PropertyManagementMaven: ExDir of US 4th LARGEST Public Housing Authority in Foreclosure for $600,000 Condo

ExDir of US 4th LARGEST Public Housing Authority in Foreclosure for $600,000 Condo

So he can NOT pay his mortgage while making $350,000 PER YEAR!!!  Carl Greene, ExDir of the Philadelphia Housing Authority bought his condo in 2007 and NOW he can not pay his $386,000 mortgage to Wells Fargo.

Read the entire article and you will see that while he has had his current job for 12 years, he was with the housing authorities in DETROIT and ATLANTA.

 

http://www.philly.com/inquirer/home_top_stories/20100813_Philadelphia_Housing_Authority_chief_Carl_Greene_facing_foreclosure.html

 

Wallace S. Gibson, CPM * GIBSON MANAGEMENT GROUP, Ltd.

Central Virginia

LandlordWhisperer

View our available Charlottesville, Albemarle and Lake Monticello rental homes online with photos and floor plans

"...to be a Virginian, either by Birth, Marriage, Adoption, or even on one's Mother's side, is an Introduction to any State in the Union, a Passport to any Foreign Country, and a Benediction from the Almighty God...." Anonymous

 

Comments

Since they advocate for the public not to have personal responsibility, why should we expect them to be personally responsible?

Posted by Lane Bailey - REALTOR & Car Guy (Diamond Dwellings Realty) over 1 year ago

WHY is a public official buying such an EXPENSIVE condo?  

Posted by Wallace S. Gibson CPM * LandlordWhisperer (Gibson Management Group, Ltd.) over 1 year ago

I don't have a problem with him buying it... if he can afford it...  But the bigger question is

Could this guy make that kind of money in the private sector?

Posted by Lane Bailey - REALTOR & Car Guy (Diamond Dwellings Realty) over 1 year ago

Wallace, I'll add by saying why is a public official making so much money?

Posted by Gabe Sanders, Stuart Florida Real Estate (Martin County Residential Homes, Condos and Land Sales) over 1 year ago

This blog does not allow anonymous comments