Elon Musk foreclosing on $13M home after generous loan goes bad
SUMMARY
Elon Musk has begun the foreclosure process on Gene Wilder’s former Bel Air residence, which was acquired by Wilder’s nephew, Jordan Walker-Pearlman, and his wife with a $6.7 million loan from Musk. The couple, who bought the 2,750-square-foot home for $7 million in 2020, fell behind on payments due to the 2023 Hollywood strikes. The property, which Musk had owned since 2013, now faces a notice of default. The home is currently listed for $12.95 million. Walker-Pearlman reiterated his gratitude toward Musk, stating he was not adversarial and that he appreciated the opportunity Musk provided. The foreclosure process allows Musk to pursue a forced sale after a 90-day period, though there are no indications he plans to do so.
