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You are here: Home / News / At $4.75M, it’s quite a deal

At $4.75M, it’s quite a deal

December 8, 2010 By [email protected]

Somebody is getting a great deal on a house in Lake St Louis. It’s been put up for auction, because the owner has declared bankruptcy. The winner is going to pay about one-sixth of the cost of the house.

A bankruptcy judge is expected to approve the only bid for the $27 million mansion built at Lake St. Louis by Darain Atkinson, one of the brothers that ran the now-bankrupt US Fidelis extended-warranty company. The winning bid is $4.75 million. The bidder’s name is being kept secret for now.

The money will go to creditors of U-S Fidelis.

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