Mortgage firm: Councilman not paying his bills | AspenTimes.com
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Mortgage firm: Councilman not paying his bills

Naomi Havlen

A mortgage company claims that Aspen City Councilman Terry Paulson hasn’t been making payments on his apartment in the Hunter Creek condominiums. According to a motion filed Tuesday in Pitkin County District Civil Court, Countrywide Home Loans Inc. contends that Paulson has failed to pay monthly installments on his unit at 1043 Vine St. The court documents claim that the councilman has a mortgage in the amount of $201,000.Paulson, reached yesterday afternoon, said a Times reporter’s phone call was the first he had heard of the matter.”I’m kind of surprised and I don’t know what to say,” he said. “This is a bad way of finding out about this. It’s like a newspaper calling you to tell you your brother just died in a car accident.”Paulson has 20 days to file an answer to the mortgage company, either contesting the claim or agreeing with it. If he contests the claim, a hearing date with a judge will be set. If he doesn’t contest it, either the mortgage company can sell the property or Paulson can file an “intent to cure” the matter through the Pitkin County Treasurer’s Office.”I guess there have been some delinquency problems, and I might have been late in some payments in the past like everyone has been late,” Paulson said.Members of the Aspen City Council make a monthly salary of $1,700.Naomi Havlen’s e-mail address is nhavlen@aspentimes.com


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