Dykstra’s Calif estate sold at bankruptcy auction – Pasadena Star-News

The Associated Press
Posted: 11/22/2010 08:22:47 AM PST

VENTURA, Calif.—Former New York Mets outfielder Lenny Dykstra took out $18 million in loans three years ago to buy a California estate overlooking the Sherwood Country Club Golf Course.
It sold at bankruptcy auction last week for $760,712.

A junior lienholder bought the 12,713-square-foot Lake Sherwood home. Index Investors representative Jeff Smith says he was the lone bidder at the Ventura County courthouse on Nov. 17.

There’s still a $13.5 million senior mortgage held by J.P. Morgan Chase & Co. The Oregon-based private equity firm is negotiating with J.P Morgan to deal with that debt.

Dykstra filed for bankruptcy protection in July, saying he owed more than $31 million and had about $50,000 in assets.

Dykstra told the Ventura County Star on Saturday that he doesn’t know anything about the auction.

Dykstra's Calif estate sold at bankruptcy auction – Pasadena Star-News

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About Law Office of Daniela P. Romero, APLC

We represent consumers and in Chapter 7 and 13 bankruptcy cases within the United States Bankruptcy Court for the Central District of California. Get a fresh start! Nosotros representamos a individuos y pequeñas empresas en el Capítulo 7 y 13 casos de bancarrota en el Tribunal de Quiebras de los Estados Unidos para el Distrito Central de California. Empiece de nuevo!
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One Response to Dykstra’s Calif estate sold at bankruptcy auction – Pasadena Star-News

  1. Thanks for the information..I really like your post..I was not familiar with this news..claiming bankruptcy

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