Burrito shop owner who got $150,000 in state aid had $728,000 in debt

... Morgan Chase began the process of foreclosing on a $417,000 loan he obtained in 2008 to buy a seven-room home in Fairfield but on which he had not made payments. By the time the court granted the foreclosure in May 2013, he owed the bank $482,000. ...



via Fairfield Newswire http://www.theday.com/article/20140124/NWS01/301249919/1069/rss