Tuesday, January 25, 2011

Orange County Choppers Foreclosure: OCC Not Bankrupt

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I have been a fan of American Choppers for some time now, so you can understand how upset I was when the main three from the show/company parted due to reasons unknown. Since then Paul Sr. and Jr. have been locked in a battle to do with his son’s 20 percent stake in OCC. When we first learned that the lenders of the OCC headquarters had filed a foreclosure, we assumed that it was to do with this ongoing family feud, but they do not seem to be related.
We had first assumed that this was a joke, but Surrounded Me has learned through sources that Orange County Choppers‘ has missed a number of mortgage payments, which is said to be for $96,400 and $14,000. The source explained that OCC did not make the payments, as they wanted to force the lender to make a few changes to the terms of the loan.
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