Anchor ads are not supported on this page.

4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs

Foreclosure ends

Rancho Santa Fe spread owned by U-T's John Lynch went into foreclosure and quickly out. He is living there.

On December 4, a home at 6311 Clubhouse Drive, Rancho Santa Fe, went into foreclosure. Owner John Lynch, chief executive of the U-T, his wife Catherine and the family trust were warned in a Notice of Trustee's Sale, "You are in default under a deed of trust dated September 8, 2006. Unless you take action to protect your property, it may be sold at a public sale." In September and again in November the Reader had reported that the mortgage was in default. On Nov. 6, Lynch promised he would pay a penalty to clear up the default on property taxes. Then came this month's foreclosure notice. Sid McClue of Prudential, who had been trying to sell the property for $3.495 million, says he is no longer trying to sell it. "Mr. Lynch decided not to sell. He owns the house andl ives in the house." McClue is quite sure the home is no longer in foreclosure and Lynch confirms that.

Lynch says he is trying to purchase the mortgage for a discount. It is "one of my investments," he says. In November, he had said he had not been living in the house for a year; he was renting it out and living downtown. "The accounting was not handled well by both my advisers and the [County] Treasurer," he said then. Now he also blames "some bad practices by a lender." He will either buy the mortgage cheap or sue, he says. He earlier said this was his only mortgage. Says Lynch, "As you might imagine, my net worth is quite substantial."

Thanks to Matt Potter for retrieving the Notice of Trustee's Sale.

Here's something you might be interested in.
Submit a free classified
or view all

Previous article

San Diego's Uptown Planners challenged by renters from Vibrant Uptown

Two La Jolla planning groups fight for predominance

On December 4, a home at 6311 Clubhouse Drive, Rancho Santa Fe, went into foreclosure. Owner John Lynch, chief executive of the U-T, his wife Catherine and the family trust were warned in a Notice of Trustee's Sale, "You are in default under a deed of trust dated September 8, 2006. Unless you take action to protect your property, it may be sold at a public sale." In September and again in November the Reader had reported that the mortgage was in default. On Nov. 6, Lynch promised he would pay a penalty to clear up the default on property taxes. Then came this month's foreclosure notice. Sid McClue of Prudential, who had been trying to sell the property for $3.495 million, says he is no longer trying to sell it. "Mr. Lynch decided not to sell. He owns the house andl ives in the house." McClue is quite sure the home is no longer in foreclosure and Lynch confirms that.

Lynch says he is trying to purchase the mortgage for a discount. It is "one of my investments," he says. In November, he had said he had not been living in the house for a year; he was renting it out and living downtown. "The accounting was not handled well by both my advisers and the [County] Treasurer," he said then. Now he also blames "some bad practices by a lender." He will either buy the mortgage cheap or sue, he says. He earlier said this was his only mortgage. Says Lynch, "As you might imagine, my net worth is quite substantial."

Thanks to Matt Potter for retrieving the Notice of Trustee's Sale.

Sponsored
Here's something you might be interested in.
Submit a free classified
or view all
Ask a Hipster — Advice you didn't know you needed Big Screen — Movie commentary Blurt — Music's inside track Booze News — San Diego spirits Classical Music — Immortal beauty Classifieds — Free and easy Cover Stories — Front-page features Drinks All Around — Bartenders' drink recipes Excerpts — Literary and spiritual excerpts Feast! — Food & drink reviews Feature Stories — Local news & stories Fishing Report — What’s getting hooked from ship and shore From the Archives — Spotlight on the past Golden Dreams — Talk of the town The Gonzo Report — Making the musical scene, or at least reporting from it Letters — Our inbox Movies@Home — Local movie buffs share favorites Movie Reviews — Our critics' picks and pans Musician Interviews — Up close with local artists Neighborhood News from Stringers — Hyperlocal news News Ticker — News & politics Obermeyer — San Diego politics illustrated Outdoors — Weekly changes in flora and fauna Overheard in San Diego — Eavesdropping illustrated Poetry — The old and the new Reader Travel — Travel section built by travelers Reading — The hunt for intellectuals Roam-O-Rama — SoCal's best hiking/biking trails San Diego Beer — Inside San Diego suds SD on the QT — Almost factual news Sheep and Goats — Places of worship Special Issues — The best of Street Style — San Diego streets have style Surf Diego — Real stories from those braving the waves Theater — On stage in San Diego this week Tin Fork — Silver spoon alternative Under the Radar — Matt Potter's undercover work Unforgettable — Long-ago San Diego Unreal Estate — San Diego's priciest pads Your Week — Daily event picks
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
Close

Anchor ads are not supported on this page.