* Add this to a long and apparently growing list of financial issues for the GOP incumbent, who faces a contested primary next year and may run for governor…
State Sen. Sam McCann, R-Plainview, and his wife, Vicki, were subjects of a foreclosure lawsuit filed last summer on a home they purchased in Florida in 2005.
McCann, who owns a construction company, said the property included 20 acres he hoped to develop, but the purchase was followed by the “financial meltdown” of 2008-2009.
According to the lawsuit, filed July 1, 2016, by Bank of America against the McCanns, a bank and two unknown tenants, the McCanns defaulted on the loan and failed to make any payments since April 1, 2015.
The final judgment of foreclosure, dated June 1, listed the total due as $157,573. That included the unpaid principal of $134,081, plus $17,346 in interest, as well as other charges, such as title search, service of process and notice of publication. […]
“Unlike some other legislators, or would-be legislators, I don’t have to read about the problems real Illinoisans face in a textbook,” McCann said. “I have faced and continue to face many of the same problems that so many citizens face every day. I have indeed walked a mile in their footsteps.”