Foreclosed Couple Refuses To Vacate Historic $5M Bayfront Estate; Continues Pocketing Cash For Renting Premises Out For Weddings, Receptions

In San Diego, California, KGTV-TV Channel 10 reports:

• Residents in a Point Loma neighborhood are angry over the way a historic home that has been foreclosed is being used. The Bowman-Cotton House, a $5 million estate which dates back to the 1920s, overlooks San Diego Bay and is located at the foot of Nichols Street.

• For many, the home is a dream wedding location thanks to its stunning views and spacious layout. However, the house has been foreclosed upon and the new owner can't move in. Weddings and receptions are being planned for the house, but they may never happen there.

• Todd and Stacy Sabin lost the house to foreclosure and legally have no right to rent it out for special events. The city of San Diego issued a cease-and-desist order, and the issue has now made its way to court.

• Attorney Grant Teeple represents the home's new owners and told 10News, "The city's told them, 'You can't have events and weddings.' They're selling that to people who have no clue, who go on the website, put down $5,000, $10,000, $15,000 deposit. [And] they're going to show up and find they can't have the event there. My predication is they won't be able to refund the money and won't be at the property."

For more, see Neighbors Upset With Events Held At $5M Point Loma Home (Home Was Foreclosed Several Months Ago; Ex-Owners Accused Of Renting Out Home For Weddings).

For story update, see City's Order On Pt. Loma Home Forces Couples To Alter Plans (Several Couples Told 10News They Are Looking For New Wedding Venue Due To Decision):

• Couples who booked their weddings at a luxurious Point Loma home may have to find a new venue quickly following a city decision regarding the multi-million dollar property. Prospective brides and grooms and their families were shocked and worried that their weddings may not happen as planned after the city of San Diego shut down the almost weekly rentals at the historic Bowman-Cotton House due to complaints from neighbors.