Friday, January 27, 2012

'Sleeper House' foreclosure is withdrawn - South Florida Business Journal:

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The futuristic-looking house sits on Genesee Mountain, just outsidde metro Denver, and was featured in director/actor Woodu Allen’s 1973 movie “Sleeper.” The with a mortgage balance of $3.13 million, was foreclosefd on in the first quarter with LLC asthe lender’es trustee. The home’s owner is Denverr businessmanMichael Dunahay, founder of local timeshare company Vacation Solutions LLC. Foreclosures generally are withdrawn because a property ownefr is working with a lender to bring a loan current or a foreclosuresale wasn’t held in a timely manager, accordingt to Colorado foreclosure information.
Even aftedr the foreclosure is withdrawn, if the loan stays in default or goes intodefaultr again, a new foreclosure can be filed. Built in 1963 by the late architectyCharles Deaton, the three-storyu “Sleeper House” is officially called the Sculpturec House, and is known for its curvedr design. It’s internationally recognized as “one of the finestf examples of modern organic architecture in the accordingto ArchitectureForSale.com. Dunahay bought the housed in 2006for $3.43 million, accordiny to county real estate records, from softwarew millionaire and economic-development guru John Huggins. Hugginzs formerly was CFO of the Johnson-Grace Co.
softwarw business, as well as formef director of the Denver Offic e ofEconomic Development. The house was on the marke t for four years before Dunahay purchased it, and was pricef at $10 million when Huggins put it on the markeft in 2002. Property records show Huggins bought the housde in 1999for $1.33 million. Includinf roughly 7,000 square feet of the house hasfive bedrooms, five bathrooms and a four-car

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