What I want to now know is how this happened extremely fast when there is thousands trying to work out the same? In my recent post I wrote about this controversy in which I question the validity of Deutsche Bank’s standing…
Foreclosure case against two Fla. candidates dropped
Deutsche Bank files, dismisses suit with Marco Rubio and David Rivera over mortgage
Katherine Concepcion • Staff Writer • June 28, 2010 Tallahassee.com
A 1,228-square foot home off Apalachee Parkway was the subject of recent controversy within the Florida political scene.
On June 14, the Deutsche Bank National Trust Company initiated a foreclosure filed in the Leon County Circuit Court against Marco Rubio and David Rivera, owners of the property in question. The lawsuit has since been dropped; a notice of voluntary dismissal and release of lis pendens was filed on June 23.
The Law Offices of Marshall C. Watson, who represented Deutsche Bank, declined to comment.
Rubio, former Speaker of the Florida House of Representatives, is running for the Republican seat currently occupied by George LeMieux in the U.S. Senate. Rep. Rivera, who serves District 112 of the Florida House, is campaigning as a Republican Congressional candidate in Florida’s 25th District. The two men purchased the house for $135,000 in 2005. The property is currently under contract pending sale.
Rivera delivered a cashier’s check for $9,525 to the plaintiffs on Thursday, June 17, prompting Rubio spokesperson Alex Burgos, who did not return calls for comment, to issue a statement that the men “took action right away to get this [matter] resolved.”
Court records reveal a debt of around $136,000 on the property, including late charges and accumulated interest. Mortgage payments had not been made since February because of an alleged dispute over how the adjustable rate mortgage would be calculated once the interest-only period expired.
This is not the first financial battle Rubio has been embroiled in.
During his tenure as House speaker, Rubio was questioned about his failure to disclose receiving a $135,000 home-equity loan, and charging $16,000 in personal expenses, including grocery bills and car repairs, to a Florida GOP credit card.
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