A Manchester bank is seeking to foreclose on former Agriculture Commissioner Richie Farmer’s marital home on Cedar Ridge Road in Frankfort, saying he and his ex-wife owe more than $300,000 on a 2004 mortgage loan, The Courier-Journal has reported.
First National Bank of Manchester filed a lawsuit Wednesday in Franklin Circuit Court, which claims no mortgage payments have been made “since at least January,” the newspaper said in today’s edition.
Farmer has been unemployed since his term as commissioner of agriculture ended at the beginning of the year, his attorney, Guthrie True, told reporters Monday.
Brian Logan, who represented Rebecca Farmer in the divorce proceedings, told The Courier-Journal that Richie Farmer agreed to handle mortgage payments on the marital home.
“The parties agreed that Mr. Farmer would be solely responsible for the mortgage payments on the marital residence and assume all liability for the loan,” Logan said. “Additionally Mr. Farmer agreed to refinance the loan on the marital residence solely in his name.”
Richard Guarnieri, who represented Farmer in the case, said he could not comment because he’s not representing Farmer in the foreclosure matter and has not seen the suit, according to the newspaper.