Elon Musk Foreclosing on Gene Wilder’s Relative Over Unpaid Loan
Elon Musk has started foreclosure proceedings on a home once owned by Gene Wilder over missed payments on a loan Musk gave to Wilder’s nephew to purchase the home, according to a report.
The billionaire agreed to sell one of his Los Angeles homes to Jordan Walker-Pearlman and his wife, Elizabeth Hunter, in 2020 for $7 million, according to The Wall Street Journal. Musk also agreed to loan them most of the cash they’d need to buy the Bel-Air home, where Walker-Pearlman had spent much of his childhood when it was the residence of his Willy Wonka & the Chocolate Factory star uncle.
In July, an entity linked to Musk filed a notice of default after Walker-Pearlman and Hunter fell behind on payments for the $6.7 million loan, according to property records cited by the Journal. The notice said the lender can force a sale 90 days from the date of the filing.