More Real Estate Corruption in Monmouth County

"TINTON FALLS — During the borough's housing boom over the past decade, a major developer known as the "deputy mayor" gave the borough administrator's son a private mortgage in 2001 when he needed to "get his life in order."

That 6 percent simple-interest loan allowed the son to buy one of the developer's condominiums in the Fox Chase development and then sell it, less than two years later, for $72,000 more than he paid, according to public records."