The suit is for approximately $60,000, which is principle and interest on a $181,349 loan.
On Feb. 13, 2009, the FDIC assigned the loan and guaranty to FH Partners. Since then, however, Great River Enterprises and Tomer have failed to make payments in accordance with the terms of the loan, the suit states. A demand letter to both defendants has done nothing to encourage them to pay their debts, the complaint says.It seems that Tomer decided that since he no longer had the inside connection with the bank, that payments were no longer necessary. I wonder if FH Partners is aware of the YTB/Great River Enterprises/Tomer connection? If they are, I suspect that with the filing of this suit, they will be less willing to negotiate too much more.