North Miami Beach Mayor George Vallejo resolved a foreclosure on his home earlier this month.
Vallejo, who has lived at the residence in the 2900 block of Northeast 164th St since 1999, said in an email statement to the Miami Herald that the initial foreclosure was a result of the economy.
“Like countless others, my business was hit hard by the economic meltdown,” he said. “Fortunately, I recovered.”
Vallejo, who has been mayor since May 2011, owns a property-tax appeal company.
As mayor, he makes $3,600 annually, but has an additional expense account of almost $27,000. Like most South Florida cities, North Miami Beach has a “weak mayor” system, in which the mayor is chairman of the City Council but has no executive power.
According to Miami-Dade Circuit Court records, Bank of New York Mellon started the foreclosure action Jan. 9.
Vallejo had the foreclosure settled and dismissed Feb. 1. He said the situation is “hardly unique.”
“I worked very hard to fix this matter, it’s been resolved, everything is up to date, and now it’s behind me,” Vallejo said.
Still pending is a suit filed by Wells Fargo in 2012 against Vallejo and his company, GV Enterprises, in connection with a debt.
“That’s a business matter, and I’m working with my attorney to try and resolve it,” the mayor said.