|
|
Article: PARK CO-OWNER LOSING HOME TO FORECLOSURE.(Local News)
- Article from:
- The Santa Fe New Mexican (Santa Fe, NM)
- Article date:
- February 27, 2009
CopyrightCOPYRIGHT 2009 The Santa Fe New Mexican. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: TOM SHARPE
Venture capitalist Charles Kokesh could be losing his east-side residence as well as his polo grounds southwest of Santa Fe.
On Thursday, a judge agreed to allow a foreclosure sale of Kokesh's home at 708 Camino Corrales in seven weeks.
According to a complaint filed by Thornburg Mortgage Home Loans Inc. last year, Charles R. and Marla Gokee Kokesh took out a $3.9 million adjustable-rate mortgage with an initial interest rate of 6.875 percent on June 19, 2006.
By Oct. 31, 2008, it says, the Kokeshes still owed the full principal of $3.9 million and were unable to keep up with the payment schedule.
Santa Fe ...