James Brown's attorney thinks he can block home sale
By
Posted 4:35PM on Thursday, October 3, 2002
AIKEN, SOUTH CAROLINA - An attorney for soul singer James Brown thinks he can stop the sale of Brown's $400,000 home and the more than 60 acres of land in Beech Island where it is located. <br>
<br>
Brown has ten days to repay a debt of more than $900,000 for a building he bought in downtown Augusta. <br>
<br>
SouthTrust Bank, which loaned Brown the money for the purchase, can move to have his property sold unless the debt is paid. <br>
<br>
The bank won a lawsuit in Richmond County, Georgia, and sued in Aiken County in August seeking the residence and land to help repay the loan. <br>
<br>
Brown owes SouthTrust $754,544.34. Interest and attorney's fees make up the rest of the $914,161.13 cents debt, according to court records in Aiken, South Carolina. <br>
<br>
Brown can stop the process at any point by selling the building for the same amount as the debt. <br>
<br>
His attorney, Albert Dallas, couldn't say Wednesday whether a deal would be reached within that time.