The more modest "Villa San Marco" offers its future residents about 4,000 square feet of living space, and includes a game room with bar, butler's pantry, and family room with custom built-in entertainment center. The proposed homes included the 11,000-square-foot "Bellezza Toscana," featuring seven en suite bedrooms, a cabana, lanai and a four-car garage. Four Square said it was interested in the property because it could be subdivided into at least 40 two-acre lots and be built out with "luxury estate homes." The company had an agreement in June to buy 100 acres of land for $2.25 million. The first proposed buyer for Assante's property was Four Square Development of Florida, according to court papers. His attorneys couldn't be reached for comment. The Emmy-winning actor said last week he has written a 25-page article about his legal ordeal, but he couldn't talk about the specifics of the case while it is ongoing.
No one at Nugent & Haeussler was available to comment last week.Īssante, whose income reportedly has fallen precipitously the past decade, originally went to the bank to refinance five different loans, but the monthly payments for his new loan increased to $16,000 from $11,000. Assante has battled the lender, Eastern Savings Bank, in court for three years, accusing the Maryland institution of predatory lending.Īssante also has filed lawsuits against Montgomery accounting firm Nugent & Haeussler for breach of fiduciary duty and malpractice, claiming the firm's staff never disclosed Eastern's history of subprime lending. The actor filed for bankruptcy last year, partly to preserve the value of his land and prevent a sheriff's sale. Money from the sale of the land, valued at about $2.7 million, will be used to repay a mortgage lender about $2 million, according to Assante's Bankruptcy Court filings. CAMPBELL HALL - Most of Armand Assante's approximately 224 acres of land on Hulsetown Road is on the auction block to pay off the actor's debts.īids have come in from a flamboyant Australian real estate developer and a broker who's looking for new financial backers, according to Assante.
0 kommentar(er)
