Attention residents of North Miami: Would you like to learn how to prevent your home from going into foreclosure? Your esteemed mayor, Andre Pierre, would like to teach you how to avoid the pain and mounting legal costs of fighting a bank trying to take away your home, so he's presenting a seminar on the subject next Wednesday.
You may want to take his advice with a hefty grain of salt, though. Pierre was unable to prevent his own house from going into foreclosure a couple months ago.
Pierre certainly knows all about the subject. Bank of America started foreclosure proceedings in February against Pierre's 11,000-square-foot property in Sans Souci Estates.
Pierre's office sent this flier out to constituents yesterday afternoon:
State records show he bought the place for $353,000 in 2003 and now has a $432,000 mortgage even though the home's property valuation has recently sunk to $230,000.
Pierre told the South Florida Business Review in March he was "in the process of negotiating" a settlement, but court dockets show the case is still open.
A city spokeswoman didn't return a call or an email from Riptide about the flier; Pierre also hasn't responded to an email. If we hear back we'll update the post.
Yes, this workshop is taking place on Wednesday. The Mayor, as well as other council members, have hosted such meetings in the past, bringing together tools and resources for the community affected by the downturn in the economy, job loss, etc. Meetings on foreclosure assistance, housing programs, home energy savings, etc. have been held in the past and will continue to be done as long as there is a need in the community.I will not comment as to the Mayor's personal business.