John Pike could no longer afford his mortgage, after the housing market crashed
By Matt Smith on November 23, 2011 - 6:45 p.m. PST Source: The Bay Citizen (http://s.tt/149Pk)
Pike, who was placed on paid administrative leave pending an investigation into the Nov. 18 incident, last year emerged from a bankruptcy where creditors took possession of his pickup truck, his wedding ring, his barbecue grill, several handguns, and even $265 worth of clothing.
Pike earns more than $110,000 a year as a UC Davis police lieutenant. But federal court records and county mortgage records reveal that Pike and his wife, Erica, borrowed heavily before the 2008 financial crisis, and were left insolvent when the value of their Roseville home declined.
3 Comments:
The nonchalance is amazing.
Here you go, let me ruin your health ths morning.
although nothing much surprises me anymore, this one absolutely appalled me to the core.
Pepper-Spray Cop's Money Troubles
John Pike could no longer afford his mortgage, after the housing market crashed
By Matt Smith on November 23, 2011 - 6:45 p.m. PST
Source: The Bay Citizen (http://s.tt/149Pk)
Pike, who was placed on paid administrative leave pending an investigation into the Nov. 18 incident, last year emerged from a bankruptcy where creditors took possession of his pickup truck, his wedding ring, his barbecue grill, several handguns, and even $265 worth of clothing.
Pike earns more than $110,000 a year as a UC Davis police lieutenant. But federal court records and county mortgage records reveal that Pike and his wife, Erica, borrowed heavily before the 2008 financial crisis, and were left insolvent when the value of their Roseville home declined.
Source: The Bay Citizen (http://s.tt/149Pk)
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