Foreclosure auction for Carlos Uresti’s San Antonio-area mansion called off
The Helotes mansion owned by felon and former state Sen. Carlos Uresti won’t be heading to Tuesday’s foreclosure auction, after all.
The foreclosure of the 8,100-square-foot estate at 15530 Spur Clip has been canceled, according to Brian Engel, an Austin attorney for the trustee who was going to conduct the sale. Engel had no additional information.
Daryl Fields, a spokesman for the U.S. attorney’s office, confirmed the foreclosure has been canceled. A sale of the property to an undisclosed party is expected to be completed this month, he said.
A mortgage servicer for Security Service Federal Credit Union on Jan. 14 had posted the property for foreclosure. The property was slated to be sold outside the Bexar County Courthouse.
Security Service had loaned $1.2 million to Uresti and his now-estranged wife, Lleanna, in 2014. The loan was secured by the property.
Uresti on Sept. 14 had received court approval to sell the mansion, about a week after receiving an offer. The mansion, which features six bedrooms and six full bathrooms, is listed for $1.5 million on Realtor.com.
Uresti has been trying to sell the property after his conviction nearly a year ago on 11 felonies in connection with his involvement in FourWinds Logistics, a now-defunct oil-field services company that defrauded investors.
The longtime San Antonio Democrat was sentenced to 12 years in federal prison and ordered to pay $6.3 million in restitution. He has been free on bail pending his Feb. 12 sentencing in an unrelated bribery case out of Reeves County in West Texas.
Uresti in October pleaded guilty to a single bribery conspiracy charge, which carries a maximum sentence of five years in prison. As part of his plea, he agreed to drop the appeal of his conviction in the FourWinds case. Prosecutors have said they will recommend that Uresti serve his two sentences concurrently.
A court order issued following Uresti’s conviction in the FourWinds case barred him, his friends and family, and others from disposing of any of his assets without a judge’s approval.
Prosecutors asked for the order after alleging Uresti was selling furniture, statues and artwork, which they said could hinder Uresti’s victims’ ability to recover their losses.
Patrick Danner is a San Antonio-based staff writer covering banking and civil courts. Read him on our free site, mySA.com, and on our subscriber site, ExpressNews.com. | email@example.com | Twitter: @AlamoPD