Will the District Attorney’s Office Go After Al Hill III?

Some more information has come trickling in about the Hill settlement. Still no one involved will say what the final figure was, but I’m now thinking it’s less than the $125 million I originally guessed. Much less. Just guesswork. So take that for what it’s worth.

There’s another question about this whole clustercuss that has yet to be answered: will the DA’s office go after Al Hill III and his wife, Erin, for shenanigans related to the house in which they live? I know that folks from the DA’s office have interviewed relatives about the matter, which breaks down like this: in 2004, the Hills sold 80 percent of their Bordeaux Avenue home to a Hunt family trust for $3,100,000, according to court filings. But then, in April 2009, the Hills took out a $500,000 home equity loan on the house at 6.5 percent — without letting the Hunt trust (meaning Hill’s father, Al Hill Jr.) know about it. The loan, made by OmniAmerican Bank, was secured by the entirety of the property. I’ve got a copy of the loan application. On it, the husband and wife indicate they own the house. All of it. Not to put too fine a point on it, then, but Erin and Al Hill took out a loan against a house they didn’t (really) own.

I asked Jamille Bradfield, spokeswoman for the DA, whether her office was pursuing a case against the Hills. She said, “I can neither confirm nor deny whether the District Attorney’s Office is pursuing a case against these individuals.” Sounds like a maybe.

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