Courtney Love May Lose New York Home
08/31/2005 AT 08:00 AM EDT
Love, 41, who on Aug. 19 was ordered back into rehab for a 28-day stay after failing a drug test in July, has had the residence listed on the sales market for $5.5 million for several months.
After purportedly missing two $30,000 mortgage payments for July and August, Mercury Capital Corp. seeks to foreclose on Love and "be decreed the owner of any personal property" in the home, according to documents in a lawsuit.
Love reportedly purchased the condominium four years ago for $2.4 million, taking out a $1.5 million mortgage. She then borrowed another $1.5 million from lender Mercury Capital Corp., according to papers filed in Manhattan Supreme Court.
Legal reps for Love and Mercury did not return calls for comment.