Luxury Foreclosures not to hard to find!

Every neighborhood is affected by foreclosures, even the luxury ones…

Supermodel-turned-mob wife turned-reality TV star Victoria Gotti’s home is in foreclosure, with a court having cleared the way for JPMorgan Chase to foreclose on the Long Island palace.

There really are luxury foreclosures opportunities in this foreclosure market.  

Victoria Gotti hadn’t paid her mortgage for two years. (Fans of celebrity real estate may remember the case of Ed McMahon, who had a similar attitude of I’m-going-to-toss-the-next-24-mortgage-bills-in-the-trash-and-see-what-happens.)”

Ah yes: The old don’t pay your mortgage for two years. The home is now being listed by Laffey Associates for $2.9 million. The Capital Letters Happy Listing Consisting Of One Really Long Sentence Informs Us That:

“This Exquisite Custom Brick Estate With Old World Charm And Elaborate Detail On 4 Acres Of Magnificent Property Was Built In 1993 And Features A Pool With Cascading Waterfalls, Guest/Cabana House, Gazebo With Pond, Stable/Paddock, 4 Car Garage. Fountains, Children Playground, Tennis Court.

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