Villa Rockledge Set For Foreclosure Auction

$30 million beach estate on ocean front in Laguna beach known as Villa Rockledge a family compound is in default. It is not only in default but has a date set for the foreclosure auction.




The home was built in 1921 it sits over the sand on a bluff, it sits on a 1/2 acre lot and has the main home and six villas. Over 12 bedrooms with 9 bathrooms. The compound was first listed in 2009 for $34.9 million.



The Wall Street Journal did an article on the home titled, "A Castle by the Sea". The home was purchased in 1973 for $420,000. The unpaid amount on the loan for Villa Rockledge is $6,212,511.04. If the owner cannot come up with the lenders payment in full it will be auctioned June 30th.



Once again the mortgage meltdown is not just some individules that were first time home buyers.

Tim Lorenz

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Tim Lorenz . Over 40 Years Experience Representing South Orange County Home Buyers, Sellers, Investors and Relocations!