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Another Deadbeat, Mortgage-Defaulting Politician
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Yep, we’ve got another deadbeat, defaulting politician on our hands. Guess how many paragraphs you have to read before her political affiliation is revealed? Hint for those who don’t have the time to dig deep down to find it: She’s a member of the same party to which deadbeat, defaulting Congresswoman Laura Richardson belongs. Via the Wilmington (NC) Star News:

State Sen. Julia Boseman and her former domestic partner have defaulted on a $1.3 million mortgage on a house in a ritzy subdivision near the Intracoastal Waterway.

The house is now expected to be sold at public auction later this month after Boseman and Melissa Jarrell, the head softball coach at the University of North Carolina Wilmington, failed to pay months’ worth of bills on the loan from Regions Bank.

Boseman and Jarrell, who lived together and were raising a son before separating, had the mortgage on the house at 1526 Portsmouth Place in the Avenel Subdivision just across the bridge from Figure Eight Island.

According to evidence presented Wednesday at a hearing in New Hanover County Superior Court, Boseman and Jarrell hadn’t made the $7,156 monthly payments on the house since Aug. 1, 2007.

The current principal balance owed to Regions Bank is $1,249,000, according to the court records. With interest and other fees, the total owed as of April 21 was more than $1.3 million.

According to online New Hanover County tax records, the couple purchased the property in June 2005 for $1,350,000. More than $4,700 in New Hanover County property taxes are also owed on the property, according to county tax records.

Paying your mortgage and taxes on time is for chumps.

(Republished from by permission of author or representative)
• Category: Ideology • Tags: Subprime crisis