On Monday Adams Homes filed a motion to intervene into the Wachovia v. Colson interpleader action. Here is Adams’ proposed answer and counterclaim that it will file if the court grants the motion to intervene. Adams claims Colson’s companies owe Adams $623,898.21 in unpaid proceeds, earnest money deposits, withheld closing items, and unpaid interest. Adams is represented by Les Smith of Page, Mannino in Biloxi. Smith is a product of the famed University of Mississippi School of Law class of 1993, which included standouts such as former MSU safety Bo ‘Recap’ Russell, and Michael Morton.

Lawyers Title Insurance Corp. previously sued Colson and his companies for $10 million. The Adams claim brings the total known filed claims against Colson to $10.6 million, with Wachovia putting up only $1.5 million to satisfy those claims. It sure sounds like there is some money that is missing.