Justin French’s mansion once again got a reprieve Thursday.
A foreclosure auction that had been scheduled Thursday for the 10,000-square-foot Georgian-style mansion was cancelled at the request of the lender, according to ALG Trustee, the firm handling the foreclosure.
The home, at 330 Oak Lane, just off Patterson Avenue, has seen several scheduled auctions come and go since late 2010.
Bank of America holds the $1.45 million loan on the property. Recontrust, Bank of America’s foreclosure arm, is the loan servicer.
ALG is part of Atlantic Law Group in Leesburg.
The auction was to have taken place on the front steps of the Richmond courthouse. No new auction date has been set, according to ALG.
French bought the property in 2005. The home sits on about two acres and has eight bedrooms and 7.5 bathrooms. It was most recently valued at $1.96 million after peaking in value at the height of the real estate bubble at more than $2.5 million, according to the city’s most recent assessment.
Read about the history of the home and the tax credits French received for restoring it here.