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Judge Rules In Foreclosed CdA House

An Arizona developer who lost his Lake Coeur d’Alene luxury home to foreclosure this spring doesn’t have to return most of the items he took from the property before the new owner moved in, a bankruptcy judge said. Denny Ryerson, 69 and a Gonzaga University regent, lost his 11,000-square-foot lakeside mansion on Mica Bay after defaulting on bank loans. The buyer of the home and nearby property is former Spokane resident Dana Martin, who owns a large auto dealership in Southern California. Martin paid $7.1 million for it in a foreclosure sale. Ryerson had tried to sell the property for about $10 million but found no bidders. Martin moved into the home in June but discovered hundreds of items he considered fixtures – including wall and ceiling sconces, home furnishings, a security system, kitchen appliances and other items – were gone/ Tom Sowa , SR. More here .

Question: Do you agree with this ruling?

* This story was originally published as a post from the blog "Huckleberries Online." Read all stories from this blog