New Orleans Mayor Ray Nagin Facing Foreclosure on Frisco, TX Townhouse
By: Diane Tuman, Zillow Content Manager | April 2, 2009
DallasDirt uncovered some interesting news about New Orleans Mayor Ray Nagin and his wife: it looks like they own a townhouse in Frisco, TX, and they have not paid their home association fees of around $1,500, which means if they don’t pay up, the property will be auctioned off April 7.
According to CBS 11 News, the Nagins bought the home two years ago as a getaway and possible evacuation house (Nagin came into the national spotlight during national coverage of Hurricane Katrina, which devastated the city of New Orleans). CBS reports they are trying to sell off the townhouse to pay off debts.
Non-sequitur: DallasDirt has a category in its blog called “I hate homeowner associations.” After dealing with an HOA for a couple of properties, I hate them, too. Candy: More posts on idiotic things HOAs do!
- Stumble it!
- Categories: Celebrity Real Estate, Foreclosures
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Forex News Blogs » Blog Archive » Friday morning links on April 3, 2009 7:05 am
[...] Feds: Value of Madoff mansion has dropped nearly $2M - AP• Mayor Ray Nagin Facing Foreclosure on Townhouse - Zillow.com• W.Va. retiree, 70, aces consecutive holes - AP [...]
Terrence Askew on April 3, 2009 11:58 am
I am a little unclear about this story. Is he behind on the mortgage as well?
Diane Tuman on April 3, 2009 1:40 pm
The articles are not very clear if they are behind on their mortgage, but the articles do say they are behind approximately $1,500 in HOA fees, which is cause to force a foreclosure, if not paid up.
http://www.dallasnews.com/sharedcontent/dws/news/city/collin/frisco/stories/DN-nagin_31met.ART.State.Edition1.4a781a5.html
Kim Gibbons on April 5, 2009 4:10 am
This is just another sign of the times. Even Mayors thought they get in on the housing boom. Looks like one big mouse trap now!
Manassas VA Homes on April 17, 2009 4:43 pm
TEXAS????? I am surprised this story has not made prime time news!
Arlington VA Homes on April 26, 2009 6:49 pm
Has he no shame?