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For another, they say, he has defaulted on the mortgage.
The insurance company in the case has a judgment against Mr. Kress for $1.8 million, and he has defaulted, the law enforcement official said.
Mr. Guccione put up the parcels as collateral for a $14 million loan he obtained from Kennedy Funding four years ago, on which he has defaulted.
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Selig found it easy to push Tom Hicks to sell the Rangers because he had defaulted on $525 million in loans to the Rangers and the Dallas Stars.
He had defaulted on his mortgage a few years earlier, and is unable to get a credit card or an overdraft from his bank.
The critic Lee Siegel, in a much-discussed recent piece in the Times, defiantly admitted that he had defaulted on the debt he'd accumulated on his way to an Ivy League education.
Equity first gave the mortgagor a right to redeem the land by paying the amount that was owing, even after he had defaulted on the debt, so long as he did so within a "reasonable time".
In January SL Green Realty Corp. foreclosed on a Sapir-owned 1-million-square-foot building in Manhattan's financial district after he had defaulted on loans of at least $85 million.
Germany "doesn't want its banking sector to go under because Greece has defaulted," he said.
No state has defaulted since 1933.
The foundation says no group of borrowers has defaulted.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com