CNBC reports that Lenny Dykstra’s Sherwood mansion, which he bought from Wayne Gretzky in 2007 and was thrown out of 2008, has been sold to an unnamed buyer for an undisclosed amount (it was sold by Index Investors, the second lienholder, which bought the place out of foreclosure last fall). At this time we’d like to take a walk down memory lane, stopping to remember the high points of Lenny’s history with the manse, which will hopefully be preserved when whoever bought the place does the right thing and turns it into a Dykstra museum.

August 29, 2007: Dykstra buys the house from Wayne Gretzky. It includes 8 bedrooms, a guest house, a carriage house, views of the Sherwood Country Club and Lake Sherwood itself, a pool and a tennis court. Nails had always wanted that house; Gretzky, knowing this, told him “‘I’ll sell it to you for 23 mill.” Nails said “Have another drink, man. I’ll pay 17, no money down.” He ended up paying $18.5.

June 10, 2008: Having fallen on money troubles so serious that he was no longer able to fly private, LD tried selling the place. Figuring he could see a 33% return on a house he’d owned for ten months, which he was putting on the market in California at a time when things weren’t going too hot for real estate, Lenny asked for $24,950,000.

March 2009: With no one ponying up the cheddar for the place (despite Dykstra’s genius idea to throw in some extras to clinch the deal, the coup de grace of the package being LD’s “Discarded Dips Of Distinction,” a collection of chewing tobacco from the great moments in his illustrious career, tastefully encased in a white gold-flecked display case), private equity firm Index Investors, which granted Dykstra a $850,000 bridge loan the prior November, secured by the 8-bedroom manse, files foreclosure papers on Dykstra’s pad last month, as does Washington Mutual, on account of Nails defaulting on his $12 million mortgage.

July 9, 2009: Dykstra officially files for Chapter 11 bankruptcy and his manse goes to the auction block. Despite the loss of his baby and financial issues, Nails remains in good spirits, telling reporters that Donald Trump has filed for bankruptcy 6 times and urging creditors to “bring it on, bros.”

In a fit of genius before leaving, LD decides to tear through the place with a bat and a pair of pliers, ripping up floors and doing god knows what with toilets, which resulted in the following crime scene report:

The palatial estate was pockmarked with torn up flooring, holes in walls, missing toilets, as inspectors have tried to determine the extent of the problem. (Dykstra is also demanding the insurance company make good on its policy to put him up in a temporary residence because he says the house is now unlivable. “I don’t mean to be crude,” he says, “but where do they expect me to go to the bathroom?”)

August 25, 2009: Dykstra tells CNBC he’s been living in his car.

January 15, 2010: LD vows he will not go down without a fight. Auctions off balls and phone-sex on Craiglist.

March 17, 2010: Dykstra sues JPMorgan for “predatory lending practices.”

March 30, 2010: Dykstra drops suit against JPMorgan.

August 6, 2010: “The attorney for the second lienholder says Dykstra has moved back into the mansion and won’t let brokers show the home. ”

October 6, 2010: Dykstra “plots financial comeback”

December 17, 2010: “I’m about one thing,” Lenny Dykstra tells Howard Eskin in minute one of a glorious interview on 610 AM Sports Talk in Philadelphia. “And that’s walking the talk.” The talking that Dykstra has been doing has centered around two things: 1) taking on what he describes as the “criminals” at JPMorgan, whose “predatory lending” practices caused him to be foreclosed on and 2) his big comeback. Both points are addressed in the chat. With regard to the former, he not only plans to take JPM to court, but he’s made it his mission to protect people like himself from these “crooks.” To that end, LD has started a “mortgage forensic research firm,” known as Predatory Lending Recovery, LLC, which despite not yet having any clients and only one testimonial, Len claims is a billion dollar business.

The takeaway here? The unnamed buyer must be a certain legendary investor now flush with cash, who does not bounce checks to prostitutes.

Article courtesy of Dealbreaker

Late last month, via a video confessional shot in her bedroom, a hooker named Monica Foster accused Lenny Dykstra of ruining Christmas. According to Foster, Nails did so by paying her for services rendered with a bad check, leaving her bank account in the negative, meaning no funds for presents. Today Nails has vehemently denied the allegation. Did he claim it was impossible for a man of his net worth (LD has said he emerged from bankruptcy with $150 million to his name, in addition to owning a business is worth at least a billion)? No. He went with something that makes much more sense.

The pro baseball player…furiously told RadarOnline.com exclusively: “It was a setup, the whole thing was a setup. She forged a check from a bank account that has been closed for years…The former All-Star claimed he hasn’t even met Foster, much less given her a bad check. “Do you think I stop for one second to even think about it? I don’t know her, are you kidding me?” Dykstra raged.

