Martin Star Sued Over Home Loan
. According to legal docs obtained by TMZ ... Tisha and Duane (an actor who starred in the ill-fated "Paul Reiser Show") took out a $625k home equity loan on a slick waterfront property in Lake Arrowhead, CA . However, at the time of the loan the couple still owed more than $730,000 on their mortgage to ANOTHER financial institution -- Aurora Bank. Long story short -- Tisha and Duane allegedly defaulted on BOTH loans. Earlier this year, Aurora foreclosed on the home ... and according to the docs, the bank sold it at auction for $925k. Aurora got paid first ... and sent the remaining $192k to CNS to partially satisfy the home equity loan, which had already ballooned to $633,119.52. City National is now going after Tisha and Duane for the balance ... plus interest. But Tisha and Duane are amgry -- a rep for the couple tells TMZ ... CNS is just trying to "bully" them for money they shouldn't have to pay. The rep points out that CNS received a $400 million government subsidy in 2009 to help people like the Tisha and Duane through the mortgage crisis ... and says, "In this case City National refused to share the significant benefit that they received with the Martins." The Martins are now threatening legal action against the bank -- claiming the bank discriminated against them. When asked about the nature of the alleged discrimination, the rep would not elaborate. more on this story TMZ submitted this story.
...end |
On the Blue: New Horizons Cruise Days 4 & 5: Starship Lands on the Pearl, Alan Parsons Takes It Home
Kandace Springs - Run Your Race
On the Blue: New Horizons Cruise Day 1: Marbin Gets the Fun Started
Hot In The City: Prog Band Tu-Ner Coming to Phoenix
Slipknot To Play Rare Intimate Venue Show This Week
Deep Purple Announce New Album '=1'
Howard Jones, ABC And Haircut 100 Taking Fans Back To The 80s This Summer
Veil Of Maya and Brand Of Sacrifice Lead Summer Slaughter Lineup
Watch Sebastian Bach's '(Hold On) To The Dream' Video
Kittie To Rock North American Headline Dates
Billy Corgan's Adventures in Carnyland TV Series Premiere Announced
GHOSTxSHIP Releasing First New Music in 10 Years