Lender begins foreclosure proceedings on Mayfield’s property

Suspended NASCAR driver Jeremy Mayfield's financial troubles got worse this week as his mortgage lender has begun foreclosure proceedings on his approximately 400-acre property in North Carolina. Mayfield took out a $3.1 million mortgage in July 2006, and his lender alleges that he has failed to make his payments, according to the foreclosure filed Tuesday in North Carolina Superior Court in Newton, N.C. That has resulted in the lender, Carolina Farm Credit, to call on Mayfield to pay the balance of $2.387 million plus more than $340,000 in interest and fees, according to the filing. A hearing on the foreclosure is set for Feb. 7. More at SceneDaily