Local News

Tedesco facing home foreclosure

Posted January 19, 2011 5:36 p.m. EST
Updated January 20, 2011 8:31 a.m. EST

— Proceedings are under way to foreclose on the Garner home of Wake County school board member John Tedesco, according to documents filed this month in Wake County.

Tedesco stepped down from his job with Big Brothers Big Sisters of the Triangle last year to commit to the Board of Education and in his roles as chairman of the board’s Student Assignment Committee and Economically Disadvantaged Task Force.

Tedesco said Wednesday that he stepped down at a tough time in the economy and that it has been difficult finding another job.

He said he is working with his mortgage company to negotiate lower payments on his house.

"I have sacrificed my job, my livelihood, my career, my time and my family and the disconnect is people think I am in bed with some corporate greed," he said. "I wish I was so I would have some money to pay the mortgage." 

Announcing his decision in April, Tedesco said he had been putting in 20 to 30 hours a week on matters related to the school system in addition to his full-time job.

“Short of losing some sleep and personal time, I don’t think I’ve paid a price for the opportunity to serve the community,” he said in April of his decision. “I wanted to make a bigger commitment to our community and our kids.”