Top foreclosure lawyer testifies she sold her 11,439-square-foot house to defend fraud allegations
Prosecutors say millions were needlessly charged to homeowners, banks and taxpayers
One of Colorado’s top foreclosure lawyers on Tuesday tearfully described being forced to sell her multi-million-dollar home in Centennial — “The house I thought I would die in” — in order to pay lawyers defending her and her firm against a state lawsuit alleging they saddled struggling homeowners with millions in concocted costs.
In a twist of irony, Caren Castle — whose Castle Law Group helped foreclose on thousands of Coloradans during the height of the mortgage crisis — testified that the costs of defending herself and her lawyer husband, Larry Castle, against the state’s four-year investigation and ensuing lawsuit pushed her to sell their palatial 11,439-square-foot home “for much less than I thought I’d sell the house I thought I would die in.”
The three-story, seven-car-garage home in the town of Foxfield in eastern Arapahoe County is replete with a fully equipped gymnasium and an outdoor pool with tennis courts on 2 acres of land and sold in November 2016 for more than $2.4 million, records show.