The unraveling of Patricia Kluge’s country squire lifestyle has spawned a court decision sure to catch the breath of any lawyer – a default judgment totaling nearly $24 million.
Bank of America sued In January claiming Kluge was in default on three separate loans. Kluge never responded to the lawsuit in Charlottesville federal court.
Now, U.S. District Judge Norman K. Moon has entered judgment against Kluge on principal and interest for the three loans amounting to $23,954,966.
The figure could grow. Moon asked the bank’s lawyers to support their claim for $200,000 in attorneys fees.
Despite Kluge’s dire finances, the bank may satisfy some of its judgment through foreclosure on one of Kluge’s Albemarle County properties, as reported by The Hook.
By Peter Vieth