Funeral Home Faces Foreclosure After Alleged Employee Theft

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Cappadona Funeral Home faces the loss of its building in a foreclosure auction Wednesday in the wake of an alleged employee theft that left the business without enough cash to keep up payments on a $1.42 million loan.

Co-owner Paula Cappadona said the funeral home is prepared to move to another location if negotiations with Texas-based American Bank of Commerce to avert the foreclosure are unsuccessful. The funeral home avoided foreclosure of the loan last year by making a $37,180 delinquent payment, but couldn't come up with enough this time to catch up with its payments. A new foreclosure was filed in September.

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Funeral Home Faces Foreclosure After Alleged Employee Theft

Cappadona Funeral Home still owes $872,590 on the 2004 loan, which paid for the remodeling of the former Three T...

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