DETROIT (WXYZ) - The Detroit City Council's front-running candidate is facing foreclosure.
The Detroit News is reporting that Charles Pugh's downtown condo is scheduled to be sold at a foreclosure auction just days before the November 3rd election.
Court records show he has defaulted on a $331,000 bank loan.
Pugh's campaign manager says he is still able to represent the people of Detroit because he knows what they're going through.
Records show Pugh paid $385,000 for the condominium in 2005 and took two loans from Countrywide Mortgage the day he assumed ownership.
One was for $77,000 and another for $308,000, which has jumped to $331,370 with interest and fees.
Pugh was charged 8.25 percent interest, making his monthly payment on his 30-year mortgage payment $2,892. That does not include any insurance and property tax. Pugh will have six months after sale to reclaim the condo by paying off the debt.
