The mansion at 330 Oak Lane is facing an auction. (PHOTO: Michael Schwartz, 2012.)
RICHMOND, Va. — Three years after it was last up for auction, the West End mansion of imprisoned developer Justin French is once again headed to foreclosure. French’s 10,000-square-foot Georgian-style mansion at 330 Oak Lane is scheduled for a foreclosure sale on May 20 on the steps of the Richmond Circuit Court at 9 a.m. Arlington-based Equity Trustees was appointed March 27 as substitute trustee of the two-acre property, which is located just off Patterson Avenue near its intersection with Willow Lawn Drive.
Rockville, Maryland-based BWW Law Group, the attorneys representing Equity Trustees in the sale, would not comment beyond the sale’s public notice.
Illinois-based Resource Bank currently holds the $1.45 million loan on the property, according to city records. It was previously held by Bank of America, when ALG Trustee was handling an attempted foreclosure in 2012. That was the last time the property was up for public auction. That sale – one of several that had been scheduled since 2010 – was cancelled at the request of ALG.
French and his wife Tanya are still listed in city records as the owners of the property. The couple purchased the home in 2003 for $1.765 million.
To read more about the mansion and its sale, click here.
