Signal Mountain and lakefront homes tied to Jonathan Frost have been foreclosed upon and scheduled for an Oct. 22 auction at the front door of the Hamilton County Courthouse.
The finances of the former Chattanooga accountant are of interest to investors and creditors who, over the past year in the media and court, have alleged he defrauded them out of collectively tens of millions of dollars and failed to make promised loan payments.
In a separate lawsuit, a federal court has found Frost liable for defrauding investors after he failed to respond to the allegations. But whether alleged victims will in reality be able to recoup any losses hinges in large part on what, if any, assets remain in his name.
(READ MORE: How the life coaching industry transformed Jonathan Frost)
Foreclosures generally occur when a bank seeks to recover the balance of a loan on which promised repayments have halted by taking possession of an asset used as collateral on that loan — often, a home.