The Daily Mail is reporting that Joe and Jill Biden have refinanced their Delaware home 20 times and taken up to 4.2 million dollars in cash out of its equity.

X/Twitter.com ^ | 5:38 PM · Jun 25, 2024 | Insurrection Barbie @DefiyantlyFree

[E. Pluribus Unum]

...according to Chat GPT, the number one reason people frequently cycle mortgages is to launder money gotten from illegitimate places.

[Steely Tom]

I’m sure you or I could have done that too. Ha ha, right?

[gibsonguy]

Aka money laundering

[blueunicorn6]

The Biden Crime Family laundering dirty money.

[Carriage Hill]

U.S. papers reporting anything?

***CRICKETS***

[ProtectOurFreedom]

...the number one reason people frequently cycle mortgages is to launder money gotten from illegitimate places.

I had not thought of that. Take out money and pay it back with your filthy lucre obtained by selling out the USA to the Chicoms.

It shouldn't be too hard for Comer to find out where that $4.5 million they took out went. Gold-plated bath fixtures? A barn full of '67 restored Corvettes? 10,000 pairs of shoes for the PhD wife? Remodeled the kitchen every year for ten years?

[Kahuna]

If Trump wins the next attorney general will know that this nifty little trick by Jill & Joe is nothing more than an attempt to “legitimize” some of the millions that Hunter has passed on to daddy. (the big guy)

[pepsionice]

I would ask several questions...did they do the 20 refinance situations with the same bank? How did they report continually with the IRS, or did they use some element of confusion to make them think it was two different mortgages at the same time?

Who was making the payments? Joe/Jill or Hunter?

If Joe was doing this....how many other Senators were doing the same thing (like Bernie)?

Is it possible that Jill was accomplishing this (on her own) and just never telling Joe?

[Colt1851Navy]

Imagine holding a 30th mortgage for twenty-million dollars on a one milliom dollar property full of tons of worthless old federal government documents.

[Jonny7797]

This is one of those so what’s.

[fhayek]

So Joe Biden has like 22 shell corporations, 200 some odd bank accounts, he refinances his house umpteen times (correct me if I am wrong, but it cost money to do so, no?); his son sells 'art' to mysterious buyers and gets put on the board of directors of generous foreign corporations that Joe interacts with. Joe has used numerous aliases in his emails and he gets fat $200,000 'loan repayment' checks from his brother without any apparent loan documentation.

Tell me again what they put Donald Trump on trial for....?

[bray]

Borrow the money out and repay it with bribe money.

[blackdog]

So nitwit reverse mortgaged his home. Just wait until everyone at the funeral finds out it ain’t their house after Joey goes to the Great Final Battle with Corn-Pop!?

[llevrok]

I am sure the Bidens were truthful in all those loan applications.

As we know, courts - in NY at least - don’t look favoriably on those who mis-state loan applications.

[Liz]

Transaction costs on a refinance, while not huge, would add up fast on so many mortgages.

Appears to be a Biden flim-flam......to hide the flow of illegal money in his possession.

---

The big question is how did the Bidens value the home on the loan app?

Did they ever inflate the home’s value to get better loan terms?

At a minimum, the Biden finagling suggests a collusive arrangement
with bank personnel, appraisers, and lending personnel.

[Verginius Rufus]

Remember, decency is on the ballot. So says Jill.

[midwest_hiker]

The big question is what was the house appraised at.

[Secret Agent Man]

There would be multiple SARS reports generated if common folk did that.

[bigbob]

“Working class Joe”

[Senator_Blutarski]

“Borrow the money out and repay it with bribe money.”

Precisely. The Biden family used a loan refinancing shell game to launder the money from Hunter’s influence peddling.

There is no legitimate reason to refinance 30 times.