Plaintiff claims buyers defaulting on Washington Park deal
Billie Fuchs is suing a land trust and the trust's owners for defaulting on a $50,000 promissory note related to the purchase of real estate and an electrical company in Washington Park.
According to the suit filed Feb. 8 in St. Clair County Circuit Court, The Philip and Marsha Head Land Trust agreed to purchase from Fuchs land located at 4910 Caseyville Ave. and an electrical company for $100,000 in December 2004.
"That the Defendants have defaulted on the yearly payments due on said $50,000.00 note; and the Defendant Land Trust is in default in the Promissory note and owes the Planitff $50,000.00," the complaint states.
Fuchs claims the deadline for the land trust's payment of $50,000 "has come and gone" and that "Defendants have never made a yearly payment due on the note," the complaint states.
Represented by Eric Rhein of Belleville, Fuchs is seeking $50,000, plus costs and pre-judgment interest.