AUCTION SET FOR SIMPSON HOME TODAY.Byline: Linda Deutsch Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. Today's auction of O.J. Simpson's lavish estate marks the end of an affluent lifestyle for the onetime football great who lost his fortune and his reputation amid accusations of murder. He must give up his sprawling 6,200-square-foot home on Rockingham Avenue with its five bedrooms and six baths, its guest house and tennis court, its waterfalls and Olympic-size swimming pool. ``It was his dream house,'' said Realtor Elaine Young, who sold him the Brentwood property in 1977. ``He totally loved it. He had been looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. two years, and he said he never needed to look at another house again after he saw it. This was it.'' A big selling point selling point n. An aspect of a product or service that is stressed in advertising or marketing. Noun 1. selling point - a characteristic of something that is up for sale that makes it attractive to potential customers , she said, was the guest house, which would later become notorious as the residence of Simpson's boarder, Kato Kaelin Brian "Kato" Kaelin (born March 9 1959 in Milwaukee, Wisconsin) is an aspiring American actor who received considerable notoriety due to his peripheral involvement in events surrounding the 1994-95 O.J. Simpson murder case. . ``O.J. was married to Marguerite when he bought the house,'' Young recalled. ``She was a painter and the guest house had a north light. It was perfect for her studio.'' The home was marked by tragedy early on when their small daughter drowned in the swimming pool. After he and Marguerite divorced, Simpson brought his second bride, Nicole Brown, to live at the estate. She redecorated it in elegant style, and when his football career gave way to a budding movie career, Simpson added a screening room. After he and Nicole Simpson divorced, she moved to a condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. about two miles away. It was there that she and Ronald Goldman Ronald Lyle Goldman (July 2, 1968 – June 12, 1994) was murdered in Los Angeles, California in 1994 at the age of 25 along with his friend Nicole Brown Simpson, the ex-wife of American football player O.J. Simpson. were found slashed to death on June 12, 1994. Police rushed to Simpson's estate, where they said they found a blood trail and a mysterious bloody glove. Although he was acquitted of killing his ex-wife and her friend, Simpson was sued in civil court and found liable for the killings under a different legal theory. He was assessed $33.5 million in damages - an amount that will make him a debtor forever. His home is encumbered Encumbered A property owned by one party on which a second party reserves the right to make a valid claim, e.g., a bank's holding of a home mortgage encumbers property. by numerous liens, and he borrowed on it to help pay millions in legal bills. The foreclosure foreclosure Legal proceeding by which a borrower's rights to a mortgaged property may be extinguished if the borrower fails to live up to the obligations agreed to in the loan contract. auction - this morning outside a county courthouse in suburban Norwalk - was set by the first lien holder, Hawthorne Savings. The auction could draw many bidders or none. Prospective buyers must bring at least $2.5 million in cash or a cashiers check. ``If nobody else bids, Hawthorne will own the title,'' said Jim Sage, general counsel for Hawthorne Savings. |
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