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Melton acting to save home

Melton acting to save home

By: Magnolia Tribune - February 19, 2008

The Clarion-Ledger, 2/19/8

Jackson Mayor Frank Melton on Monday agreed to make arrangements to save his northeast Jackson home from foreclosure.

William Little Jr., the substitute trustee appointed to handle the foreclosure issue between Melton and lender OmniBank, said the agreement was made over the telephone regarding Melton’s past-due mortgage. Little said he would not discuss the terms of the agreement.

A public notice of sale of Melton’s two Riverwood subdivision properties appeared in Monday’s Clarion-Ledger with a March 11 sale date.

“Once he completes everything he needs to do to cure the defaulted loan, the publication will stop running and we will no longer go forward with the foreclosure,” Little said.

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