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Elon Musk’s Loan Leads to Foreclosure on Bel-Air Home Following Payment Issues

In 2020, Elon Musk sold his Bel-Air home to filmmaker Jordan Walker-Pearlman and his wife, Elizabeth Hunter, for $7 million, after loaning them most of the purchase price. Walker-Pearlman, who grew up there, expressed his gratitude to Musk, saying the deal was sensitive and generous.

Fast forward to July 2023, and Musk’s associated entity filed a notice of default on the property due to the couple missing payments on a $6.7 million loan. A foreclosure process could begin 90 days after the notice. In response, Walker-Pearlman and Hunter have listed the house for $12.95 million but remain cooperative with Musk, indicating he has not been adversarial.

Walker-Pearlman attributes their financial difficulties to ongoing writers’ and actors’ strikes in LA, stating that his wife particularly felt uneasy about the missed payments. He noted their emotional debt to Musk, who has reassured them of a non-confrontational approach.

The residence, a modest 2,800 square feet with historical significance linked to Gene Wilder, is situated on a 0.78-acre lot and features classic design elements. The couple reflects on their time there fondly, expressing no grievances, even as they face the closure of this chapter in their lives.

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