latest Parlato foreclosure & resale:
204 Sumner (2 family house)
Cost to HUD & taxpayers $50,000

The facts:
sold to Franklin Enterprises 1/13/95: $20,350
sold by Parlato 3/14/95: $37,900 (Parlato profit $15,000(?)
foreclosed to HUD 5/7/98 $51,500
Resold by HUD 6/22/01 $ 1, 500
Cost to HUD $50,000
Cost to neighborhood . . . many times more

COMMENTS PLEASE?
We've had casinos of a sort in neighborhoods for a long time.
Buying a house from Parlato certainly was a crapshoot, with him always
winning!
And the banks!
As HUD winks!
Bible passage please?

RK