Transcript
  • ASBURY PARK PRESS :: OCEAN EDITION APP.COM $1.00

    WEDNESDAY 06.03.15

    VOLUME 136

    NUMBER 132

    SINCE 1879

    Residents of a Lakewood adult community are on the verge of los-

    ing their clubhouse and pool to a tax lien foreclosure, if they

    dont agree to pay off a developers $275,000 tax debt. hThe com-plex case may be the first of its kind in New Jersey, if not the

    U.S., according to a national trade group for community associa-

    tions. hOutraged residents of Horizons at Woodlake Greens, a 209-home,55-and-over community off Joe Parker Road, are refusing to bail out the

    developer, Glen A. Fishman, and have filed a lawsuit to stop a tax lien

    investor, Pro Capital Fund I LLC, from taking possession of the property.

    h The bottom line here is were being wronged. Plain and simple, said

    resident Robert L. Panarella, 71.

    If you take the clubhouse and thepool away, its not a community any-more, added resident and trustee RalphS. DeToma, 67.

    Members of Horizons board of trust-ees say they didnt know the lien existeduntil they were blindsided by an emailfrom Pro Capitals attorney on Feb. 12 in-forming them that the property was inthe final stages of foreclosure.

    It is Pro Capitals position that a fore-closure judgment will extinguish theWoodlake Greens residents right to usethe Clubhouse facilities, the email stat-ed. Please be guided accordingly.

    Pro Capital, based in Philadelphia,and its attorney, Gary C. Zeitz, did not re-turn calls seeking comment.

    Residents can halt the foreclosure ifthey agree to pay off the debt, the emailstated. With 209 homes, the amount

    works out to about $1,400 per household.Residents say they cant abide that op-

    tion.Glen Fishman didnt pay his taxes.

    He knew about this. He received thosetax bills. He was served with the foreclo-sure notice, said board president LynnFoxen, 65.

    So here we are, retired people, manyliving on a fixed income, looking for thatpeace and quiet. Were the only ones whodid nothing wrong, and were the oneswho have to pay the freight.

    Tax lien ties

    The foreclosure action, initiated inJanuary 2014, resulted from a chain ofevents triggered by a $1 million assess-

    TAX FIGHT OVER POOLAnomaly may cost Lakewood senior group $275,000

    ASBURY PARK PRESS FILE PHOTO

    Glen A. Fishman, Horizons atWoodlake Greens developer.

    SHANNON MULLEN @MULLENAPP

    See POOL, Page 6A

    "Glen Fishman didnt

    pay his taxes. He

    knew about this. He

    received those tax

    bills. He was served

    with the foreclosure

    notice."

    LYNN FOXEN, 65BOARD PRESIDENT

    WASHINGTON Accident-avoidancetechnology for trains will be in placefor the entire Northeast Corridor bythe end of this year, Amtrak Presidentand CEO Joseph Boardman told Con-gress Tuesday.

    The technology, known as positivetrain controls, would have preventedthe May 12 derailment of an Amtrak re-gional train in Philadelphia that killedeight people, according to the NationalTransportation Safety Board (NTSB).Positive train controls already operateon Amtrak trains between Boston andNew Haven, Conn.

    The controls have been installed onthe tracks between New Haven andWashington, but they havent been acti-vated while Amtrak tests the radio fre-quency there, Boardman told membersof the House Transportation and Infra-structure Committee. Amtrak ownsmost of that length of track, except be-tween New Haven and New Rochelle,N.Y. That section is owned by the Met-ro-North commuter railroad operatedby New York and Connecticut.

    The train that derailed probablywould have stayed on the tracks had itbeen moving slower than 98 mph,

    Amtrak:Trains tobe saferby 2016 BRIAN TUMULTY @NYINDC

    See AMTRAK, Page 6A

    WASHINGTON A federal officialsaid Tuesday he cant explain why in-surers or engineering firms may havemanipulated flood insurance claims tominimize payments to some super-storm Sandy victims.

    Brad Kieserman, deputy associateadministrator for insurance at the Fed-eral Emergency Management Agency,also said the National Flood InsuranceProgram has lost touch with its policy-holders and must be reformed. Somesurvivors of the 2012 storm didnt getthe compensation they deserved, he

    Feds, insurerslet victims ofSandy down,official says NICOLE GAUDIANO @NGAUDIANO

    INSIDE

    Update on the status of lawsuits stemmingfrom Sandy claims, PAGE 8A

    See SANDY, Page 8A

    SENATE VOTES TO END NSA DATA COLLECTION, PASSES FREEDOM ACT PAGE 1B

    Where to go for aseafood dinner atthe Shore In Table

    Top 10 Shoretrack athletesCheck out our list of all-time greats as theNJSIAA championships get underway.SPORTS, 1C

    7 tips to fight credit card rate scams. 12A

    ADVICE 7DCLASSIFIED 1ECOMICS 6DLOCAL 3AOBITUARIES 13A

    OPINION 16ASPORTS 1CTABLE 1DWEATHER 8CYOUR MONEY 12A

    ADVICE 7DCLASSIFIED 1ECOMICS 6DLOCAL 3AOBITUARIES 13A

    OPINION 16ASPORTS 1CTABLE 1DWEATHER 8CYOUR MONEY 12A


Top Related