Posted 3/1/2010 12:00 am
Updated 2 years ago
More creditors are knocking on the door of Little Rock developer Steve Clary.
U.S. Bank of Minneapolis is pursuing a foreclosure action on his home in west Little Rock's gated Hickory Hills neighborhood. The bank holds a first mortgage that totaled $750,000 when it was originated in July 2001.
The residence also helps secure an open-ended mortgage of $583,700 held by Bank of America in Charlotte, N.C., and a July 2007 line of credit for $1.5 million with Centennial Bank of Conway.
Fourth in line is/was a $1 million claim by Waterford Investors LLC of Oklahoma City. This mortgage was given as collateral toward the repayment of a $6 million judgment the limited liability company landed against Clary on June 12, 2009.
Plains Capital Bank of Dallas recently registered a $1.6 million judgment against Clary dating from May 2009. The bank received a default judgment in Dallas after Clary missed a May 14 deadline to respond to the complaint.