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On top of his loss in today's Democratic Primary for the State Senate District 15 special election, former State Senator Randolph Bracy III and his wife Kietta Mayweather Bracy are facing foreclosure on their residence in Lake County and two additional homes in Dr. Phillips and the Town of Oakland.
A notice of lis pendens, or pending lawsuit, was filed last week in Lake County Fifth Circuit Court against the couple, seeking to foreclose on their lakefront estate in Clermont for defaulting on their $2.2 million mortgage.
In January 2024, Bracy and Mayweather Bracy took out a mortgage for $2,240,000 from Citadel Servicing Corporation (dba Acra Lending) with monthly payments of $18,021.93. According to documents filed with the court, they stopped paying the mortgage after September 2024. They currently owe $2,231,238.27. With interest owed, Citadel is seeking to collect $2,390,219.25.
Bracy did not respond to a request for comment.
In May, a separate lawsuit was filed in Orange County's Ninth Circuit Court against Mayweather Bracy for failure to pay the mortgage on her home in Dr. Phillips. Also named in that lawsuit are her former husband Sammy Gamble III, her "unknown spouse," presumed to be Bracy; her exe's "unknown spouse" and two "unknown tenants."
According to the Orange County Property Appraiser, Mayweather Bracy purchased the home with Gamble in 2002 for $550,000. In February 2003, they put it in a family trust, but moved it out of the trust in May 2003.
Court documents show that in 2006, the two took out an adjustable-rate mortgage on the house from Wells Fargo for a total of $871,006.79. But in 2022, they applied for a loan modification through U.S. Bank Trust National Association. That lender tacked on an additional $556,094.22 to the remainder of the Wells Fargo loan for taxes, insurance premiums and expenses that were said to have been paid by the bank “to protect and preserve its interest” in the original loan.
That ballooned the loan to $1,238,628.58, with monthly payments of $7,104.91, which were to begin in January 2023. That year, Gamble quit-claimed the home for $0 to his former wife who by that time had married Bracy.
According to court documents, Mayweather Bracy defaulted on the loan in February. U.S. Bank Trust National Association then accelerated the loan payment and demanded the $1.2 million be repaid in full. The debt was then sent to collection, and a March 24 deadline to make a payment of $45,595 was extended by the debt collector, SN Servicing Corporation. When that payment was missed, the lawsuit was filed. Trial is scheduled for Nov. 2, 2026.
VoxPopuli reported last month that the Hull Island homeowners association was readying a lawsuit against the former senator for $5,000 in unpaid HOA dues and late fees as well as another lawsuit for failure to maintain his Oakland home’s yard. To date, no lawsuit has been filed in that case, according to the Orange County Clerk of Court.
