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Elon Musk to foreclose home of Gene Wilder’s nephew, after lending him $6.7 million to buy it

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Elon Musk is initiating steps to foreclose a house once owned by actor Gene Wilder. Musk first bought the house in 2013 for $6.75 million.

In 2020, Musk decided to sell the home to Wilder’s nephew Jordan-Walker Pearlman and his wife, Elizabeth Hunter. He wanted to make sure the house wasn’t knocked down and he agreed to sell it to Walker-Pearlman for $7 million, and loaned Pearlman $6.7 million in order to make the purchase affordable for him.

However, Walker-Pearlman and Hunter have not been able to keep up with the loan repayment and so Musk has filed a notice of default.

According to the Wall Street Journal, the notice is the first step in foreclosure proceedings and gives the Tesla billionaire a chance to force a sale of the property after 90 days.

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At the same time, the couple have also listed the property on Realtor.com for $12,950,000.

The listing describes the property as a piece of Hollywood history and reads as follows:

”Nestled in the exclusive Bel Air neighbourhood, this timeless property, designed by celebrated architect Robert Byrd, offers unparalleled views of the Bel Air Country Club and exudes a distinct character that merges classic design with modern potential.”

Gene Wilder lived in the home with his third wife, “Saturday Night Live” star Gilda Radner, until her demise in 1989.

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Musk’s decision to sell the house in 2020 came at a time when he was bent on getting rid of all his “physical possessions”. At the time, he had posted on X (then Twitter) that he planned to “own no house”.

He did, however, have a stipulation when he sold the house that it could not be torn down or “lose any of its soul”.

In 2022, Walker-Pearlman had nothing but praise for Musk as he was grateful for the billionaire lending him the money. He was fond of the house because he had spent a lot of time at his uncle’s home as a child.

He had told the Wall Street Journal, “He could have sold it for so much more. His sensitivity to me can’t be overstated.”

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He, however, does not hold any grudge against Musk for now, and he is taking legal action.

”There’s no tragedy here,” said Walker Pearlman.

Pearlman said that his finances had taken a big hit during the 2023 Hollywood strikes and he was unable to keep up with the repayments of the loan.

One-of-a-kind property

The home features 2,756 square feet of living area and is on a 0.78 acre lot.

It has four bedrooms, a living space with a media room, dining room, library, breakfast nook and sauna.

It also features a unique garden with a vintage kidney bean-shaped pool.

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