Rezko mansion sells for $2.8 million at auction

The suburban Chicago mansion of a convicted fundraiser for former Gov. Rod Blagojevich has been sold for $2.8 million.

Bank of America was the sole bidder Monday for the sprawling Wilmette estate that once belonged to Tony Rezko. The bank had foreclosed $5.9 million on the property in May.

An attorney for the company that conducted the auction says the next step is for a court to confirm the sale.

Rezko frequently hosted fundraisers at the estate. He held one in 2003 for a young candidate then seeking a U.S. Senate seat. The candidate's name was Barack Obama.

Rezko was convicted last year on fraud charges for squeezing campaign contributions for Blagojevich from companies seeking state business. He is awaiting sentencing.