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.

This story contains 72 words.

If you are a paid subscriber, check to make sure you have logged in. Otherwise our system cannot recognize you as having full free access to our site.

If you are a paid print subscriber and haven't yet set up an online account, click here to get your online account activated.

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


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

Mountain View's Liquid Menu is reborn as The Phoenix
By Elena Kadvany | 1 comment | 2,084 views

Abruzzo for Work, Amelia for Family, Rome for Love
By Laura Stec | 5 comments | 1,686 views

How are Exotic Animal Training and Learning in Marriage Related?
By Chandrama Anderson | 3 comments | 1,391 views

No Plans
By Cheryl Bac | 4 comments | 531 views