Lawsuit is second for delinquent mortgage
By CHRISTY ROBINSON
2/6/2003

Chase Manhattan Mortgage Corp. sued movie star Wesley Snipes for failing to make mortgage payments on his mansion in the posh Orlando, Fla., community of Isleworth, the Associated Press (AP) reported.

Chase filed suit in late January, alleging Snipes owes almost $609,000 in payments on his mansion.

This is the second time the bank sued him; the first was in February 2001 for defaulting on $640,700 in payments, the news wire reported. However, payments were made and Chase asked for the lawsuit to be dismissed a month later.

Now valued at $1.7 million, the 10,000-square-foot. mansion was bought in 1993 for more than $1 million, the AP said. Isleworth is a gated community located in southwest Orlando, with other famous residents such as Shaquille O'Neal, Tiger Woods, and Penny Hardaway.

Snipes made his mark in the 1990s with roles in films such as Jungle Fever, New Jack City, and White Men Can't Jump, and became an action staple with projects like Passenger 57 and Blade. Displaying further versatility, Snipes played a sassy drag queen in To Wong Foo, Thanks for Everything! Julie Newmar with co-stars Patrick Swayze and John Leguizamo.

Chase does not comment on matters regarding specific customers, a spokeswoman said.

Article © MortgageDaily.com All Rights Reserved