Bank of America filed a foreclosure lawsuit against the mayor of North Miami, who said he hadn’t made payments because he’s underwater on his mortgage, according to the South Florida Business Journal.
Andre Pierre said he tried to negotiate a loan modification on the 2,495-square-foot home, less than a year after he modified it at $432,538.
The mayor and his wife, Bernadette, purchased the house for $353,000 in 2003.
Read more at the South Florida Business Journal.
