Louis Telerico was ordered evicted from the 17,000‑sq‑ft mansion at 545 Bristol Drive in Aurora, Ohio, by a magistrate on July 2026—after a 15‑year legal saga that began with a foreclosure filing by Bank of America in August 2011.
The case survived a decade of appeals and bankruptcy filings; the Ohio Court of Appeals upheld the sale in December 2025, confirming that the property had been transferred to Bank of America via a sheriff’s sale in January 2025.
In July 2026, the investment firm ERADAL bought the estate for just over $3 million and issued a three‑day notice to vacate after Telerico remained in the home, citing extensive roof damage and overgrown grounds.
ERADAL has already begun clearing trees and assessing structural damage while preparing for future improvements, indicating it is ready to take full control if a buy‑back deal does not materialise.
Telerico’s attorney said negotiations are underway that could allow the former owner to purchase back the property, contingent on securing financing—an outcome that would reverse a foreclosure that has spanned more than a decade.
The next move hinges on whether Telerico can secure the necessary funds; if not, ERADAL is poised to restore the mansion to a market‑ready state by early 2027.