Town Square

Post a New Topic

Menlo Park: City to pay $518,500 to buy back home

Original post made on Mar 12, 2013

Two members of the Menlo Park City Council urged the city to explore criminal charges against a couple who bought a home through the city's below-market-rate housing program, but then within two years of the purchase, took out more than $1 million in loans against the property before defaulting on payments.

Read the full story here Web Link posted Wednesday, March 13, 2013, 12:00 AM

Comments (1)

 +   Like this comment
Posted by Deadbeats Taking Advantage of the System
a resident of Menlo Park: Downtown
on Mar 12, 2013 at 4:23 pm

Way to go City of Menlo Park! Cost the hard tax-paying > $500k just for some shared mistakes of BOTH the City staff (who should be canned!) and the homeowners who took advantage of rules and not complying.

Editor's note: Please use the other thread to comment on this topic: Web Link


Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.

Email:


Sorry, but further commenting on this topic has been closed.

Sneak peek: Bradley's Fine Diner in Menlo Park
By Elena Kadvany | 5 comments | 3,397 views

Marriage Underachievers
By Chandrama Anderson | 0 comments | 1,676 views

Best High Dives to Watch the Game
By Laura Stec | 5 comments | 1,288 views

Measure M-- I am not drinking Greenheartís expensive potion
By Martin Lamarque | 37 comments | 1,032 views