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City Leader Working Out Home Foreclosure

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By TODD LESKANIC

The Tampa Tribune

Published: July 16, 2008

DADE CITY - The foreclosure epidemic has spared no one - not even newly elected city Commissioner Curtis Beebe.

Beebe's Church Avenue house has been in foreclosure since April. Tuesday, Beebe said the foreclosure was old news and that he had reached an agreement with his mortgage company to pay what he had fallen behind on.

"I'm certainly not proud of the fact that we got here, but it's one of those things," Beebe said. "We got ourselves in a bind, and I got behind. We had a business we closed down toward the end of 2006, and I'm continuing to carry debt from that."

An attorney for the bank couldn't be reached for comment.

Beebe, 45, was elected to the commission in April, running at least partially on his experience in the technology business and managing a budget. He owned a computer-training business called Consultant U LLC, which he incorporated in 2006.

Beebe shut down the business that same year and took a job with his current employer, I.B.I.S., a technology company based in Atlanta.

He and his wife, Rebecca, moved to the Church Avenue house from Tampa in 1998. They bought the 3,400-square-foot house for $160,000.

The Beebes took out a mortgage of $388,000 on the home in October 2006, county records show. The mortgage required a monthly payment of $2,679. According to court filings, a principal balance of $384,017 remained on the loan as of April.

Reporter Todd Leskanic can be reached at (352) 521-3156 or tleskanic@tampatrib.com.

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