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

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Real Estate Broker/Owner with Gibson Management Group, Ltd.

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

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Re-Blogged 2 times:

Re-Blogged By Re-Blogged At
  1. Joe Jackson 08/15/2010 09:27 AM
  2. Lenn Harley 08/15/2010 09:38 AM
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Ambassador
883,569
Lane Bailey
Century 21 Results Realty - Suwanee, GA
Realtor & Car Guy

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

Aug 14, 2010 09:39 PM #1
Rainmaker
1,085,773
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

WHY is a public official buying such an EXPENSIVE condo?  

Aug 14, 2010 09:57 PM #2
Ambassador
883,569
Lane Bailey
Century 21 Results Realty - Suwanee, GA
Realtor & Car Guy

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?

Aug 15, 2010 11:23 PM #3
Rainmaker
1,871,912
Gabe Sanders
the BlueWater Realty team specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

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

Aug 16, 2010 07:22 AM #4
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Rainmaker
1,085,773

Wallace S. Gibson, CPM

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