Most expensive home in America defaults on $165 million in debt, heads for sale : Rashtra News Aerial views of the $500 Million dollar mansion dubbed "The One" in Bel Air, California.Google EarthA Los Angeles megamansion once expected to list for $500 million has gone into receivership after the owner defaulted on more than $165
Boxing champ Floyd Mayweather Jr., his manager and several others were hit with a breach of contract suit in California state court Tuesday by a company claiming millions in damages while alleging they failed to share ticket sale profits from Mayweather's bout with internet personality Logan Paul.
The bankruptcy auction of the largest modern home in the United States was pushed back three weeks to allow more time to attract potential purchasers of the home, which has a $295-million asking price.
Developer Nile Niami s filed for bankruptcy to stop the foreclosure sale in a nearly year-long dispute with lender Don Hankey over the 105,000-square-foot Bel Air estate, knowns as The One.