Posted on 12/18/2008 3:54:57 AM PST by Fred Nerks
Somebody correct me if I am wrong but wasn’t Al Capone finally busted by tax evasion laws?
I am getting a vibe that Obamas property may have a tax problem, without getting into it lets suppose somebody devalued it so Obama paid less taxes?
FReeper Nonperson provided this link:
5046 S Greenwood Ave, Chicago, IL 60615 NexTag Estimate: $424,318 (as of 11/10/2008) [What’s this?] Appreciation Since Last Sale: -$1,225,682 (-74.28%) A huge 7 bathroom home in Chicago, Illinois. This 2 story home measures 6,199 sq ft on a 10,500 sq ft (0.24 acre) lot. Amenities include central cooling and fireplace. Nextag estimates this Cook county home’s value to be $424,318.
Explain it to me, Polarik...I smell a scam but I’m a simple person, it’s way over my head. How could I get a mortgage for a million dollars if the house is only worth half of that?
Quite a report, will give me nightmares.
Yes..Al got caught on tax evasion in the end.
I remember reading somewhere that Obama’s house was never even in his name, quite awhile back. Not sure of the validity of that info..but have seen it repeated from reliable sources in the past. That info would be good to review if someone could source it here. Freeper’s always do great digging...the problem is in connecting the dots.
The biggest ‘dot’ I see so far in this, is the phone number associated with communist front groups...and the City Of Chicago!!
I wonder if the same real estate company has been handling all the sales and resales, and which agent(s)?
If this is a Cook County assessor value, you can get wide margins of value..(especially if you have friends in the assessors office...lol). Is Nextag the county valuation or some other?
I have no idea...I'm an Aussie!
We are all discussing various addys associated with the same phone number. Right?
Obama’s addy:
5046 S Greenwood Ave, Chicago, IL 60615
and then:
3334 W LAWRENCE AVE (see retrokitten post 25) and (LucyT #35)
I saw that also, and I saw no significance at the time and did not keep the link, and I also recall reading that the amount of mortgage acquired for the purchase was over the lenders limit.
Will offer to follow up on that?
“I have no idea...I’m an Aussie!”
I am starting to wish I was as well....lol!
Where shall we all go when the socialists take over the world? It might be time for conservatives to take over a small country and set up a free market shop...lol
I will do a little digging in the AM if I have time. It’s late here and I was out tonight for cheers with some pals, so a bit tired and slow in the noggin...lol. Please let me know if you find the link in the meantime.
Yep..I got that link..then retrokitten found the other addy associated with the PSL and ANSWER from the first link and it was 3334 W LAWRENCE AVE. The Lawrence Avenue addy is the one that appears to have been bought and sold by the City of Chicago many times.
http://theeprovocateur.blogspot.com/2008/07/updated-summary-of-corruption-and.html
Shortly after joining the U.S. Senate and while enjoying a surge in income, Barack Obama bought a $1.65 million restored Georgian mansion in an upscale Chicago neighborhood. To finance the purchase, he secured a $1.32 million loan from Northern Trust in Illinois....
~snip
According to FEC records Senator Obama received extensive campaign support from executives and board members of Northern Trust during both his 2004 Senatorial Campaign and this year’s presidential campaign. In 2003, during his bid for the Senate, William Osborn the Chairman of Northern Trust (and director of the Federal Reserve) contributed $1,000 to Obama’s Senatorial campaign followed up by a maximum contribution to the Senators primary campaign.
During Obama’s Senatorial Campaign he also received numerous contributions from Darrell Jackson, The President and CEO of Northern Trusts Illinois West Region (includes Obama’s residence). In addition Barbara Lumpkin (Senior Vice President of NT), Kelly Welsh (Executive VP and General Counsel of NT), and John Bross (a former Vice President of NT) were healthy contributors to Obama’s Senate Pursuits. The most interesting of the contributions that flowed from these executives into Obama’s campaign coffers occurred on May 5th and 6th of 2005 when Bross and Welsh contributed money on consecutive days. The interesting fact of these contributions are that they occurred 6 months after the Senator took office and just 1 month prior to his closing on his Northern Trust Loan. The donations that May of 2005 stand out because there were relatively few contributions to the Obama coffers in 2005, as a result of his election 6 months earlier...
Obama’s Northern Trust connections (Updated)
The Real Barack Obama ^ | 7/7/08 | staff
Posted on Tuesday, July 08, 2008 6:35:58 AM by pissant
http://www.freerepublic.com/focus/f-bloggers/2042017/posts
scroll way down....
“The same month that 0 allegedly bought the house that chart says the price estimate was $387,000 but he or someone paid 1.65 million. How could the numbers be so radically different? Do you or anyone know what the “60615 median” means? Could this have been a money laundering scheme? Or could it be evidence of a pay for future benefits scheme? This whole house deal keeps getting weirder and weirder from what I’ve been seeing.
Today nextag.com has the value at 425k and showing a -1.2m
depreciation/devaluation. Whatever has been pulled off here, it involves a scam of over a million bucks.
My theories are:
1. Michelle wanted the home even though it was not for sale. Price was not an obstacle, and everyone has a price.
2. the zeroes hooked up with Raines at Fannie Mae and the loan was guaranteed.
3. Raines is clear and the Rezkos and the Blagos made it happen.
4. Raines is knee deep and saw to the approval of a loan 1.1m above value.
5. Nothing new here since it is SOP for politicians. So zero knows he is protected no matter what.
Just wow...I hope the feds are as diligent as you and our fellow freepers in regards to Obama’s fraud and deception.
It would appear that Northern Trust has not received the scrutiny that they so richly deserve....yet!
Keep me pinged please. Will catch up tomorrow.
Nite matey!
You can see the building using Google street view.
I agree. You can edit Google information. I wondered if the page posted had been edited in FrontPage or something, but I trust TD. Instead I think it’s a setup.
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