Sarah Ovaska, investigative reporter for NC Policy Watch, details Wake County school board member John Tedesco’s unfortunate situation in a blog post on The Progressive Pulse.
She called Mr. Tedesco for further information.
Tedesco, when reached by phone, said he?s been trying to get a loan modification through his servicer, Chase Manhattan, and that the filing of foreclosure papers at the courthouse is part of that process.
?I?ve been working with my lender through the home modification process,? Tedesco said. ?And part of that process is setting a (hearing) date.?
On a personal note, I wish you the best, John. Please let me know if I can do anything to help.
Update: The News & Observer’s WakeEd blog has a short summary of the situation.
Update 2: One frequent commentator on The Progressive Pulse blog argues, “The PUBLIC records of his financial acumen are certainly relevant to the position he holds.”
Update 3: John Tedesco’s birthday is January 20.
