White House Saved From Foreclosure

Foreclosed Property

Got you to look, didn’t I?!!

It sure looks like the real one in Washington, DC. Actually, this one is in Georgia. A guy in DeKalb County, Georgia built this replica of the White House complete with an Oval Office and Lincoln Bedroom.

Unfortunately, he fell on hard time and the bank issued him a foreclosure notice for $1.7 Million. A faith based coalition of churches and community activists came together and was able to get the bank to renegotiate the loan to make it more affordable for the owner to keep the property.

It is currently for sale for $9.8 Million. If you can’t win the White House, maybe you can just buy it! Read the full article here.

2 comments

#1Jeanie Hoholik – Twin City Real Estate ChatFebruary 27, 2009, 11:05 am

Scott,

You DID get me to look! Perfect blog title to attract interest!

#2Minneapolis Real EstateMarch 2, 2009, 9:30 am

Great post! Road trip anyone?!? You can add it to the bus tour.

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