- By David M. Kinchen, with information from RealtyTrac
CitiMortgage, the mortgage arm of Citigroup, is suing Steven and Ileana Lochte in order to foreclose on their Port Orange home, which is south of Daytona Beach, Fla, in Volusia County. The bank is seeking to recoup $250,000. The Lochtes divorced in February 2011, after 36 years of marriage.
According to RealtyTrac, the Lochtes have two mortgages on their Brookside Drive home. The first mortgage was issued in February 2007 by Bestway Mortgage Company for $258,000. In May 2007, Wachovia Bank (which was taken over by Wells Fargo in 2008) issued a second loan for $169,500.
RealtyTrac reports that there are 3,292 foreclosure lis pendens (lawsuits pending) in Volusia County, Fla. Another 105 properties are scheduled for auction, while187 properties are bank-owned REOs.
Lochte’s family was with him in London to watch him compete, where the 28-year old Olympic swimmer won five medals in the pool, including two gold medals, in swimming events at the London Olympics. Overall, he is an 11-time Olympic medalist with five gold, three silver, and three bronze medals.
