$450,000 buys home of Providence mayor's dad / photo
11:23 AM Wed, May 13, 2009 | Permalink
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Providence Journal photo / Kathy Borchers Joe DeAngelis, attorney for eventual winning bidder Robert Campellone, looks at the four-family townhouse at 422 Broadway that is part of the Colin C. Baker row in Providence.
A four-family townhouse at 422 Broadway in Providence was sold for $450,000 Wednesday morning at a foreclosure auction on the premises. The historic Colin C. Baker brick row house is the home of Providence lawyer John F. Cicilline, the father of Providence Mayor David N. Cicilline, but had been owned by Lantern Holdings LLC before the foreclosure sale. The winning bidder, who said his name was Robert Campellone of Campellone Realty Co. LLC, a commercial real estate company in Providence, was represented at the auction by lawyer Joseph DeAngelis. Campellone said he had no plans to evict any tenants of the building or reuse the site for another purpose. Other bidders in the sale included lawyer Scott A. Ritch, representing the owner of the first mortgage, BankNewport, and Ajay Seth, who said he was representing Blue Dog Investments of Providence. Seth was in constant cell phone communication with another party during the sale, and he was the second-highest bidder. The bank stopped bidding around the $430,000 mark, and the last minutes of the bidding were a contest between DeAngelis and Seth. The sale attracted a number of spectators, including lawyer Michael Voccola of the Procaccianti Group. 
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Where is the rest of the article? They are hiding something & we are losting our home & they are taking them right under our feet.
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Tony: What are you talking about? Do you mean all the people that bought houses that they couldn't afford and then lost them at foreclosure? Nobody is hiding that, quite the opposite, it's in the mainstream media everyday. I personally can't thank all those people enough for creating a wonderful investment opportunity for people like me.
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