Bank Forecloses Former New Orleans Mayor Ray Nagin’s Dallas Home
Former New Orleans Mayor Ray Nagin's home in Dallas has been foreclosed.
According to recently filed public records, the house is set for a foreclosure sale on May 6.
The Nagins purchased the townhome in May 2007 and had a deed of trust with Everbank of Jacksonville, Fla., for $157,490.
Collin County records show that the the deed of trust was assigned by Whitney Bank to Everbank in February, which was shortly after Nagin was convicted on 20 of 21 federal corruption counts in New Orleans.