Head of Philadelphia Housing Authority is facing foreclosure on $600K condominium
By APFriday, August 13, 2010
Philadelphia housing director facing foreclosure
PHILADELPHIA — The executive director of the Philadelphia Housing Authority is facing foreclosure.
Wells Fargo Bank has foreclosed on Carl Greene’s $615,000, three-bedroom, 2,100-square-foot condominium in the upscale Naval Square development in southwest Philadelphia.
The bank says in a lawsuit filed late last month that the amount in dispute is $386,685.
The 53-year-old Greene earns more than $300,000 a year as head of the nation’s fourth-largest public housing agency. He bought the home in 2007.
An authority spokesman, Kirk Dorn, says Greene is “involved in a dispute with his mortgage company” and hopes to deal with the matter privately.
Greene will have to take part in the city’s mortgage foreclosure program and appear in court next month.
Information from: The Philadelphia Inquirer, www.philly.com
