A North Carolina bank is suing to collect nearly $1 million former NFL star Warren Sapp borrowed for a lot in an exclusive mountain residential development near Asheville. HomeTrust Bank of Asheville contends in its lawsuit filed earlier this month that Sapp owed a principle of $989,000, plus $70,000 in interest and late charges as of June. The bank says Sapp's last payment was in February. Sapp borrowed $990,000 in 2007 to buy property in Horseshoe Forest Preserve, which was marketed as having just 12 home sites on 150 acres. An attorney for Sapp, Christopher Lyons of Miami, would not talk about the lawsuit Thursday. Source: Associated Press
If I only paid off $1k of principal in 3 years, I would prolly just drop that loan too. What a bunch of scumbags these bankers are!
