Lawyer says he was ‘manic’ when he bought Cape Cod mansion in danger of falling into ocean
A retired lawyer is suing to void his mortgage on an endangered Cape Cod home he claims he bought in a manic state. (Getty Images/ Raja J)
A retired lawyer who bought a $5.5 million Cape Cod mansion that was in danger of toppling into the ocean says he shouldn’t have to pay his mortgage because he was ‘manic’ when he bought it.
John G Bonomi Jr., 66, purchased the 5,817-square-foot, five-bedroom, seven-bathroom mansion in 2021. It was built in 2010 on top of a narrow coastal bank between Cape Cod Bay and Wellfleet Harbor, reports MSN.
Bonomi bought the home despite well-publicized reports about catastrophic erosion threatening the residence, according to his lawsuit filed in the United States District Court for the Southern District of New York.
The home has since been demolished to ‘prevent it from collapsing into the ocean,’ the complaint said. Bonomi, who owes $3,850,000 on his mortgage, is suing JPMorgan Chase to void the note.
He alleged that ‘no rational person’ would have purchased the home and claimed he was ‘acting under an uncontrollable manic psychosis’ at the time of the sale, the filing said. Chase, in its response to Bonomi’s complaint, has denied the allegations.
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