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497 Hooksett Rd. #105
 Manchester, NH 03104 
Phone: (603) 685 4301

In the News

Audit finds millionaire living in public housing (Source: wsbtv.com) | Office of Inspector General, Department of Housing and Urban Development

A millionaire is living in public housing, with your tax dollars paying much of his rent, and a government audit found that it’s not an isolated incident.

The audit found thousands of families are making incomes too high to qualify for public housing.

As they continue getting their rents subsidized with taxpayer dollars, more than a half million poor families are sitting on a wait list with the U.S. Department of Housing and Urban Development.

Officials say those people are in need of the affordable housing, but are denied it because others are taking advantage of it.

The audit found 25,000 families living in low-income housing even though they make more money than the program allows. 666 of those families live in Georgia.

The issue is that families only have to meet HUD's income requirements to get the housing.

Once they're in, they aren't required to leave if their income increases.

The audit found a New Bedford, Mass., family that brings in more than $212,000 a year has been living in public housing for more than a decade, and they're only paying $525 a month in rent.

A Nebraska millionaire with assets of $1.6 million is only paying $300 a month for HUD housing there.

U.S. Congressman John Mica runs the House committee in charge of overseeing Housing and Urban Development.

“Unfortunately, there are people that game the system,” Mica said.

But HUD officials don't see it that way...

Read more https://www.hudoig.gov/newsroom/news/audit-finds-millionaire-living-public-housing-source-wsbtvcom

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Stellionata Consulting, LLC

497 Hooksett Rd. #105

Manchester, NH 03104

Phone: (603) 685 4301

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Chain of Title

A few years ago, there was a lot of media hype about "producing the original note." There was almost equal response from the mortgage/foreclosure industry that the original note wasn't important and that reasonable facsimiles that were attested to as being "true and accurate copies of the original" were/are good enough to demonstrate that the current "bearer" of the copy is the rightful note holder and, therefore, has title and interest in the promissory note and has legal standing to foreclose.

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