Al and Erin Hill May Be Moving Out of Highland Park Home, Dismissing Staff – Dallas Real Estate News

Recall the story of Al and Erin Hill? A source now tells me that major changes have been made in the Hill household over there on Bordeaux. Last week, according to sources, employees were told they would be paid until the end of the month, and then their services would no longer be needed. And the Hills reportedly said they would be moving, but they did not say where or when. All employees have been paid in full, graciously thanked, and given letters of recommendation, though rumor has it the nanny brigade was downsized months ago.

This could have nothing to do with it, but in early April, Al G. Hill III, descendant of legendary oilman H.L. Hunt, and  his wife, Erin Nance Hill, were indicted on several felony counts of mortgage fraud.

A grand jury returned three counts of making a false statement to obtain  property or credit and one count of securing execution of a document by  deception against Al,  age 40. His wife, Erin, age 38, was also charged with  two counts of making a false statement and one of securing execution of a  document by deception.

The charges centered on the Hills obtaining a loan for more than $200,000  from OmniAmerican Bank in 2009 by claiming to be sole owners of their Highland  Park home, and allegedly falsifying his income and her assets. Al, for example, claimed a monthly income of $54,341 while Erin claimed to  have more than $100,000 in a bank account.

According to the Dallas Central Appraisal District website, the couple owns  only 20 percent of their $1.9 million home on Bordeaux. The majority interest is owned by the  Albert Hill Trust, whose beneficiary is Al III’s father, Al Hill Jr. And of course father and son have been embroiled in a long, sad, bitter civil suit for several years over  the estate, Al III claiming mismanagement and wanting more millions. Not sure yet what has become of the lawsuit, but we do wish the Hills the best.