Bank asks for third party for apartments

September 10, 2009 12:00:00 AM PDT
Wells Fargo is asking for an outsider to takeover management of a neglected apartment complex in East Palo Alto.

MOST POPULAR: Video, stories and more
SIGN-UP: Get breaking news sent to you from ABC7 News

There are 1,800 units in the Woodland Park apartment complex.

Residents say trash has stacked-up and the swimming pool has become filthy since last month, when management company Page Mill Properties missed a $50 million payment to Wells Fargo Bank.

Then last week, Page Mill shut-down its on-site office for a few days.

Wells Fargo is asking for a court-appointed receiver -- a third-party -- to make sure the complex is well-managed while the bank and Page Mill work out their problems.

Read the original story: Residents upset with apartment conditions

       Today's latest headlines | ABC7 News on your phone
Follow us on Twitter | Fan us on Facebook | Get our free widget


Load Comments