Saturday, August 12, 2006

And you thought HQ was tough on bills...

If you don't pay for work done on the Chapter House things can get really ugly.
MORGANTOWN - A Grafton construction company named three defendants in its lawsuit demanding payment for work done on a house in Morgantown.

Eagle Construction Company filed the suit Aug. 7 in Monongalia Circuit Court against Sigma Phi Epsilon Building Association, Centra Bank and the State of West Virginia.

Eagle Construction seeks the amount owed to it and the property to be sold, with the proceeds being applied to that payment.
[...]
Eagle Construction says it is owed $362,464.21.
[...]
Centra Bank, it adds, has a note from Signa Phi Epsion[sic] secured by a deed of trust, securing the real estate for $220,000.

The State of West Virginia, by its tax department, has asserted tax liens against the property, the complaint says.
Yup, they want to sell the house to pay the bills. In all fairness, we don't know any more than what was in the article. But it doesn't matter, there will be boatloads of legal expenses even if the suit gets tossed out.
West Virginia Record | Construction company sues fraternity, bank, state

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