Founder Faces Foreclosure

December 24th, 2010
in News

The Wall Street Journal: co-founder Alexis McGee made a name for herself helping investors quickly find information about distressed properties nationwide.  Now she’s the one in trouble, the Sacramento Bee reports.

Follow up:

She and her husband reportedly defaulted on the mortgage covering their Fair Oaks, Calif., home in June. Earlier this month, the lender filed a notice of trustee’s sale stating that the couple owes $1.7 million. The Craftsman-style house is set to be auctioned off on the courthouse steps next month.  Read more.....

Hat tip to Justin Howard via Twitter.

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