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N.C. House candidate has nearly $85,000 judgment against him
by Imari Scarbrough
Staff Writer
Oct 30, 2012 | 9980 views | 7 7 comments | 8 8 recommendations | email to a friend | print
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Mark Brody, the Republican Candidate for NC House District 55, and his wife, Lisa Marie Brody, have a judgment against them by BB&T, according to an abstract summary of the civil case at the Mecklenburg courts.

The money is broken down into a $53,646.80 money award, $10,904.28 in costs and fees, and $19,931.45 in interest, bringing the total balance to $84,482.53, according to the abstract.

The Brodys filed a counterclaim Nov. 1, 2010, saying that “Branch Bank and Trust (BB&T) was and should be held responsible for the collapse of the mortgage industry in the United States thus the collapse of housing prices causing the defaults and deficiencies regarding Loans 1 & 2,” and that BB&T “was and should be held responsible for the collapse of the construction industry in the US thus the collapse of new housing starts causing the equipment brought with Loan 46 to stand idle for lack of available work.”

The Brodys also asserted that BB&T violated a number of rules, regulations and laws, including failing to accurately assess their assets and cease lending if the actual value of their assets fell below that required per the federal and state regulations, among other violations, according to the counterclaim.

One citizen submitted a letter to the Record, saying that in Brody’s other papers he “has issued supporting his candidacy, he has espoused that he is a responsible citizen, who should be given the responsibility of running the state’s financial matters. We submit that he would do well to start at home.”

Brody’s campaign defended Brody, saying that the economy was to blame. They did not issue an official statement in time for print.



Comments
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JacksonF
|
November 01, 2012
Just got back from www.deadbeatbrody.com.

Why did Brody represent himself in the case? Seems irresponsible. I don't want a legislator that thinks he's a legal expert when he hasn't even gone to law school.

What next? Will he pretend to be an expert on transportation or education?

Why can't be just have honest politicians?
PoppyD
|
October 31, 2012
I would be very interested the full story, not just what Mark Brody's opponent wants me to know. What caused Mark Brody's business, like so many in construction, to close? Are all small business owners whose businesses closed in this economy irresponsible as this article and subsequent comments seem to imply? I would think not. I would also be interested in knowing what steps Mark Brody took to work with the bank to ensure they were paid, preserve his business, get businesses he worked with paid and continue to provide jobs for his employees. Obviously, Mark Brody's opponent doesn't want me to know that. Mark Brody must be a very powerful man to,singlehandedly, bring down the housing market across the nation. Odd that I didn't hear that on the news. Wasn't it the government and banks that destroyed the market?
BillyT64
|
November 01, 2012
All business owners whose businesses closed during the recession may not all have been irresponsible -- but one thing that is a FACT is that the small business owners who were left holding unpaid bills due by Mr. Brody had to go to COURT to collect payment. Mr. Brody did not try to work it out with them. He did not try to arrange for partial payment or a payment plan. He ignored them until they had to spend the time and money going to court to get paid what they were owed. Now Mr. Brody is not hurting as badly as many people. He seems to live a pretty nice lifestyle to me. The people he left holding the bag have families they are supporting, too. Mr. Brody should have done the right thing and tried to work something out with them, not made them sue in court. That says a lot about Mr. Brody and I don't need his opponent or his campaign manager to tell me what it says.
Sally45
|
October 31, 2012
Due to the economic situation that occurred from 2009 to the present, Trustway Homes Inc. was closed but did not file bankruptcy. All employees that were employed at that time were paid up to date wages and 75% of subcontractors were paid in full.

Five out of six corporations that Mark Brody owned were dissolved and had no employees nor hired any subcontractors. These businesses were created for future green construction. Due to economic conditions it was decided that it would not be conducive moving forward with these entities.

The three issues in question concerning sub-contractors have either been partially paid and settled or legally dismissed. One of the clients, Carolina Flooring, had given notice of voluntary dismissal with prejudice in this case. Documents were filed February 6, 2008, case closed. Mark Brody had the opportunity to file bankruptcy and has chosen to work through these issues and attempt to repay his debt.

If there are any further questions, please feel free to contact me Ric Bannon by e-mail.

Ric Bannon

Campaign Manager

Ricbannon1@earthlink.net

LaserFocus
|
October 31, 2012
What's the problem here?

Are you kidding me? What a joke.

Why can't the person seeking our vote for public office to speak for himself? Can we get Mark "Deadbeat" Brody's email address? Would "Deadbeat" Brody answer?

Why does "Deadbeat" Brody have to stonewall reporters and hide behind some "Campaign Manager?"

Is Ric Bannon going to answer "Deadbeat" Brody's constituent mail if the "Deadbeat" is actually elected?

Good grief. Can we get some personal accountability here? Can we even get an answer from the candidate? Or is the check in the mail?
BillyT64
|
October 30, 2012
Anyone can fall on hard times and default on a loan. But what's not excuseable is that he is trying to evade responsibility for it and blaming the bank. Worse, if he owes a lot of other businesses money and won't pay them then that shows a pattern of being irresponsible and shady. Small business owners have families to support and mouths to feed. What right does he have to steal from others by taking their services and goods and not paying for them? Who does he think he is?
LaserFocus
|
October 30, 2012
How can we send this deadbeat to Raleigh to appropriate a $20B state budget when he owes money all over North Carolina???

And how can this clown preach personal responsibility when he's trying to slip out of his bank debt by blaming the BB&T for the Wall Street mess, soft housing market, and his own financial mess?

For more information on what Mark Brody owes, click onto www.deadbeatbrody.com.

Brody's only defense is to stonewall and say nothing. Imagine the conduct if we send him to Raleigh. No way.
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