Okay, I had this story emailed or IM’d to me by about half a dozen people over the weekend, so I guess I’d better at least mention it :^)
Stephen Rotella, who was president and chief operating officer of Washington Mutual when it failed last month after being battered by mortgage losses, is wading into the housing market as a seller. He’s hoping to sell his home on Capitol Hill for $6.25 million.
County records show he and his wife, Esther, paid $3.78 million for it in June 2005, a few months after Rotella arrived in Seattle.
I suppose without a major bank president job, it might be hard to keep paying the mortgage on a place like that. I think he might be just a little optimistic on the price, though.
Update: Dan Savage of The Stranger rode by and shot a pic of the front of the house.