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Philadelphia Housing Authority chief Carl Greene facing foreclosure

Sat, 2010-08-14 15:19 — Andrew T. Berman
Carl R. Greene of the Philadelphia Housing Authority

The mortgage foreclosure crisis has claimed an unlikely victim: Carl R. Greene, executive director of the Philadelphia Housing Authority (PHA).

Wells Fargo Bank has foreclosed on Greene's $615,035 condominium in the upscale Naval Square development in the city's Schuylkill section.

In a lawsuit filed July 27, Wells Fargo said the amount in dispute was $386,685.22.

Greene, 53, runs the nation's fourth-largest public housing agency and is one of the highest-paid public officials in the city. His salary is $306,370, and last year he got a $44,188 bonus.

Please read the full article on Philadelphia Inquirer

About Andrew T. Berman

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