When presented with Dykstra’s version of events, Foster didn’t back down and pointed out that her possession of the bounced check gives credibility to her version of events…”If he wants to be a b**ch he is f**king with the wrong ho!”

[Radar]

Article courtesy of Dealbreaker

When we last checked in with Lenny Dykstra, things seem to be on the up and up for the former baseball player-cum-Jim Cramer endorsed money manager. He claimed to “be back,” spiritually and financially-speaking, on account of his new “mortgage forensic research firm,” known as Predatory Lending Recovery, LLC, which despite not yet having any clients and only one testimonial, Len said is a billion dollar business. He described himself as “a lightning rod for money.” And he suggested he was still in possession of the thing the matters most to him in life, his private jet. Then, this happened:

Former pro baseball player Lenny Dykstra’s housekeeper has accused him of sexual assault, according to records…the female housekeeper alleged Dykstra would force her to give him oral sex on Saturdays.

No stranger to sexually harassing members of his staff (in 1999 Dykstra was arrested for that sort of thing with a 17-year-old female who worked at his car wash), we wondered if this news would threaten Nails’ comeback, and if it was a harbinger of worse things to come. However, prosecutors have apparently decided not to file charges, “because of an apparent lack of evidence that the activity was forced.” Here’s what LD had to say about the matter:

In an interview with the Los Angeles Times, Dykstra denied the allegations, saying the woman was trying to extort him to buy drugs. “If she was assaulted on Saturdays, then I’m a … ballerina dancer on Sundays,” Dykstra said. “This is a maid. That’s not even worth commenting on, are you kidding me?”

Lenny Dykstra Accused Of Sexual Assault, No Charges Filed [LATimes]

Article courtesy of Dealbreaker

Like some of his colleagues on the field, perhaps Favre should consider a gig on Wall Street.

Anyone want to throw out an offer? Which firm do we think his skills and personality might be most compatible? Should he join ex-Jets wide receiver Wayne Chrebet at Morgan Stanley? Would an internship under Lenny Dykstra at Nails Investments be more his speed? Perhaps a junior trading position at SAC? [Bloomberg]

Article courtesy of Dealbreaker

“[He] obviously has some money, because when I met him he was staying in a beautiful Beverly Hills hotel,” Monica Foster, who was on the receiving end of a bounced check from Nails, told Radar.

Article courtesy of Dealbreaker

Brother from another mother Jim Cramer would surely say no but one woman begs to differ.

According to “Monica Foster,” broadcasting from what appears to be her bedroom, Dykstra effectively “ruined Christmas” by paying her for services rendered with a bad check, leaving her bank account in the negative, meaning no funds for presents. Now she’s questioning whether Nails has any money at all; she suspects he does and simply screwed her over because he could (plus, she listened to a recent interview with LD in which he says he emerged from his bankruptcy bunker with $150 million to his name, in addition to a billion dollar business, so). The Nails talk gets going around 8:30.

Article courtesy of Dealbreaker

Today brings some devastating news for legendary investor Lenny Dykstra. His Thousand Oaks manse, his most prized possession, has been sold in a foreclosure auction.

Dykstra bought the house from Wayne Gretzky in August 2007, for $18.5 million. It featured 8 bedrooms, a guest house, a carriage house, a pool and a tennis court. It was his crown jewel. When Nails ran into some money trubs, he did not want to sell but felt okay about it if the place could go to someone who truly valued it, which was why he attempted to score a 33% return after living there for ten months, putting the spread on the market for $24,950,000. Despite throwing in some extras that should’ve clinched the deal (the coup de grace of the package being LD’s “Discarded Dips Of Distinction,” a collection of chewing tobacco from the great moments in his illustrious career, tastefully encased in a white gold-flecked display case), Nails got no bites and his financial situation did not exactly improve. The banks told him he had to leave but he wasn’t ready to part ways with his baby. When he was told they were serious, and that he needed to get the fuck out, ASAP, LD said fine, but not without a parting gift. Ripping out the bathroom fixtures (toilets and sinks, mostly), he vowed to return.

And while he didn’t get a job, Dykstra made strides in the right direction. He sold pictures of himself on Craiglist, he offered to have phone sex with the highest bidder and after living “like Gandhi, out of a bag,” Dykstra somehow managed to land himself a 12th-story penthouse in Westwood while waiting to come back. He was said to have “several” projects planned, gets cases of Red Bull delivered every day and has a personal assistant named Destiny. And best of all, he had his spirit back, telling a reporter that his new theme song (and financial situation aspiration) is “Billionaire” and his long term goals is to be on the cover of Forbes. In the short term? He was ready to go home.

