The home of a Canton mayoral candidate is in foreclosure right now. This notice was published in the Clarion-Ledger on April 20:
The Madison County Journal attempted to get an explanation from Mr. Green. The Madison County rag reported:
The sale will come less than 10 days after the municipal primaries on May 2....Has anyone at the newspaper ever tried to actually use a paragraph?
Green said all of this is a result of a disagreement with his mortgage company over the interest rate on the home.
“When we first bought my house, my wife and I thought we had a fixed rate on it,” he said.
Green said the mortgage crisis hit in 2008 and next thing he knows his mortgage company says he has an adjustable rate loan which caused the monthly payments to skyrocket.
“We kept paying it and paying it and paying it,” Green said before getting a lawyer to handle the case.
“We sued them,” he said. “They offered us a settlement.”
Green said the settlement amount wasn’t enough and so they continue to fight it.
“My attorney told me don’t even worry about it,” he said. “We just do what we have to do.”
So he is griping that he was forced to pay an adjustable rate mortgage, right? Let's take a look at this mortgage. Mr. Green and his wife borrowed $52,147 in 1996 at a term of thirty years. The original deed of trust (posted below) states it was an FHA mortgage. FHA mortgages are usually amortized at a fixed-rate and not an adjustable rate. The loan amount was so small that an ARM would provide a very small difference in the payments.
However, the Greens signed a loan modification agreement with HUD on August 26, 2015. The principal somehow jumped up to $106,148. The agreement stated that he would pay $506 per month for thirty years at an interest rate of 4.00%. Hardly an adjustable rate mortgage. Mr. Green's assertion to the Madison County Journal is somewhat at odds with the facts.
Just who you want to see running for Mayor. Someone who pays the note for 21 years only to go into foreclosure after managing to double the balance on his mortgage. Hmmm......maybe he is qualified to be Mayor.
Then there is the matter of his bankruptcy. Yup, he also filed for bankruptcy last September. The court dismissed the bankruptcy petition last month after he failed to make payments. Forget Mayor, he might be qualified for Congress or Treasury Secretary. However, the bankruptcy file shows a notice of mortgage payment change. Nationstar apparently said the new mortgage payment was $953. It was filed by the law firm Shapiro Massey. This firm specializes in foreclosures. It doesn't really as since he didn't make payments on the bankruptcy.
Give that man the keys to City Hall!!! Today Canton, tomorrow......
25 comments:
Did he make his mortgage payments with Paypal? Antar's experience has been that Paypal can be administratively cumbersome.
Because Trump has such a great financial record. You sure look the other way with the people you want to huh KF? Want to talk about some other local politicians personal finances? I'm game.
Well, this seems to be a running theme. Wasn't Yarber's house written off by Wells-Fargo after he stopped paying for the property?
Typical.
STOP electing broke ass people into office! It seems like the only way a person in Mississippi can become rich is by being a politician, a pastor of a Christian church, or a director of a nonprofit organization!
Does Canton have a travel ball team?
how else he to get paid?!
8:45, I thought I was the only one that was beginning to think that! But, it seems like you and I are right. Want to steal money? Go into politics. Want to become wealthy? Go from a small church to a mega church and make it into a business. Don't hear about the non-profits, but I'm sure they are loaded with high salaries and multiple friends and family. Or would I be confusing that with the City of Jackson administration?
if a person can't run their own personal affairs, how they gonna run a city?
Am I missing something? Guy gave more than 10,000 to Canton Boys and Girls Club and just on his Facebook page 2500 to some Heart Association. Something ain't right. It's more to this story than this. I'm just saying.
if a person can't run their own personal affairs, how they gonna run a city?
It didn't stop the mental giants in Canton from electing Bill Truly.
He had a personal and TWO business bankruptcies.
It is absolutely no impediment to civic leadership in Canton. Rodriguez Brown is a common street thug. Louis Smith (I think) is still doing time for a federal bribery conviction. Vicki THE WIG McNeill was caught lying under oath in a civil deposition.
Canton, sadly, is a smaller version of Jackson.
I'm putting together a travel ball tournament in Canton. Let me know if you are interested in playing.
