Don’t look now but just when things appeared to have hit rock bottom for Jeremy Mayfield, someone showed up with a drilling rig. It is being reported by multiple sources that Mayfield’s sprawling 400 acre estate in North Carolina is going to be foreclosed on by a lender who is owed more than $2-million in payment and there are others, including the government lining up to get funds owned by Mayfield.
According to SceneDaily.com, Mayfield took out a $3.1-million dollar (!) mortgage in 2006, currently owes $2.38-million of it, plus an additional $340,000 in fees and interest that are unpaid. Additionally, there is another $100,000 owed in property taxes that date back to 2009 and 2010, including his 2011 taxes which are also unpaid and were due on September 1, according to the Scene Daily story.
Previously we believed the good ship Mayfield had hit an iceberg when law enforcement officials sezied more and $100,00 worth of reported stolen property from his estate in November. Along with the allegedly stolen property, the police also found 1.5 grams of methamphetamine. That’s really not good for a guy who has essentially blown his whole life’s savings and fortune fighting NASCAR on the fact that his positive test for methamphetamine was wrong. That find earned Mayfield a criminal charge for possession of the drugs and he will appear in court on January 3, facing a maximum sentence of 15 months. Mayfield has not yet been charged with possession of stolen property but it seems that will also be decided at the January 3rd meeting.
If there were ever a case study on what not to do in a situation like this, it seems that Jeremy Mayfield is the example. He could have taken his lumps initially, sought help, rebuilt his career and eventually even climbed back into or damned close to the top levels of American racing. Instead he is heading for two court proceedings and complete financial obliteration.
As usual, we’ll keep you posted.
Thanks to John for the tip!
Jeremy Mayfield property to be foreclosed on
