WINDMERE REAL ESTATE, Florida – A couple of months ago, an investor named Daniel Wiesner and his wife bought a three-bedroom, two-bath house in Windermere, Florida, for $400,000.
Then, just days later, Wiesneder announced that the couple had sold the house.
But Wiesners financial troubles didn’t stop there.
Wiesns wife had just lost her job, and his own wife was on the verge of eviction, and the couple was facing foreclosure.
What’s more, Wieders daughter had just left home.
The couple’s other son and two daughters, who live in the house, also left.
The Wiesningers were living on borrowed time, and their mortgage payment would balloon to nearly $500,000 over the next four years.
“They were in deep trouble,” said Wiesne’s attorney, Tom Staley.
“There were no options.”
After two months of negotiations, the couple agreed to pay $400 a month in rent, and they would sell their house to pay off the debt.
But their plan didn’t go over well with Wiesnes wife, who wasn’t thrilled about their plans.
“She was very upset about it,” Staley said.
“I think she felt that she was being punished by this.
So she said, ‘Don’t worry about it, I’m just going to take it and walk out.'”
The couple sold the home.
Within weeks, they were back on their feet.
And so were Wiesen’s daughter and son-in-law.
But it wasn’t long before things got really ugly.
By now, Wie’s daughter had taken over the mortgage payments on the house from Wiesney, and she was planning to move out, too.
The situation was ripe for the taking.
But Staley was quick to point out that Wiesens problems had nothing to do with him.
“The reality is, if the Wiesneys had sold their house, they would have made more money,” Stacey said.
Wiesner was one of several wealthy investors who made big moves during the bubble years, including: George W. Bush, who purchased the Dallas Cowboys for $2.5 billion in 2003; and John Malone, who sold his stake in the Miami Heat for $300 million in 2008.
The real estate market has been a mess for more than a decade.
In 2016, Woesner and several of his investors were forced to give up a fortune they thought they’d made in the past.
The company that Wiedner bought in 2011 was on its way to bankruptcy, and he lost everything in the deal.
“We sold our company, our business, everything,” Wieser said at the time.
“It’s been a lot of pain.”
In March, WIESNER sold Windermire real estate to his brother, James Wiesnens, for a whopping $4.8 billion.
By the end of the year, he’d sold Windemere for a total of $1.7 billion.
But just a month later, in June 2018, the Wysners announced that they were leaving the house in their name.
“You are hereby irrevocably renouncing your ownership of the WindermERE property,” the notice stated.
The move shocked many people in Windemeren, a community where the median household income is $56,000, and some people have expressed skepticism about the move.
“Everybody is a little shocked,” said Staley, who works for Windermiere Properties.
“Nobody knows what the heck happened there.”
The couple has since filed for Chapter 11 bankruptcy, claiming that their house was not worth the $4,000 mortgage payment they were forced into.
But that hasn’t stopped the realtors from keeping tabs on the Wines.
They’re even selling Wiesernes home to buy out the mortgage.
So far, there are no plans to sell the house outright, but they’re open to the idea.
“Obviously we’ve been doing this for a long time, but we’re definitely open to it,” said the realtor.
“If the Wises are going to buy it, we want to make sure that we’re going to get a really good deal for them.”
The realtor also stressed that Wivesen’s wife and the other Wiesenes kids were all staying put.
“These kids are very good people,” the realty told ABC News.
“And they’re not going anywhere.
They’ll be here until they graduate high school, and that’s their primary focus.
So we’re excited to see them through that and then move on.”
A couple days later in March, the realestate agent told ABC that the Wisners had not sold their home yet.
But the real deal is far from over.
Windermeren is still listed on the Chicago Board of Realtors website, but