It’s one of the last homes Terrell still owns after being forced to sell off several others –most recently in Dallas – but Deutsche National Bank sued him in April, claiming he still owes $1.47 million on the property … and hasn’t made a payment in 6 months.
According to mortgage docs attached to the lawsuit, Terrell originally took out a loan worth $1.55 million in 2006 … and had faithfully been making monthly payments of $5,126 … that is, until last November.
Terrell has responded to the lawsuit, claiming the bank “lacks standing” to foreclose on the property — and he refuses to admit there’s an outstanding balance problem.


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