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Grass farm troubles.


Roger C. Gravis, owner of Quail quail, common name for a variety of small game birds related to the partridge, pheasant, and more distantly to the grouse. There are three subfamilies in the quail family: the New World quails; the Old World quails and partridges; and the true pheasants and seafowls.  Valley Farm of Little Rock, is facing foreclosure again.

BancorpSouth Bank, the successor to American State Bank American State Bank, founded in 1948 and headquartered in Lubbock, Texas, is a financial service company with $2.0 billion[1] in assets and offers a full range of banking and financial services to customers in West Texas. They currently have 34 branch in 18 communities. , is seeking to foreclose fore·close  
v. fore·closed, fore·clos·ing, fore·clos·es

v.tr.
1.
a. To deprive (a mortgagor) of the right to redeem mortgaged property, as when payments have not been made.

b.
 on the grass farm because Gravis defaulted on loans totaling $885,639, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 its lawsuit filed in Pulaski County Pulaski County is the name of several counties in the United States:
  • Pulaski County, Arkansas
  • Pulaski County, Georgia
  • Pulaski County, Illinois
  • Pulaski County, Indiana
  • Pulaski County, Kentucky
  • Pulaski County, Missouri
  • Pulaski County, Virginia
 Circuit Court. With interest, the total being sought is $953,642.

The bank said Gravis started taking out promissory notes in October 2004, but the complaint didn't say when the payments stopped.

The bank is asking the court to order Gravis to pay off the notes or allow foreclosure on the grass farm's property. Gravis also used his Little Rock home to secure some of the loans, and the bank wants to foreclose on the house.

Gravis, in his response, denied the bank's allegations and asked that the case be dismissed.

This marks the third time in four years that a lender initiated a foreclosure action on the Gravis home.
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Article Details
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Title Annotation:Whispers; Quail Valley Farm of Little Rock
Comment:Grass farm troubles.(Whispers)(Quail Valley Farm of Little Rock)
Publication:Arkansas Business
Article Type:Brief article
Geographic Code:1U7AR
Date:Jul 7, 2008
Words:157
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