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CU System
Greylock FCU offers financing for Edith Wharton home auction
KANSAS CITY (7/14/09)--A Pittsfield, Mass., credit union is offering financing for four of five luxury condominiums that used to be American Pulitzer Prize-winning novelist Edith Wharton’s former summer home, known as Pine Acres. The condos were put up for auction Saturday. The condominiums, located in Massachusetts’ Berkshire Hills area, are now referred to as The Gables and range in size from 2,000 to 3,000 square feet (PR-inside.com July 5). As depicted in many of Wharton’s novels, including :The Age of Innocence” and “Ethan Frome,” the grandiose lifestyles of the wealthy were a cornerstone of the Berkshires in the 19th century. Online bidding for the auction was provided by Proxibed, and financing options are available through Greylock, a $1.127 billion-asset credit union and United Country Home Mortgage. Owners of the individual condominiums put them up for sale themselves, so it is not known if any were sold during Saturday’s auction, Lisa Trybus, Greylock vice president of mortgage origination, told News Now. So far, no one has applied for financing for any condo purchases through the credit union, she added.
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