Could Old Town Lose Its Post Office?

A Manassas woman who plead guilty to bilking hundreds of people out of millions of dollars in an mortgage elimination scheme earlier this year has yet another victim: the Old Town Manassas post office.

A Manassas woman earlier this year has yet another victim: the Old Town Manassas post office.

The Washington Post is reporting the building that houses the post office, located at 9108 Church Street in Old Town Manassas, has been seized by Federal Marshals.

is owned by Linda Sadr, 52, of Manassas, who was convicted after she fraudulently told homeowners she could eliminate their mortgages by challenging the lenders for their purported illegal actions.

Chief among Sadr's assets seized during the investigation was 9108 Church Street. The city sold the building to Sadr in 2006, and it is now expected to be sold or go to auction, according to the Post. The new owner may or may not decide to continue the agreement with the city to lease the space to the post office.

. Sadr was also ordered to pay more than $9 million in restitution to the victims and her time in jail will be followed by three years of supervised release.

Sadr's victims were required to refinance their mortgages with maximum cash-out refinance loans, paying 10 to 15 percent of the proceeds to Sadr or to one of the businesses she controlled. 

Clients were also required to give Sadr the equivalent of 12 to 18 months of advance mortgage payments to be held in “escrow,” an amount that Sadr claimed she would use to pay the refinanced mortgages for the homeowner clients until their mortgages were eliminated. But none of the more than 150 participants in the program received reconveyances on their homes and none received refunds from Sadr for the fees that were paid to her.

Howard 2374 December 26, 2011 at 09:52 PM
Please keep the public posted on when the building is going to go under the hammer. I'd be glad to purchase it and ensure the Post Office has a place to serve the down town community. It's my favorite post office.


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