As the property-title law firm he formerly managed is fighting for its life in bankruptcy court, a luxury condominium once owned by Nathan (Nat) Hardwick and allegedly purchased with ill-gotten gains is about to be auctioned off after the property was foreclosed on.
Hardwick, the former managing partner of Morris Schneider Wittstadt and former CEO of LandCastle Title, purchased the condo, located at The Residences at The St. Regis Atlanta, in February 2013. Last year, Hardwick’s former firm sued him for allegedly embezzling $30 million from the firm’s accounts and the accounts of the firm’s subsidiary, LandCastle Title.
In the suit, the firm said that Hardwick used funds he embezzled from the firm’s accounts to fund an extravagant lifestyle, including a portion of the $3 million St. Regis condo.
Now, the St. Regis condo is set to hit the auction block Tuesday, according to Georgia public records.
According to various real estate listing sites, the condo, unit 1820, is currently listed at $2.95 million.
Per one site, the condo is an “incredible opportunity,” with a price tag that makes it the most affordable home in the St. Regis residences.
The condo is a former model home and features “the most beautiful finishes, including marble foyer, herringbone hardwood flooring, handsome gentleman's study, wine closet, true chef's kitchen with La Cornue oven/range, SubZero fridge, gorgeous marble countertops and wood beamed ceiling.”
The condo also boasts a “gracious master suite with stunning marble bath and oversized custom closet,” as well as a private elevator with direct foyer access.
Despite being in foreclosure and set for auction Tuesday, the condo is listed on the website of Atlanta Fine Homes Sotheby’s International Realty.
According to Georgia public records, the lender on the property is First Landmark Bank, which maintains “full authority to negotiate, amend, and/or modify all terms” of the security deed.
“The debts secured by said security deed have been and are hereby declared due and payable because of, among other possible events of default, failure to timely make payments when due,” the auction notice states. “The debts remaining in default, this sale will be made for the purpose of paying the same and all expenses of this sale, including attorneys' fees.”
The auction is set to take place Tuesday, “within the legal hours of sale.” The auction will take place at the Fulton County Courthouse, and the condo will be sold to the highest bidder for cash.
(Images courtesy of Atlanta Fine Homes Sotheby’s International Realty)