Live Well Financial CEO sued for repayment of $80M in loans – Richmond BizSense

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RICHMOND, Va. – The CEO of defunct local mortgage company Live Well Financial is fighting back against a multimillion-dollar lawsuit, arguing he’s not personally on the hook for debt his firm.

LenderLive Holdings, a mortgage services provider, announced new appointments to its executive leadership team. The lender announced Rob Clements as its chairman and CEO and John Surface as.

Flagstar Bank is demanding that Michael C. Hild, the CEO of Live Well and the guarantor on the loans, repay the bank more than $82 million in principal, interest and expenses, according to the.

Michael Hild, CEO of Live Well Financial, which abruptly shut down this month and laid off more than 100 workers, was sued last week in federal court by Troy, Michigan-based Flagstar Bank. The lender claims Hild was the guarantor on more than $100 million worth of loans – for which about $80 million is still owed – and that the loans are in default because Live Well "commenced a liquidation of its business."

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Richmond BizSense Live Well CEO sued for repayment of $80M in loans A bank in Michigan is going after the head of a recently shuttered Chesterfield-based mortgage compan.

I worked at Live Well Financial full-time for less than a year. Pros.. Approves of CEO. I have been working at Live Well Financial full-time for more than 3 years.. mortgage loan Processor in Richmond, VA. I worked at Live Well Financial full-time for less than a year.