Thursday, December 18, 2014

More Details on PHA Chief's Mortgage Woes

As reported in today's Daily News, Philadelphia Housing Authority Executive Director Carl R. Greene is facing foreclosure on his tony Naval Square Condo. After going over court records, here are a few more details about his situation:

More Details on PHA Chief's Mortgage Woes

As reported in today's Daily News, Philadelphia Housing Authority Executive Director Carl R. Greene is facing foreclosure on his tony Naval Square Condo. After going over court records, here are a few more details about his situation:

Greene, who paid $615,035 for the 2,100 square-foot condo in 2007, took out a $400,000 mortgage at the time, according to financial records.

Based on the civil cuit filed by Wells Fargo Bank, Greene appears to have stopped paying his mortgage in April, 2010. In June, he was notfied that he was past due by $7,550.71. Then in July, the bank sued Greene, saying he owed $386,685, which is the principal balance plus interest, late charges and other fees.

PHA Spokesman Kirk Dorn yesterday told the Daily News that Greene planned to handle the situation privately.

About this blog
Chris Brennan, a native Philadelphian and graduate of Temple University, joined the Daily News in 1999. He has written about SEPTA, the Philadelphia School District, the legalization of casino gambling, state government, the mayor, the governor, City Council and political campaigns. E-mail tips to brennac@phillynews.com
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Jenny DeHuff is a 2005 graduate of the University of Rhode Island, where she cut her teeth in journalism. A South Philly transplant from New England, she joined the Daily News City Hall Bureau in 2013. For the past several years, she has worked as an investigative reporter exposing corruption in suburban politics, covering sometimes ghastly criminal court cases and following the people’s money and how its spent. In addition to being a dogged news hound, she enjoys reading and writing about travel, animals, Irish whiskey and aviation. E-mail tips to dehuffj@phillynews.com
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