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So a Democrat is coming back to the White House and it is for sale again?

Not in the way it was in the Clinton days, but a replica of the President’s residence is for sale in DeKalb County, Georgia. The owner is a builder and like most builders is over exposed and in deep trouble. With a lender threatening foreclosure on the home, he has placed his replica White House on the market for just under 10 million dollars to stay afloat.

The 16,500 square foot home is pretty cool, I have driven by it before and did a double take. Oh, and don’t expect your real estate agent to be able to get a tour just off the street. The owner is requiring verification that you can afford the home before you get the tour.

Owner Fred Milani, a builder of luxury homes, has 10 finished houses in the area waiting for buyers, and a lender has threatened foreclosure. He needs money.

So he’s put his home of seven years, the White House, on the market for $9.88 million, the 12th most expensive listing in metro Atlanta. DeKalb’s valuation is much less — $2.8 million.

“I believe in Jesus. He’s always blessed me, and at the last minute he’ll come rescue me,” Milani said Thursday.

The local White House is less than one-third the size of the real thing, but at 16,500 square feet it’s a giant in the neighborhood.

Milani lives near the Clairmont Road/I-85 intersection where traditional ranch homes are giving way to big multistory dwellings. The 57-year-old native of Iran appeared last year on the television show “Nightline” to weigh in on the controversy over McMansions, which critics say is Milani’s specialty.

He last sold a house in September. The construction-loan interest on those 10 empty houses — their average price is $1.3 million — is costing Milani more than $50,000 a month, ReMax agent Shawn Ghiai said. via ajc.com.

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