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Harsh Foreclosure Critic Elizabeth Warren Reportedly Made a Fortuneā€¦'Flipping' Foreclosed Homes
The Blaze ^ | 6/2/12 | Erica Ritz

Posted on 06/03/2012 10:27:44 AM PDT by Nachum

Elizabeth Warren has been plagued throughout her campaign for a Massachusetts Senate seat by what appear to fibs of her own creation.

It began when claimed to be Cherokee, because her “Papa” (pronounced “Papauw”) had high cheekbones, and there was “family lore.”

She reportedly rode that claim all the way to Harvard, where she was pronounced a “minority professor,” when in reality, a genealogist found she is a scant 1/32 Cherokee.

Now, the woman who claims to have created the “intellectual foundation” for Occupy Wall Street– notorious for its anti-foreclosure actions– is revealed to have made a small fortune flipping foreclosed homes in the 1990′s.

The Boston Herald, which uncovered the findings, explains:

Elizabeth Warren, who has railed against predatory banks and heartless foreclosures, took part in about a dozen Oklahoma real estate deals that netted her and her family hefty profits through maneuvers such as “flipping” properties, records show.

A Herald review has found that the Democratic U.S. Senate candidate rapidly bought and sold homes herself, loaned money at high interest rates to relatives and purchased foreclosed properties at bargain prices.

Land records from Warren’s native Oklahoma City show the Harvard professor was active in the often topsy-turvy real estate market in the 1990s, including:

• Purchasing a foreclosed home at 2725 West Wilshire Boulevard from the U.S. Department of Housing and Urban Development for $61,000 in June 1993, then selling it in December 1994 for $95,000 — a 56 percent mark-up in just 18 months.

(Excerpt) Read more at theblaze.com ...


TOPICS: News/Current Events
KEYWORDS: critic; foreclosure; fortune; warren
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To: BradyLS

A long house lifter! A kiva crasher! An igloo infiltrator!


21 posted on 06/03/2012 1:45:43 PM PDT by TigersEye (Life is about choices. Your choices. Make good ones.)
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To: Nachum

I am 1/32 cherokee. The issue is not whether she has cherokee blood or not of such a small amount. Lots of people fit that criteria. The issue is that she used it to claim that she is a minority. Every american is probably 1/32 of some “group”.


22 posted on 06/03/2012 2:20:39 PM PDT by plain talk
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To: Nachum

White liberal woman speak with forked tongue.


23 posted on 06/03/2012 3:21:04 PM PDT by Salman
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