Madison - St. Clair Record

Sunday, August 18, 2019

Suit alleges Seven Oaks Property failed to make payments


By Angelica Saylo Pilo | Dec 11, 2018

EDWARDSVILLE — A lender is suing a borrower for allegedly failing to make payments on a loan. 

People's National Bank filed a complaint on Nov. 30 in the Madison County Circuit Court against Jeremy Clark, Seven Oaks Property LLC, et al, alleging they failed to pay all sums due on the note.

According to the complaint, the plaintiff alleges that on Sept. 19, 2013, Seven Oaks Property executed and delivered a promissory note in favor of plaintiff in the original principal amount of $163,503.34. As of October 3, the total amount of $150,209.28 remains due and owing. 

The plaintiff alleges that despite demands for payments, the defendants failed and refused to do so.

The plaintiff requests a trial by jury and seeks judgment against the defendant in the amount of $150,209.28, plus accruing interest of $30.04 per day, attorney's fees, costs, interest and other just and proper relief. It is represented by Cherie MacDonald.

Madison County Circuit Court case number 18-L-1605

Want to get notified whenever we write about any of these organizations ?

Sign-up Next time we write about any of these organizations, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

Madison County Circuit Court People's National Bank

More News