A foreclosure suit against Temple Sholom, one of Chicago’s finest Temples was started here yesterday in the Federal District Court by the Western and Southern Life Insurance Company of Cincinnati.
The company charges that the Temple defaulted in the payments of interest and principal in the amount of $20,000 on a $700,000 mortgage held by it.
The insurance company asks the court to determine whether the payments can be made. If it is found that the Temple is unable to pay, the company asks that the property be sold under foreclosure decree.
The Temple was built four years ago at a cost of nearly $1,250,000.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
