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hiladelphia landlord Philip Pulley is facing a $60 million lawsuit filed by Fannie Mae due to alleged defaulted mortgages in Philadelphia and Delaware County. The lawsuit claims that Pulley's affiliated real estate companies owe $59 million on seven defaulted loans, ranging from $6 million to $14 million each, along with $1.2 million in accruing interest daily. Pulley is the guarantor of these loans, and his business entities used to obtain them have peculiar names like DeVil Management Corp., Satan Management Corp., and Lucifer Management Corp. Despite the lawsuit, Pulley has chosen to remain silent on the matter.

    Pulley's legal troubles do not end there. The Pennsylvania Attorney General's Office has filed a consumer-protection complaint against him for his alleged "deplorable conduct" at his properties and tenant retaliation. Tenants held a rally outside City Hall in protest of Pulley's alleged misconduct, labeling him a "slumlord bully." One of his properties, Lindley Towers in North Philadelphia, partially collapsed in 2022, prompting city officials to aim for its demolition.

    Federal prosecutors have charged Pulley with election fraud, alleging that he voted more than once in multiple elections using a fake Social Security number. The hearing for this case has been postponed until the end of the month, while he also faces similar charges at the state level. Adding to his troubles, Pulley is facing a lawsuit in Florida for an alleged unpaid balance for work on a boat dock, as he owns a waterfront home in Lighthouse Point in Florida and a gated estate in Montgomery County.

    In related news, another co-conspirator of Boruch Drillman has pleaded guilty in a mortgage fraud scheme, while Upper East developer Penny Bradley has been found guilty of mortgage fraud. These cases highlight broader cracks in small-time commercial lending, exposing a mortgage fraud scam that has left many questioning the integrity of the system.