Headlines

Jeweler Sued by Wells Fargo for Allegedly Defaulting on Mortgage

Published

9 years ago

June 3, 2016

INSTORE Staff

It’s another legal trouble for the 43-year-old retailer.

Hofmeister Jewelers is being sued by Wells Fargo after the Indianapolis retailer allegedly defaulted on a $2.3 million mortgage on one of its stores, the Indianapolis Business Journal reports. Hofmeister, according to the lawsuit referenced in the article, missed a monthly mortgage payment of $21,004 that was due on March 1 before missing further payments on April 1 and May 1. The 43-year-old retailer is also still trying to pay off debt from the Chapter 11 bankruptcy it filed in 2011.

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