Housing Market Slump Forces Couple To Open Brothel

By
Mortgage and Lending with Land Home Financial Services

Came across this and thought it was quite amusing...giving it to you just like I found it...does it fit for any of you?

Image

Lou Young
Reporting

(CBS) NEW ROCHELLE The downturn in the housing market appears to have driven two Westchester homeowners to desperate and illegal measures.

New Rochelle Police raided a 3-bedroom home on North Avenue Friday night arresting four alleged prostitutes and the homeowners.

The house, they say, had been turned into a brothel complete with heavy shades over all the windows and a red ribbon placed out by the sidewalk to indicate they were open for business.

Richard Werner and Heather Mezzenga are charged with promoting prostitution. The two are both mortgage brokers who moved out of the house roughly two years ago so they could begin renovating a home on Mountain Road in Pleasantville.

Digg This Story!

New Rochelle neighbors told CBS 2 the house had originally been listed for $750,000 but didn't sell even after the price had been dropped to $600,000.

David Saperstein said, "He couldn't get his price, then he rented," but a series of families came and went and the house fell into apparent neglect until new occupants apparently arrived two weeks ago.

Saperstein says the lawn was cut, and heavy shades were put up on all the windows but he never saw the new neighbors.

"The air conditioning was running all day and no one's there," he told us. "But at night there's five, six, seven cars there."

Natalie Nanzo said she had even thought about buying the house when it first went on the market and couldn't quite get over the allegations that the home had been turned into a brothel.

"I'm in shock," she said, "because these people were business people. I can't believe they would be involved in prostitution."

One of the couple's Pleasantville neighbors seemed pretty sure business problems were at the root of the shocking news. "I know they're mortgage brokers," Peter Passidomo said. "And I know it's been a tough business, so I assume they might have had financial difficulty."

He said the front of the Mountain Road home had been under renovation for the entire two years the couple had lived next door with their little boy, who appeared to be of Kindergarten age.

Both homeowners, as well as the four alleged prostitutes, who range in age from 21 to 30, are free on bail.

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Groups:
Real Estate Newsleter
Tags:
real estate finance and investment riverside temecula radio show taxes strategic equity home loans credit credit cards debt consolidation

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainer
406,157
Sean Allen
International Financing Solutions - Fort Myers, FL
International Financing Solutions

That a pretty ingeneous way to earn money to pay the mortgage. I wonder how long they have been in business?

Sean Allen

Sep 10, 2007 07:28 PM #1
Rainer
10,700
Ian Butler
John R Wood Realtors - Naples, FL
PA, ABR - Naples, Florida
Thats certainly a different option than refinancing or line of credit
Sep 10, 2007 07:34 PM #2
Rainmaker
302,065
John Occhi
Mason Real Estate - Temecula, CA
SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate

Puts a new spin on a "Short" sale....

john

Sep 10, 2007 10:53 PM #3
Post a Comment
Spam prevention
Show All Comments
Rainer
25,953

Darren Orshoff

Loan Officer, Certified Mortgage Planner
Ask me a question
*
*
*
Spam prevention