Thursday, 2 June 2011

Orange County Choppers

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Orange County Choppers:Today News Orange County Choppers facing foreclosure on an upcoming episode of its reality series "American Chopper. In November, the Times Herald Record, the lender behind the OCC headquarters in Newburgh, New York, filed a foreclosure action against the reality star. From Chopper next week "American Vs principal. Junior Paul Teutul Sr. has shown dealing with the news. Richard Mahon, Choppers lawyer, told the newspaper in November that his clients stopped making payments to pressure the lender to modify the terms of the loan, since the value of the building has changed in the recession. According to the dossier Times Herald, Orange County Choppers have two mortgages by GE Commercial Finance Business Property One Corp. for $ 11 million and the other is 1.5 million. Foreclosure action in November said OCC missed payments $ 96,400 and $ 14,000. They should first of July. This is just a bump in the road, "said Mahon folder. We believe that the parties reached a settlement and continue the siege of the city.

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