Colorado Springs City Manager Penelope Culbreth-Graft, who is facing foreclosure on the ocean view home she owns with her husband in Huntington Beach, Calif., has put the home back on the market, a real-estate blogger for the Orange County Register has reported.
Click here to read the blog.
To check out the listing for the home and see pictures of what it looks like, click here.
Culbreth-Graft, who used to be city manager in Huntington Beach before becoming city manager in Colorado Springs in January 2008, did not return a request for comment today.
But last year, she told the Colorado Springs Independent:
“My husband and I have basically lost everything for coming here. If we’d known the global economy was going to collapse, we would have done a lot of things differently, no question about it,” she was quoted as saying.
“I don’t like being cagey and nontransparent, and I wish I could scream from the top of the hills why this is going on, but I can’t do that yet,” she said, according to the Independent.
In addition to facing foreclosure, Culbreth-Graft and her husband, William, are being sued for allegedly failing to pay one of the mortgages on their two-story, Cape Cod-style home.
In the past, City Council members have supported Culbreth-Graft and said she is “facing the same kind of financial problems that many Americans are facing.”
But Culbreth-Graft’s personal problems have generated ridicule in the community, especially because she and her husband purchased – according to county records – a $875,000 home in the Broadmoor area the same month she started her new job in Colorado Springs.