Oh dang, Tisha Campbell Martin and her hubby Duane are being sued by their mortgage company, City National, over a seriously past due house note. Um, they owe something around $430K.
TMZ says Duane took out a $625K home equity loan in 2008 on a waterfront property in Lake Arrowhead, Calif.
But it wasn’t a smart move ’cause they were still in debt at least $730,000 on their mortgage. It was totally irresponsible because they defaulted on both loans and suffered a foreclosure on the home, which sold at an auction for $925k.
According to their rep, the bank received a $400 million government subsidy in 2009 to help families like the Martins through the mortgage crisis.