Courtney Love, actress and lead singer of the band Hole, narrowly escaped her New York loft, located at 30 Crosby Street, being foreclosed on when it sold recently, according to the blog Curbed.
As was reported here at Blogcritics in late 2005, Mercury Capital Corporation alleged in a lawsuit that Love, then in rehab, had not paid on her mortgage since June 2005. Mercury Capital sought and failed to attain the deed of her 4,123 square foot loft located in Manhattan's popular SoHo district because of the sale of the loft. The New York Post's Page Six had this to say about the sale of the property:
AFTER a few liens and price reductions, grunge rocker Courtney Love has found a buyer for her SoHo apartment. The Post's Braden Keil reports the condo loft at 30 Crosby St., which had a most recent asking price of $5.25 million, just went to contract. The unnamed buyer will get 4200 square feet with a massive master bedroom, gourmet kitchen, and very likely plenty of the wacky widow's DNA.
The sale price of Love's loft was not available at press time, but Corcoran had it listed for nearly $5.2 million. Some may say the price was more than worth it to have a piece of rock history, while others are likely to disagree. Readers can check out Blogcritics Editor Eric Olsen's recent MSNBC feature on Courtney Love.