Thursday, March 24, 2011

Kluge Estate and Winery heads to auction- another over-leveraged homeowner?

Interested in buying a 900 acre vineyard down near Charlottesville, VA? Here is your chance...pretty beautiful if you ask me, but probably out of my price range...


From the WBJ:
Less than a month after Bank of America took possession of Patricia Kluge’s Albemarle Estate near Charlottesville, Farm Credit is set to auction off the Kluge Estate and Winery.
Farm Credit repossessed the property by buying it at a foreclosure auction in December.
The 901-acre property will sell at auction April 7, according to J.P. King Auction Company, which will handle the sale.

Apparently, Donald Trump is interested in buying the property, according to this article in Luxist.com. Normally, The Donald's taste isn't for me, but this house is pretty fine.

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