Foreclosure added to Graziano’s legal troubles
November 20, 2009
Tampa Bay Online
http://suncoastpinellas.tbo.com/content/2009/nov/20/accused-trying-have-wife-killed-graziano-now-faces/
CLEARWATER - While Edward Graziano sits in jail awaiting trial on charges he tried to have his wife killed, a bank is foreclosing on his Dunedin home.

The Bank of New York filed the mortgage-foreclosure action last week in Pinellas County Circuit Court.

According to the property appraiser’s office, Graziano bought the home at 1225 Curlew Road in 1993 for $144,500.

In February 2007, he took out a loan on the property for $479,750, with an adjustable rate mortage with percentage rates ranging from 10.280 to 17.280, according to court documents. That year, the property’s just market value was $274,600.

Graziano’s initial monthly payments were $4,179.51. But he stopped making payments as of May 2008, setting the foreclosure in motion. He owes $512,065 on the property, documents state.

If the house sells for less than Graziano owes, he could be held liable for the difference.

Graziano’s son, John, was injured in August 2007 while a passenger in a car driven by Nick Bollea, the son of wrestling icon Hulk Hogan.

The guardian for John Graziano is suing Bollea, Hogan, Hogan’s ex-wife, Linda Bollea, and Danny Jacobs, who investigators say was racing Nick Bollea at the time of the wreck.

The lawsuit seeks millions of dollars for John Graziano’s care.

In February, Edward Graziano was arrested on charges he tried to hire a hit man to kill his then-estranged wife.

According to court documents, Graziano didn’t have a job at the time and feared losing his home. He apparently thought that with his wife out of the way, he would stand to receive a greater percentage of any settlement or jury award – or be in control of it.

Edward Graziano’s home in foreclosure
Rita Farlow, Times Staff Writer
November 19, 2009
St. Petersburg Times
http://www.tampabay.com/news/courts/civil/edward-grazianos-home-in-foreclosure/1052940
CLEARWATER — A New York lender has filed a lawsuit to foreclose on Edward Graziano’s 2,400-square-foot Dunedin home.

The suit says Graziano has missed each of his $4,172 monthly payments since May 2008.

Graziano, 54, is the father of John Graziano, who suffered severe brain damage in August 2007 while riding in a car with Nick Bollea. Nick Bollea is the son of wrestling star Hulk Hogan.

Graziano has been at the Pinellas County Jail since February, when he was arrested on a charge of solicitation to commit murder. Authorities allege that Graziano tried to hire a hit man to kill his estranged wife, Debra.

Debra Graziano transferred exclusive ownership of the home to Edward Graziano in May 2005, according to court records.

The lawsuit, filed by Bank of New York in Pinellas County on Nov. 10, seeks $512,065 in principal, interest accrued since May 2008, late charges and court fees.

Court records show that Edward Graziano took out a $479,750 mortgage on the home in February 2007.

The home, at 1225 Curlew Road, has a 2009 market value of $160,897 on county tax rolls. Comparable sales list the value at $281,900.