Back in court.

Did you hear that One Bank & Trust of Little Rock filed a foreclosure suit against Warren Overton and his Trinity Trading LLC?

The bank is seeking $555,000 in outstanding debt after Overton defaulted on a second mortgage connected with his Heights home.

One Bank also is asking for a court-appointed receiver, a move prompted by concern that Overton is squandering assets.

You might recall that the debt is associated with a 5,718-SF home near the Country Club of Little Rock.

An affiliate of Washington Mutual Inc. of Seattle, which earlier launched and then recalled a non-judicial foreclosure, holds a $1.2 million first mortgage on the house.

At last report, others in the chain of creditors linked with the residence included: Summit Bank of Hot Springs, a $1.2 million third mortgage; and Dan Lasater of Little Rock, a $150,000 fourth mortgage claim. (The house isn't the only collateral involved.)

Ralph and Elizabeth Patterson, who sold the house to Overton, earlier sued to collect on a $500,000 promissory note associated with the sale.