And now that dream has been smashed to pieces.

CNBC has learned that the hilltop mansion inside Sherwood Country Club which Lenny Dykstra bought from Wayne Gretzky for $17.5 million has been sold in a foreclosure auction. The winning bid (perhaps the only bid) came from Index Investors, the “hard money” lender which loaned Dykstra around $600,000 before his finances collapsed. Index Investors’ attorney, Bruce Speiser, tells CNBC that Jeff Smith bought the home for a mere fraction of $25 million. In fact, he got it for close to the amount of money Dykstra owed Index, plus interest, between $600,000 and $700,000. However, Chase still has a lien on the property for its $12 million first mortgage. Speiser says Smith is working with Chase to come to terms whereby Smith would fix up the mansion and sell it, and both parties would share the profits. The bankruptcy court Trustee is also involved.

Index hopes to repair damage to the home blamed on Dykstra. Last year the former World Series great removed fixtures and flooring to show water damage to the property, demanding payment by Fireman’s Fund. The insurer has since agreed to pay for a portion of the cost to repair the mansion and another home Dykstra owned inside Sherwood.

That’s not even the worst part, which is that a bankruptcy court has barred Nails from coming near the manse. Now not only can he not move home, but can’t “keep an eye on things” with a pair of binoculars from across the street, or squat on the backyard.

Lenny Dykstra’s Mansion Sells At Auction [CNBC]

Article courtesy of Dealbreaker

Oh look, the Dow hit 11k. As this is marginally exciting news for at least one, perhaps two people, we’re going to play Call the Close. Closest without going over wins, and as a bonus question, please also guess how much Dealbreaker friend Gianna Beamers took in in tips last night. Nail both and you’ll score yourself a choice of one “idea dinner” with Lenny Dykstra or a series of lunches with Charlie Gasparino, who will read aloud to you from his new book.

Article courtesy of Dealbreaker

The last couple years have not been going, as they say, so good for Lenny Dykstra. He got thrown out of his house (but not before ripping out the bathroom fixtures and pissing on the wall), he filed for bankruptcy (representing himself in court, natch), and his he former friend, Jim Cramer, who nominated him for chairman of the Federal Reserve turned his back when times got tough. We never stopped hoping that things would get better for Nails, though. And it apparently, they have. Way better.

After living “like Gandhi, out of a bag,” Dykstra has somehow managed to land himself a 12th-story penthouse in Westwood. It’s there that he “plots a financial comeback,” the specifics of which of yet to be banged out but may include hawking old photos on Craigslist and working as a phone sex operator. He’s also said to have “several” projects planned, including bringing back the Players Club magazine, spends a lot of time “chugging Red Bull,” and has a personal assistant named Destiny. The best news, though, is that Nails has got his spirit back.

“I have been fighting my whole life,” Dykstra said. “That’s why I have a new theme song, dude, and I am going to play it for you.”

“I want to be a billionaire, so … bad, buy all of the things I never had,” he sang along, loudly and off-key, to the Travie McCoy song “Billionaire,” as it blared from his Bose computer speakers. “I want to be on the cover of Forbes magazine, smiling next to Oprah and the queen.”

Lenny Dykstra Envisions A Comeback [LATimes]

Article courtesy of Dealbreaker

I can think of one guy who loves this idea.

The suit accuses BB&T and Chase of breaches of contract and further accuses BB&T of fraud stemming from its allegedly false representations regarding Holyfield’s conveyance of a security interest in his property. Holyfield alleges that Stewart Title was negligent in failing to disclose the BB&T security deed. He also accuses Chase of negligent commencement of foreclosure based on an alleged demand that “overstates” the amount owed under the mortgage deed by more than $1.5 million. The complaint seeks treble damages from BB&T and Chase for “intentional, fraudulent conduct” that allegedly constitutes a violation of the Georgia Fair Business Practices Act. It also sees an injunction blocking the foreclosure sale of Holyfield’s property.

Holyfield has drawn attention several times in recent years as lenders sought to foreclose on his property, famously telling The Atlanta Journal-Constitution in 2008: “I’m not broke. I’m just not liquid.” Though the suit does not describe those efforts in detail, Holyfield claimed that Chase’s $1.3 million payment “spawned a chain of violations” of the mortgage deed, foreclosure laws, the Fair Debt Collection Practices Act and the Georgia Residential Mortgage Act.

Article courtesy of Dealbreaker