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Homes, Offices RaidedCuyahoga County Auditor's Home For Sale
POSTED: 12:21 pm EDT September 5,
2008
UPDATED: 2:13 pm EDT September 10,
2008
MAYFIELD VILLAGE, Ohio -- One of the homes raided in the Cuyahoga County corruption probe is now up for sale.County Auditor Frank Russo put his Mayfield Village home on the market recently.Investigators searched county offices and some officials' homes, including Russo's, during raids in July.A search warrant showed that federal agents were looking into the investments and real estate of Cuyahoga County Auditor Frank Russo.NewsChannel5 chief investigator Duane Pohlman dug into the real estate records provided by a licensed appraiser, which reveals the home's history.In May 2006, the home was bought in a sheriff's sale for $355,000 by FSLA Cleveland. Then, less than a year later in April 2007, Russo bought it for $275,000.An expert in short sales told Pohlman that the lower price Russo paid is not unusual.At the same time, records show Russo received a conventional loan from Parkview Federal Savings and Loan for $175,000. Three months, later he had another loan from Parkview for $100,000; three months after that, a loan for $200,000.
Previous Stories:
- August 1, 2008: Investigation Looks Into Value Of Frank Russo's Mansion
- August 1, 2008: Should Dimora Resign As Democratic Party Chair?
- July 31, 2008: Dimora Shows For County Commissioners Meeting
- July 30, 2008: Governor Weighs In On Feds' Investigation In Cuyahoga Co.
- July 30, 2008: Additional County Contractor Relationships Revealed
- July 30, 2008: $17 Million In Contracts Awarded To Raided Business
- July 30, 2008: County Auditor Says Raid Came As Surprise
- July 30, 2008: List Of Items Taken From Dimora's Office Released
- July 29, 2008: Boxes Loaded Into U-Haul After Raid On County Offices
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