Fannie Mae Sues Philly Landlord Philip Pulley for $60 Million Over Defaulted Mortgages

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Fannie Mae Sues Philly Landlord Philip Pulley for $60 Million Over Defaulted Mortgages
Philip PulleyFannie MaeLawsuit
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Government-controlled mortgage financier Fannie Mae has filed a lawsuit against real estate companies affiliated with notorious Philadelphia landlord Philip Pulley, alleging they defaulted on seven mortgages totaling $59 million. The lawsuit comes as Pulley is expected to plead guilty to federal voter fraud charges.

Fannie Mae filed the lawsuit the same month Philip Pulley is expected to plead guilty to federal voter fraud charges.

The lawsuit claims that the Pulley-affiliated real estate companies owe $59 million on loans that range from just over $6 million to nearly $14 million. The companies owe an additional $1.2 million in interest, which grows daily by roughly $6,600. called “Stonewall Manor” and a waterfront house in Lighthouse Point, Fla., has a reputation among tenants, ex-employees, and city lawyers as someone who runs his apartment complexes on the cheap.against Pulley and his companies, accusing them of “deplorable conduct” for managing buildings with substandard living conditions and retaliating against tenants who complain. That case is ongoing., double voting, and falsely registering to vote.

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Philip Pulley Fannie Mae Lawsuit Mortgages Voter Fraud

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