Advertisement

Archive for Monday, August 29, 2011

Bank withdraws foreclosure lawsuit against Douglas County Sheriff Ken McGovern’s home

August 29, 2011

Advertisement

A foreclosure proceeding initiated in July involving the west Lawrence home of Douglas County Sheriff Ken McGovern has been resolved, according to Douglas County District Court records.

Douglas County District Judge Michael Malone dismissed the foreclosure case filed by U.S. Bank on Aug. 16, at the request of the bank. McGovern said in July after the civil suit was filed that he and his wife, Rebecca McGovern, were working on resolving the matter with the bank after he said his wife’s small business, a Lawrence salon and spa, was struggling due to the tough economic times. The situation had affected the family’s finances, he said.

In 2010, 110 of 336 property owners were able to resolve foreclosures after a sale had been scheduled, according to numbers from the sheriff’s office, which is in charge of the sales.

McGovern said he had no comment on the matter Monday.

Comments

rukidingme 2 years, 11 months ago

This just shows the Sheriif is a human just like rest of us. Give him a break LJW. Find something else to make news about. Today is hard times at least he worked things out with his bank. unlike many others Banks such as Benifical or also known as HSB won't work with customers. All they want is to kick familys to the street and let the house set empty. LJW why don't you investigate Benifical you will find out what a scam they are and report that to the public.

0

Ron Holzwarth 2 years, 11 months ago

I think that rukidingme has a good point.

Although there has already been quite a lot of national coverage of a few lending institution's somewhat unethical methods of dealing with homeowners that are in financial trouble, some input from local people who have had problems, or have resolved such issues, would be interesting.

I'm sure that there are many cases of banks going to extreme lengths to keep homeowners out of foreclosure, and we never seem to read about those.

Reading about some people who have gone through financial difficulties and then had good experiences with working out an arrangement with their lending institution would be of interest to many who are considering purchasing a home.

I think it's quite possible that many people only consider the interest rate when obtaining a mortgage, and don't really think about what might happen if things go bad.

It might be worth paying a slightly higher interest rate in order to work with a bank that has a history of good service to those who have temporary financial problems.

A mortgage is a very long term arrangement, and it is very difficult to refinance after you're in financial trouble.

0

bornon7 2 years, 11 months ago

Give ME a break!! If you make a great salary, which he does, and they choose to spend more than they make, which they DO, then it's their problem! You shouldn't buy what you can't pay for. Oh...then file bankruptcy and screw all the people you owe, Shame on them for getting in this position in the first place. They are grown adults. Act like it.

0

colicole81 2 years, 11 months ago

This comment was removed by the site staff for violation of the usage agreement.

0

femmefatale 2 years, 11 months ago

Bornon7 you are absolutely correct she lives above and beyond their means. The business is Not what's bankrupting them. There is a lot to be said about karma.

0

urinal_world 2 years, 11 months ago

so im guessing you see their bank statements, checkbooks, and know exactly when and how she spends their money since you know "she lives above and beyond their means."

0

cato_the_elder 2 years, 11 months ago

Gandalf, that's the first common-sense post you've ever submitted.

0

Richard Heckler 2 years, 11 months ago

There are several ways in which the Bush family plays into the Savings and Loan scandal, which involves not only many members of the Bush family but also many other politicians that are still in office and still part of the Bush Jr. administration today. Jeb Bush, George Bush Sr., and his son Neil Bush have all been implicated in the Savings and Loan Scandal, which cost American tax payers over $1.4 TRILLION dollars (note that this is about one quarter of our national debt).

Between 1981 and 1989, when George Bush finally announced that there was a Savings and Loan Crisis to the world, the Reagan/Bush administration worked to cover up Savings and Loan problems by reducing the number and depth of examinations required of S&Ls as well as attacking political opponents who were sounding early alarms about the S&L industry. Industry insiders were aware of significant S&L problems as early 1986 that they felt would require a bailout. This information was kept from the media until after Bush had won the 1988 elections.

Jeb Bush defaulted on a $4.56 million loan from Broward Federal Savings in Sunrise, Florida. After federal regulators closed the S&L, the office building that Jeb used the $4.56 million to finance was reappraised by the regulators at $500,000, which Bush and his partners paid. The taxpayers had to pay back the remaining 4 million plus dollars.

Neil Bush was the most widely targeted member of the Bush family by the press in the S&L scandal. Neil became director of Silverado Savings and Loan at the age of 30 in 1985. Three years later the institution was belly up at a cost of $1.6 billion to tax payers to bail out.

0

Ron Holzwarth 2 years, 11 months ago

I knew right off that merrill's posting was a clip from somewhere, because there's not a single spelling or grammatical error in it.

I think I know where he found it. It's a portion of this:

http://www.parsec-santa.com/words/emailcirculate_2.html

0

Flap Doodle 2 years, 11 months ago

merrill's not so good at that attribution thing. Plagiarism is killing the planet!

0

Ron Holzwarth 2 years, 11 months ago

"Copy from one, it's plagiarism; copy from two, it's research." - John Milton

0

Ron Holzwarth 2 years, 11 months ago

"Fine words! I wonder where you stole 'em." - Jonathan Swift

0

Flap Doodle 2 years, 11 months ago

We all know how much you miss President Bush, merrill. You need to moveon with your life now.

0

Steve Jacob 2 years, 11 months ago

Agreed. Everyday it gets harder and hard to blame Bush for stuff, and I don't like him either.

0

Ron Holzwarth 2 years, 11 months ago

I wonder why you asked those questions. Maybe because you had hoped to purchase it at the foreclosure auction? There are plenty of other houses for you to consider bidding on.

If I were in Mr. McGovern's position, I would consider the answers to be far too personal to be announced in a forum that is so public.

Besides, he and the bank have now resolved the issue, so the matter is now closed.

0

InspectorJo 2 years, 11 months ago

Bornon7,

Really, really...I believe that it is a known fact that the more you make the more you spend. The only true statement in your post is when you said "it is their problem". You are correct on that one...it is their problem and no of YOUR business. Now go bash someone else that is down on their luck, oh ya Obama's Uncle just got arrested for a DUI and is in jail, that should keep you busy for a while. So sad that you are not happy in your life.

0

bornon7 2 years, 11 months ago

This comment was removed by the site staff for violation of the usage agreement.

0

Ron Holzwarth 2 years, 11 months ago

"it is a known fact that the more you make the more you spend."

That may be true in many cases, but I know there are exceptions. But, it is true that many people who have a high income certainly do like to let everyone know all about it.

I personally know someone who had an income of about $350,000, and usually more, per year for several years, and he and his wife loved to let everyone know all about it. And for everything they bought, they told everyone how much it had cost.

And then he lost his job, and found himself $750,000 in debt. He had to sell his $75,000 sports car for only $25,000, and he had owned it for only five years!

And, a couple other families I know are worth millions of dollars, but you certainly have to know them very well before you realize that.

The bottom line is, the exceptions to your "known fact" are the people who later become wealthy.

0

Ron Holzwarth 2 years, 11 months ago

Here's how he did it: For every dollar of income, he used credit to spend $1.25. With an income of $350,000, you can do that on a grand scale.

0

Mugg_Shots 2 years, 7 months ago

Yea,h right after that Mcgovern fired me for giving an inmate an inhaler who was having an asthma attack! I am an insurance liabilty. If you want to do wrong and go to candyland, Douglas County jail is the place for you. I guess the four years and getting my nose broke, and saving a guys life on K-10 (which I was never even thanked for by my POS superiors) was all for naught.

0

Commenting has been disabled for this item.