Socialite Elizabeth Hazan has defaulted on a loan on her $5.1 million Mediterranean-style mansion on Fisher Island. Hazan previously made tabloid headlines when she lost her $2 million New York City condo after reportedly falling $200,000 behind on fees.
The Third District Court of Appeal in Miami found Hazan had “no basis in the pleadings or applicable law for the positions she advanced” in the case filed by lender NLG LLC, according to the Daily Business Review.
Hazan borrowed $1.3 million in 2007 from Pennsylvania-based NLG. The note and mortgage required a payment of $300,000 one month after sale.
In April 2008, a default judgment was obtained for $1.6 million. [Daily Business Review] – Christopher Cameron