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

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

Southern California chain snags La Boulange space in Palo Alto
By Elena Kadvany | 7 comments | 2,468 views

The Food Party! Top Ten List
By Laura Stec | 0 comments | 1,186 views

Fee Waivers
By John Raftrey and Lori McCormick | 1 comment | 1,040 views

Then Came Larry Lessig.
By Stuart Soffer | 0 comments | 494 views

How early is too early to make or buy a Halloween costume
By Cheryl Bac | 0 comments | 135 views