More On University Of Louisville's "Bride" "Corpse", Robert Felner.

Check out the C-J here, or below:






Felners have four homes, $1.96 million in mortgages

By Andrew Wolfson

Property records from Kentucky, Florida and Rhode Island show that former University of Louisville dean Robert Felner owns four houses, two of them with his wife, Marilyn, who recently filed for divorce.
Advertisement

They are paying a combined $1.96 million in mortgage payments, record show.

Felner also owns a black 2005 BMW and a white 2005 Lexus, according to AutotrackXP, a commercial database, and a powerboat, about a 20-footer, said Marty Bell, a Jefferson County Public Schools deputy school superintendent who said he's gone boating with Felner.

On the advice of his attorneys, Felner declined to discuss any of his assets. Marilyn Felner did not return phone calls or e-mails sent to her in Rhode Island.

Property and tax records show that the Felners bought a $318,000 split-level in Narragansett, R.I., in 2002, putting down $64,000 in cash.

In 2004, Robert Felner bought a waterfront lot and mobile home in St. James City on Florida's Gulf Coast for $320,000, without a mortgage.

Also in 2004, he and his wife jointly purchased a home on the Ohio River in Prospect, Ky., for $580,000, putting down $18,000 in cash.

The next year, again on his own, Felner bought a waterfront home on Pine Island in Bokeelia, Fla., for $1.45 million, putting down $300,000 in cash and financing the rest through the seller.

Felner was paid $174,000 in 2003, his last year at the University of Rhode Island, and $255,757 a year when he resigned from U of L, according to the universities. His wife, a systems support technician at the University of Rhode Island, makes $44,362 a year.

Mortgage experts, including David Kittle of Louisville, who is chairman-elect of the national Mortgage Bankers Association, say that a couple with a combined income of about $300,000 a year wouldn't qualify for mortgages totaling nearly $2 million, unless one or more of the properties produced income through rent.

One of Felner's neighbors in Bokeelia, Chris Bundschu, said he has seen renters at the house.

The Felners also may have reaped a profit on the sale of another seaside property they bought in Jamestown, R.I., for $560,000 in 2001. They built a house there and sold it three years later for about $1.6 million. Their cost to build the home isn't known, but the building alone is assessed for $907,300.