Rodney P. Hunt won’t be losing his $23 million McLean mansion. At least not this week.
The 20,000-plus-square-foot home was scheduled to be sold at a foreclosure auction Thursday morning on the steps of the Arlington County Courthouse. On Wednesday evening, Tranzon Fox, the auction house, canceled the sale. David K. Lowry, an executive vice president for the auction house, would not comment on the reason.
Hunt’s Potomac River home is the most expensive property in the Washington region to enter some stage of foreclosure since the housing market crashed in 2007. The entrepreneur owed more than $9.4 million to Bank of America, public records show, for money borrowed against the house, which was once featured on MTV’s “Teen Cribs.”
Sources familiar with the situation said Hunt was able to convince the bank that he can make payments on the loan. Hunt could not be reached for comment.
Hunt, 51, co-founded RS Information Systems, which was one of the country’s most successful black-owned government contracting firms before he sold it five years ago to Wyle, a California aerospace engineering company.