generate 10x the profit of little homes with the same amount of work and no requirement for cash down or use of your credit.
You should be consistently seeking out luxury homes to acquire in your foreclosure business.
D.C. Fawcett
Get a FREE Foreclosure Investing Course
The Mount, Edith Wharton’s Classic Home, Is Fighting Foreclosure
I’ve seen a few famous foreclosures in the last couple of months but none makes me sadder than this. The organization that owns author Edith Wharton’s Lenox, Massachusetts estate, “The Mount” is fighting foreclosure. The Boston Herald reports that they recently received a one-month extension to raise the $3 million needed to save the home. So far the group has raised $560,463 from donors around the world but they have to raise $3 million by April 24 to avoid foreclosure by the Berkshire Bank in Pittsfield. The good news is that an anonymous donor has pledged to match the $3 million which would allow the group to restructure its debt. The foundation website reports that donations will be processed only if The Mount meets its fundraising goal, otherwise they will destroy all checks and credit card slips.
Wharton, the author of Ethan Frome, The House of Mirth and The Age of Innocence, designed and built the house in 1902. She wrote over 40 books in 40 years, including authoritative works on architecture and gardens and was the first woman to receive the Pulitzer Prize for fiction. The Mount is one of the five percent of National Historic Landmarks dedicated to women. It only gets around 30,000 visitors a year but is a lovely and significant reminder of a more gracious era.
Related Articles
1 user responded in this post
[…] Foreclosure Blog - News and articles about foreclosures wrote an interesting post today onHere’s a quick excerptThis article shows a luxury home once owned as a single family residence. In my training, I show how luxury homes are easier to short sale and generate 10x the profit of little homes with the same amount of work and no requirement for cash down or use of your credit. You should be consistently seeking out luxury homes to acquire in your foreclosure business. D.C. Fawcett Get a FREE Foreclosure Investing Course The Mount, Edith Wharton’s Classic Home, Is Fighting Foreclosure Posted Mar 26th […]
Leave A Reply
Please Note: Comment moderation maybe active so there is no need to resubmit your comments