“The foreclosure [listing] was a complete surprise to us.”
~
Senate banking chair has property in foreclosure
The chairman of the state Senate Banking Committee, already the subject of lawsuits over a failed bank and bank debt, could lose a Forsyth County property to foreclosure.The chairman of the state Senate Banking Committee, already the subject of lawsuits over a failed bank and bank debt, could lose a Forsyth County property to foreclosure.
State Sen. Jack Murphy, R-Cumming, owns a one-acre tract along Tribble Gap Road in downtown Cumming that has been listed for foreclosure on July 5, according to a legal notice published earlier this month in the Forsyth County News.
The loan was originally issued for about $228,000 by Integrity Bank of Alpharetta, which failed in 2008 and where the senator was once a director. Investors later bought the loan.
Check out the rest here…
~
No Comment