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[FONT=Times New Roman][COLOR=#000000]By now most individuals are aware of the slew of scandals coming from former [/COLOR][/FONT][FONT=Times New Roman][COLOR=#000000]Kentucky Agricultural Commissioner Richie Farmer’s time in office. And though the thought of [/COLOR][/FONT][FONT=Times New Roman][COLOR=#000000]Richie trying to peddle a fax machine in a back alley somewhere is sure to draw a laugh, the [/COLOR][/FONT][FONT=Times New Roman][COLOR=#000000]reality of the situation is far from funny.
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Last month First National Bank of Manchester filed a foreclosure lawsuit on [/COLOR][/FONT][FONT=Times New Roman][COLOR=#000000]Richie’s Frankfort home…today there is a “for sale by owner” sign in the front yard. According [/COLOR][/FONT][FONT=Times New Roman][COLOR=#000000]to Jack Brammer of the [URL=”http://www.kentucky.com/2012/06/06/2214871/facing-foreclosure-suit-richie.html”]Lexington Herald-Leader[/URL], master commissioner for Franklin Circuit Court, Charlie [/COLOR][/FONT][FONT=Times New Roman][COLOR=#000000]Jones, says this is a typical response made by defendants.[/COLOR][/FONT]
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“It’s not unusual for defendants in a foreclosure suit to try to sell their property [/COLOR][/FONT][FONT=Times New Roman][COLOR=#000000]on their own before the master commissioner has to sell it at a foreclosure sale.”
[/COLOR][/FONT][FONT=Times New Roman][COLOR=#000000]Farmer’s wife, who filed divorce earlier last year, is also listed on the suit. The couple [/COLOR][/FONT][FONT=Times New Roman][COLOR=#000000]owes over $300,000 on their mortgage which hasn’t been paid since January 2011. If the house [/COLOR][/FONT][FONT=Times New Roman][COLOR=#000000]sells but does not bring in enough to pay the debt they could still face a court order that would [/COLOR][/FONT][FONT=Times New Roman][COLOR=#000000]force them to pay the remainder.
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