Long Beach Councilman Steve Neal's ho...

Long Beach Councilman Steve Neal's home in default

There are 138 comments on the Long Beach Press-Telegram story from Sep 20, 2010, titled Long Beach Councilman Steve Neal's home in default. In it, Long Beach Press-Telegram reports that:

Ninth District City Councilman Steve Neal has defaulted on his home and it is scheduled to be sold at auction Oct.

Join the discussion below, or Read more at Long Beach Press-Telegram.

First Prev
of 7
Next Last
Tired_of_nonsens e

North Hollywood, CA

#1 Sep 20, 2010
His version of the circumstances reek of mistruth and deception.
He borrowed 550 K on a house he purchased for 300 K and he's blaming the lender?
C'mon...give me a break. And now, he wants the government to help pay the loss.
What did you REALLY spend the 550 K on, Mr. Councilman?
Dan in South Bay

Lawndale, CA

#2 Sep 20, 2010
He re-fied how many times????? Sound like several bad decisions. Why do people like this continue to get elected to represent us? I am ashamed at our society that thinks this behavior is acceptable. Live within your means..don't use backrupcy laws to line your pockets. You Mr Neal have NO Cedibility!
OMG

Pleasanton, CA

#3 Sep 20, 2010
SO, let see the good councilman used his modest home as an ATM, took the cash to live the high life and now wants the taxpayers to be burdened with his debt . Typical, he should resign immediately for his lack of responsibility and theft.
Christine

Long Beach, CA

#4 Sep 20, 2010
It's clear the problem here is that he refinanced 5 times in 7 years, taking money out each time - not the ARM. I too wonder where the extra 250 thousand went - maybe to a remodel that will never be worth the amount spent.
popcorn

Ontario, CA

#5 Sep 20, 2010
Yep, extracting 250k, then thinking he has a legal remedy besides bankruptcy is a sure sign of a heavy mortgage abuser.

Then this guy has a hand in city budgets. sad....
Uh huh

El Segundo, CA

#6 Sep 20, 2010
Being that stupid should get him kicked off the City Council.

If people can't manage THEIR OWN LIVES, why is it they should be trusted to make decision that affect ALL CITIZENS?!?
In the neighborhood

Downey, CA

#7 Sep 20, 2010
My line of thought, if he's in this much finanial trouble now, long will it take him to be guilty of taking some kind of graft. They say everyone has their price.
Boober

Los Angeles, CA

#8 Sep 20, 2010
Pretty much sums up everything about America.

Stupid, stupid borrower.

Used home as an ATM.

Can't read a document.

Wants a bailout by someone other than himself.
zookeeper

Long Beach, CA

#9 Sep 20, 2010
He can't even manage his own finances...that mkes him perfect for our City Council
Tom

Upland, CA

#10 Sep 20, 2010
And yet he opposes gay marriage.
Concerned American

Montrose, CA

#12 Sep 20, 2010
Looks to me like he's preparing for a run for Congress. A couple more foreclosures under his belt and he will be a prime candidate for the Dem's.
heidi

West Covina, CA

#13 Sep 20, 2010
What ever happend to responsable, educated people with morals? This guy has no common sense and should not be city councilman.
Eric

Surfside, CA

#14 Sep 20, 2010
I can't believe this guy bought a house for 300K, refinanced it then owed over 500K and thinks he should get a loan modification.

He should not be involved with the Long Beach budget.
Take responsibility

Seal Beach, CA

#15 Sep 20, 2010
Council members, he said [Steve Neal], aren't "responsible for managing the city budget."
Ninth District City Councilman Steve Neal's personal business is his own, but when it comes to the City of Long Beach's finances, he is in a position to approve and disapprove expenses. Poor stewardship on the part of union sponsored city council members has resulted in the current $18.5 million deficit.

Ignorance is no excuse, take responsibility. You owe that much to your constituents.
Mark Henson

United States

#16 Sep 20, 2010
That's why the City is going bankrupt, we elect unqualified union lackeys because they have the money to buy elections. The City counsel should be run part-time by volunteers who have a stake in the community.
lb - mom

Los Angeles, CA

#17 Sep 20, 2010
We should have disclosure of personal financial information on all elected officials...we do it before we invest in a company why not on our officials who we intrest with our tax money. If the officials cannot manage thier own household I will never vote for them.
Zeenest

Los Angeles, CA

#18 Sep 20, 2010
Five re-fies,.,.,.it's people like this that led our Nation into the crisis that we are barely starting to get out of,..,and this guy was elected to LB City Council?

You have to wonder how much stupidity he will instill into the City Council as he attempts to spend out tax dollars and in most cases in North LB- where the tax base is minimal.

It's freeking amazing !
Zeenest

Los Angeles, CA

#19 Sep 20, 2010
THESAULSTER wrote:
how about we turn his house into a crackhouse?
Sounds great, but only if we rent rooms to Richardson, Rangel and Maxine Waters!

Woooooooo, what party pad!
Laura

Redondo Beach, CA

#20 Sep 20, 2010
How can you let this happen? Let me know if I can help.
Tired_of_nonsens e

North Hollywood, CA

#21 Sep 20, 2010
Tom (from Uplans) said:

"And yet he opposes gay marriage. "

Well Tom, at least Councilman Neal has some common sense and redeeming values.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker
First Prev
of 7
Next Last

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Artesia Discussions

Title Updated Last By Comments
News UCLA FOOTBALL NOTEBOOK: Neuheisel says Prince w... (Sep '10) 13 min Trojan 35,592
News The 25 Most Dangerous Cities in the U.S. Are Mo... (Nov '10) 13 min Dangerous citys 21,447
people in military bases in France in the sixties (Mar '07) 13 hr JIM H 3,776
Mendoza Announces Plans to Run for Re-election 15 hr Voting Yes 2
Taylor Ranch Park 17 hr No more 12
LMSA Soccer (Feb '10) 18 hr Club dad 10,803
the oldest and largest gang in whittier- wvls (Dec '07) 20 hr TellitIsnt 72

Artesia Jobs

More from around the web

Personal Finance

Artesia Mortgages