Grace Youth and Family Foundation is trying to protect its property and assets while it fights a bank’s effort to foreclose on the foundation’s Net Cafe and other property. “We’re going to try to protect our property and assets while we work through this with the bank,” said Bill Halle, founder of the foundation. Butler Eagle file photo

Justin Guido

Grace Youth and Family Foundation is trying to protect its property and assets while it fights against foreclosure of the foundation’s Net Cafe and other property.

First Commonwealth Bank filed foreclosure complaints in Butler County Common Pleas Court in March against the nonprofit foundation, claiming it owes approximately $292,244 on two loans borrowed in 2015 and 2017. The bank is seeking full payment.

The complaints seek payment of $265,401 in principal, interest, late fees, a prepayment penalty and a satisfaction fee from a $314,000 loan issued in 2015, and $26,842 in principal, interest, late fees, a prepayment penalty and a satisfaction fee from a $44,000 loan issued in 2017.

“We’re going to try to protect our property and assets while we work through this with the bank,” said Bill Halle, founder of the foundation. “We’re going to get an attorney to file whatever is needed.”

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