"Newport councilman may have breached loan agreement."
Councilman Steve Rosansky agreed to living in a home to get a lower interest rate and lower homeowner's insurance.
But...he never did, according to himself in this Daily Pilot article about his Derelict House.
The best part of the OC Register article?
"Asked for an explanation, Rosansky at first said he had in fact occupied the property and thereby satisfied the "owner-occupied" provision because – in his words – there was no requirement for the property to be occupied for a specific length of time.
But that is not the case; the deed requires the property to be occupied within 60 days and used as a principal residence for at least one year. Told of that clause, Rosansky said he would have to review the deed before commenting."
After reviewing it...?"This is a personal financial matter and therefore I have no comment."
Oops.
No Comment?
No Comment because perhaps he committed a little bit of a no no, which fortunately for him, no local law enforcement agencies bother to enforce?
Should have thought about what you were going to say before you said it to the Jeff Overley of the OC Register huh?
It appears that Councilman Rosansky is his own worst enemy.
No comments:
Post a Comment