Tag Archives: foreclosure
Foreclosure filed against A Perryville Place owners
Fifth Third Bank is looking to seize A Perryville Place, the landmark four-story office building along with 332 acres of undeveloped land on Spring Creek Road from the Nigam family.
Fifth Third filed a foreclosure suit on the office building and land on Sept. 22. According to the complaint, Summit LLC, a real estate and property management business set up by Dr. Tara K. Nigam, took out a $9.6 million mortgage in December 2005, modified the loan five times, and still owed $9.24 million as of September 15.
Register Star 2007 file photo
A Perryville Place was the brainchild of …
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Posted in City of Rockford, Economy, Real estate, Winnebago County
Tagged A Perryville Place, foreclosure, Nigam, Summit
