Former small-town Texas mayor accused of extortion

Sep 16, 2012 | No Responses

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Texas had only an 8.8 percent negative equity rate among homeowners who owed money on their properties. The average U.S. borrower who is upside down on a mortgage owes $84,000 more than the property is currently worth. The highest negative equity
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A Texas-Sized Housing Recovery

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Former small-town Texas mayor accused of extortion

MELISSA, Texas (AP) — The former mayor of a North Texas town is accused of soliciting a $70,000 bribe to push for a deal that benefitted a real estate broker. The U.S. Dorman was mayor of Melissa — 30 miles northeast of Dallas — for 10 years. A
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