Mammoth estate is mortgaged for more than $120 million

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A mammoth estate in Greenwich, Conn., that was once owned by a cousin of Andrew Carnegie and was purchased by its current owners inĀ 1982 for $7.55 millionĀ is currently mortgaged for more than $120 million, The New York Times reported.

Listed on the market for $190 million, the estate is said to carry the largest asking price in U.S. history. In 2011, Bank of America initiated foreclosure on a portion of the property, but has dropped the case since then, according to The Times. Source: The New York Times