2:24 several civic leaders in Canton are supporting Green
Green figured that if Yarber could become Mayor and suddenly have his mortgage disappear for no "obvious" reason, then why should he be paying his house note. If he can just get past next week and then win (which he's not going to do) then there was no reason to send in those pesky notes.
Don't know if he was quite as bold as Yarber - purchasing a house for 60k, refinancing at 90k, and then praying it away. Green evidently needs to get into some serious praying.
Green is a broke fraud. He claims to be an insurance agent and claims to "own" Green Oak Insurance Group that uses his foreclosed house as the office address. He's unemployed but I believe that his wife still works at chicken processing plant. He isn't a licensed insurance agent according to Department of Insurance and that isn't a real insurance company. He claims to have given so much money on Facebook to charity but are all lies! He is a big liar and is mentally unstable!
3:51 - To forestall confusion, can you please define 'civic leaders in Canton'?
10:03 several business owners around the square. They have made their support abundantly clear.
Canton has suffered from poor leadership for almost 20+ years. It's truly sad.....the Canton I grew up in was as idyllic as it could be! The only good thing about Canton now is the Canton Flea Market, if you can call that good. So many businesses have left Canton, especially on the Square. I left years ago and my parents hung in there until about 5 years ago.
@10:44 what is sad is your lack of knowledge. The square has more business' now than it has in 10-15 years. Some buildings have even been purchased and renovated and are open as nicer stores, or even an event venue now. I guess the main problem I have with people like you is, if Canton was so bad that you left, then your parents left, why is it important to you to comment about it? What's your point? Do you have a goal? If you cared for Canton as you try to act like you do, why did you leave? Why didn't you try to help?
@1:58.....My lack of knowledge? I lived there from the time I was born until I was 20.....Found a job outside of Canton and moved. There WERE NO jobs in Canton back then. There was little or no crime back then; now crime is rampant. I've had friends and relatives burglarized all the time! Why do I comment now? Why is it any of your business why I comment now? I simply meant that Canton is NOT the small, idyllic town that I grew up in. We could walk or ride our bikes all over town and not worry about anything happening to us. Do you see that now? Why didn't I try to help? I was helping out in the town that I now reside. I still have family in Canton and when I go to visit it's simply depressing! Get over yourself! If you want to make Canton so much better then run for public office and make a difference! Geesh.....you can't even comment on this site without people like you trashing one another.
Did you see the text Green sent to Mayor Bolden? There was a screenshot on Facebook. Said "you want to play with me?" Threatened to slap him "right across that bald ass head"! Yeah, I want someone with that character and demeanor as my mayor. These civic leaders and business owners need to wake up!
@4:08 yeah Green should be arrested and disqualified for that! Arnel is an elected official! If he had sent that to Mary Hawkins, Michael Guest would've sent him up the river by now!!
@4:08 so you have to follow Bolden on FB to see what your speaking of. @5:42 you sound like a huge douche if you think someone should be arrested for that, good grief, please respond and tell me your joking!
@5:42 if he does get arrested, at least he'll have a place to sleep cause the clock is ticking before Sheriff's Deputies will be knocking on his door evicting him for foreclosure LOL!!!!!!!!
@7:12 calm down you don't have to call 5:42 a "douche", that's the kind of angry rhetoric that Green uses himself! 5:42 was right, Green was out of line for threatening the mayor! Green needs to take of home instead of sending threats because his wife and daughter are gonna be homeless on May 11th!!
1:58 when I read your comment asking 10:44 why they didn't stay and help I had to laugh. The problem with of the Canton population is that they don't care to help themselves. Go to CMU on cut off day and see the long line of customers waiting to the last minute to pay their utility bills. Drive on almost any pot hole filled street in Canton and look at homes almost inhabitable that once were nice homes. Ask where the parents are at the local PTA meetings? Want to make money in Canton, go have a baby, as a matter of fact have 3 or 4 of them. Then claim that each child has a disability and collect money for that from the government. Don't think it doesn't happen? Visit any bank or pay day lender in town on the 3rd of the month and look at the long lines of people getting their "benefits". If people in Canton cared the first thing they would do is get rid of most of their crooked, adulterous, self serving aldermen and then get a job.
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