Bankruptcy

Lone Owner in 32 Story Condo

By mcbride

?But Vangelakos, who paid $430,000 for the home, closed in November 2008 and insisted on taking possession. He, his wife Cathleen, and their three children use the condo as a vacation home when he can get away from his job as a Weehawken, N.J., firefighter?. The signs are everywhere that the building is almost abandoned.  ?They’re maintaining the pool, but they don’t heat it,? he said. ?I only have the lights on my floor and I’m the only one there.?  In the lighting fixtures on the open walkways on each floor, Vangelakos said, ?Birds have been making their nests? often leaving piles of droppings.?  Of course, the real question is how can a firefighter married to a city hall clerk in Weehawken afford a $430,000 vacation home?  Here is the link, complete with pictures: http://www.news-press.com/article/20100308/NEWS0110/3080347

Michael

Full post as published by Texas Lawyer Blog on March 08, 2010 (boomark / email).