Sunday, April 26, 2015

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
William Bender, a Drexel graduate who landed at the Daily News in 2007, has covered everything from South Philly mobsters to doomsday hucksters. He occasionally writes about local food trucks and always eats everything on his plate, whether it be a bloody rib eye or a corrupt politician. E-mail tips to benderw@phillynews.com
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David Gambacorta, has been a reporter with the Daily News since 2005, covering crime, police corruption and all of the other bizarre things that happen in Philadelphia. Now he’s covering the 2015 mayor’s race, because he enjoys a good circus just as much as the next guy. He’s always looking to get a cup of coffee. Send news tips and other musings on life to gambacd@phillynews.com
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