The foreclosure auction on Twin Cities-based pianist, Lori Line's Lake Minnetonka house didn't happen as scheduled on December 12 at the Hennepin County Sheriff's office. Line, who has been on the road performing on her annual holiday tour, posted a "personal note" on her website saying that the sale was cancelled, and that she was grateful for the outpouring of love and support from her fans.
Line's nearly 10,000 square-foot house is still listed for nearly $4 million; Tim Line said that the recession has been tough for the performer and that family is downsizing because their two kids are grown and no longer at home.
Late last month, the custom builder that built Line's home and several other upper-bracket suburban houses, Keith Waters, filed for Chapter 7 protection. That filing listed between 100 and 199 creditors, assets of of $0 to $50,000 and liabilities of $1 to $10 million.
