Without knowing the specifics of the building, Mr Galdi noted several possible reasons for the property to hit sheriff sale now. The first mortgager of the property most likely instigated the process out of the belief that the property was of value to someone. Either they were approached by an outfit interested in the property or they believe that once it clears all liens and taxes, that they’d be able to put the property up for sale and find a buyer.
From Tracy O’Drain, Managing director of the Frankford Community Development Corporation:
The Frankford Community Development Corporation is pleased to announce the addition of five new Board members:
Faye Allen, Special People In Northeast and Frankford Resident
Santo Caruso, Aria Health
Herb Frayer, S & A Cleaners, Frankford Avenue
Fernando Torres, Dreamgirl Fashion & Mark My Flesh, Frankford Avenue
Mike Galdi, Century 21 Real Estate.
During the March 15th meeting of the Frankford CDC Board of Directors, four new members were added, with Mike Galdi, Century 21 Real Estate, having been added in January at the Annual Planning Retreat. The Frankford CDC can have up to 15 members with 51% having to reside in the Frankford area. In addition to the Board of Directors, the Frankford Community Development Corporation has an Advisory Council and a number of committees.
FCDC Chairperson Marie DeLany said “We are so pleased to have had such a strong response to our invitation for new board members. It is exciting that Frankford is represented by such a broad range of individuals willing to put their time and energy into our neighborhood.”
FCDC is committed to building the assets of the Frankford community by providing increased job opportunities, building affordable homes, supporting the development of increased financial resources and growing stable businesses.