Mayor of Trenton, N.J., Faces Forecloseure

Mayor Tony Mack of Trenton, N.J., has a bird's eye view of the housing crisis. According to local media reports, Mack's family home is facing foreclosure.

Mack, who took over the leadership of New Jersey's capital city in June, owes his lender $369,000, according to Philadelphia's 6ABC. No one close to the mayor would comment about his finances to the television station. Mack didn't respond to DailyFinance's request for comment, and the explanation he offered The Trentonian newspaper was interesting, to say the least.

"If Donald Trump filed bankruptcy, then nobody's on safe ground," Mack is quoted as saying.

Money problems are nothing new for Mayor Mack. As the Associated Press noted, on the day of his victory, Mack had to quell a crowd of more than 300 angry campaign workers who claimed that they were short-changed.

Mack, the city's first new mayor in 20 years, grew up in Trenton, and no doubt has witnessed its decline over the years. He has a bachelor's degree from Howard University, a master's degree in public policy from Farleigh Dickinson University, and is completing work toward a Ph.D., according to his campaign website.

Foreclosure filings in New Jersey have doubled over the past year, and every one of them is a tale of heartache and woe. Mayor Mack, an educated and accomplished person, would do the public some good if he opened up about his financial problems.