Council Hears How Slumlord’s Empire Came to Sit in the Hands of Philadelphia Banks

Thanks to our friends at Baltimore Slumlord Watch for the heads up on this:

Yesterday, Philadelphia City Council’s Committee on Housing and the Homeless heard from the victims of slumlord Robert Coyle, the Kenzinger whose empire of low-value homes in Kensington and Port Richmond once numbered in the hundreds — until Coyle defaulted on millions in mortgages he had borrowed from local banks.

He is also accused  of enticing “buyers” of his properties with bogus “rent-to-own” agreements — in some cases written, in others  simply verbal. Coyle is now rumored to be living in New Jersey.

Read more from Philadelphia City Paper.

One thought on “Council Hears How Slumlord’s Empire Came to Sit in the Hands of Philadelphia Banks

  1. Pingback: Tweets that mention Council Hears How Slumlord’s Empire Came to Sit in the Hands of Philadelphia Banks « Abandoned Philadelphia -- Topsy.com

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