Anchor ads are not supported on this page.

4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs

Mortgage of U-T's Lynch in Default

Assessor/recorder/county clerk records show a mortgage of Union-Tribune Chief Executive John T. Lynch is in default. The document lists his wife Catherine and the Lynch Family Trust. (This blog is a collaboration of three Reader journalists: Dorian Hargrove exchanged three emails with Lynch, Matt Potter pulled the records and I got the original tip and did the writing.)

In the first email, Lynch told Hargrove, "I know you will attempt to make something celatious (sic: see below) of this, but several of my assets were tied up for 15 months when I was in a lawsuit with the former partners of the two radio companies of which I was a part owner. The lawsuits have been settled. And frankly, my personal balance sheet is in good shape. I have no (0) debt other than this one mortgage." In a second email, Lynch said that the mortgage originator was seized by the FDIC and the loans sold for 40 cents on the dollar. In a third email, he said, "I stopped paying the mortgage when the new lender, who acquired at a discount, raised the payment unilaterally. The intent was to force a renegotiation, which it has." The matter should be settled this week, Lynch says.

Then Lynch asked, "Why is my personal financial information being analyzed by the Reader?" Among many things, the reason is that the default is a matter of public record, and Lynch is an important person in San Diego.

I am not sure I understand why Lynch used the word "celatious." It is a rare word -- almost non-existent. A 1934 Webster's says that celation is "concealment, esp. of a pregnancy or childbirth." Currently, the word is used infrequently, seemingly in matters concerning concealment of a child born out of wedlock. The word "cellacious" is a new coinage of salacious or lustful material communicated by mobile phone. The Reader has nothing celatious, cellacious, or salacious in mind when pursuing this financial matter.

Click here for a copy of the notice of default document

Click here for a copy of the assignment document

Here's something you might be interested in.
Submit a free classified
or view all

Previous article

Black man helped Don Bauder in J. David case

Freight train jumper excited reader

Assessor/recorder/county clerk records show a mortgage of Union-Tribune Chief Executive John T. Lynch is in default. The document lists his wife Catherine and the Lynch Family Trust. (This blog is a collaboration of three Reader journalists: Dorian Hargrove exchanged three emails with Lynch, Matt Potter pulled the records and I got the original tip and did the writing.)

In the first email, Lynch told Hargrove, "I know you will attempt to make something celatious (sic: see below) of this, but several of my assets were tied up for 15 months when I was in a lawsuit with the former partners of the two radio companies of which I was a part owner. The lawsuits have been settled. And frankly, my personal balance sheet is in good shape. I have no (0) debt other than this one mortgage." In a second email, Lynch said that the mortgage originator was seized by the FDIC and the loans sold for 40 cents on the dollar. In a third email, he said, "I stopped paying the mortgage when the new lender, who acquired at a discount, raised the payment unilaterally. The intent was to force a renegotiation, which it has." The matter should be settled this week, Lynch says.

Then Lynch asked, "Why is my personal financial information being analyzed by the Reader?" Among many things, the reason is that the default is a matter of public record, and Lynch is an important person in San Diego.

I am not sure I understand why Lynch used the word "celatious." It is a rare word -- almost non-existent. A 1934 Webster's says that celation is "concealment, esp. of a pregnancy or childbirth." Currently, the word is used infrequently, seemingly in matters concerning concealment of a child born out of wedlock. The word "cellacious" is a new coinage of salacious or lustful material communicated by mobile phone. The Reader has nothing celatious, cellacious, or salacious in mind when pursuing this financial matter.

Click here for a copy of the notice of default document

Click here for a copy of the assignment document

Sponsored
Here's something you might be interested in.
Submit a free classified
or view all
Previous article

City attorney Goldsmith: "I apologize"

"Miscommunication" allegedly led to lawsuit over unreleased emails
Next Article

John Lynch explains his finances, old trashman disses new guys

Letters to the editor
Ask a Hipster — Advice you didn't know you needed Big Screen — Movie commentary Blurt — Music's inside track Booze News — San Diego spirits Classical Music — Immortal beauty Classifieds — Free and easy Cover Stories — Front-page features Drinks All Around — Bartenders' drink recipes Excerpts — Literary and spiritual excerpts Feast! — Food & drink reviews Feature Stories — Local news & stories Fishing Report — What’s getting hooked from ship and shore From the Archives — Spotlight on the past Golden Dreams — Talk of the town The Gonzo Report — Making the musical scene, or at least reporting from it Letters — Our inbox Movies@Home — Local movie buffs share favorites Movie Reviews — Our critics' picks and pans Musician Interviews — Up close with local artists Neighborhood News from Stringers — Hyperlocal news News Ticker — News & politics Obermeyer — San Diego politics illustrated Outdoors — Weekly changes in flora and fauna Overheard in San Diego — Eavesdropping illustrated Poetry — The old and the new Reader Travel — Travel section built by travelers Reading — The hunt for intellectuals Roam-O-Rama — SoCal's best hiking/biking trails San Diego Beer — Inside San Diego suds SD on the QT — Almost factual news Sheep and Goats — Places of worship Special Issues — The best of Street Style — San Diego streets have style Surf Diego — Real stories from those braving the waves Theater — On stage in San Diego this week Tin Fork — Silver spoon alternative Under the Radar — Matt Potter's undercover work Unforgettable — Long-ago San Diego Unreal Estate — San Diego's priciest pads Your Week — Daily event picks
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
Close

Anchor ads are not supported on this page.