Rep. Ballinger's home facing foreclosure, sale
HUNTSVILLE -- A collection and statutory foreclosure notice against state Rep. Bob Ballinger, Sr., and his wife, Jessica L. Ballinger, was published in the March 7 edition of the Madison County Record for default on their mortgage payments on their home in Hindsville. The notice states the entire debt is due.
Filed by the Wilson & Associates law firm of Little Rock, the notice states the mortgage was executed in November 2010. The property, addressed at 1757 Madison 7150 Road in Hindsville, includes a house and barn on two acres, with a 2011 market value of $121,700.
Ballinger said by phone Thursday he is working on a loan modification with the mortgage holder, and his home will not be sold.
"I'm intimately involved with the real estate business, and a lot of people have been through hard times," he said. "I'm not immune to it."
He said the cost of his campaign and running a law firm while also serving in the state House of Representatives has taken a toll on his finances.
He was quoted in the Madison County newspaper as saying he had lost a law job.
"But we're working it out," he added. "It's a part of life."
Ballinger is an attorney in private practice. He rents two law offices, one in Berryville and one in Fayetteville, and said he is current on those payments.
Ballinger is serving his first term in the state House, representing District 97, which comprises parts of Madison, Carroll and Washington counties. He serves as the chairman of the Judiciary Juvenile Justice & Child Support Permanent Subcommittee and serves on the House committees on Agriculture, Forestry and Economic Development; Judiciary; the Joint Performance Review; the Agriculture Parks & Tourism Subcommittee and the joint Energy Committee.