Philly Foreclosures
Why is the executive director of the Philly Housing Authority facing foreclosure?
Wells Fargo Bank has foreclosed on Greene’s $615,035 condominium in the upscale Naval Square development in the city’s Schuylkill section.
In a lawsuit filed July 27, Wells Fargo said the amount in dispute was $386,685.22.
Greene, 53, runs the nation’s fourth-largest public housing agency and is one of the highest-paid public officials in the city. His salary is $306,370, and last year he got a $44,188 bonus.
Read more: http://www.philly.com/inquirer/home_top_stories/20100813_Philadelphia_Housing_Authority_chief_Carl_Greene_facing_foreclosure.html#ixzz0wVA2TCJt
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He is involved ina dispute with his mortgage Company, most likely he wanted a kick back or a sweetener
Philly Fights Foreclosures
