Who Is Paying For Kerry's $6.4 Million Campaign Loan?

Compilation ^

[Gee Wally]

That's an interesting take on the subject. I have some questions about this whole thing as well. Normally, a husband and wife own their home together, in what is called tenancy by the entireties. That simply means that each one owns the whole thing. If one spouse incurs a debt individually, the creditor cannot go after the property held by the entireties, because the other spouse owns the entire thing as well. That's why creditors require both husband and wife to sign the mortgage or note incurring a debt - unless both sign they cannot go after the property to recover their money.

Now that raises some interesting questions. Perhaps Kerry and Heinz don't own the property as tenants by the entireties, in which case, the bank can go after Kerry's interest in the property. On the other hand, if the property is owned by the entireties and the bank lent the money to Kerry without Heinz co-signing the loan, it is essentially an unsecured loan. Lastly, perhaps Heinz co-signed the loan.

In these last two scenarios, it would seem that either the bank or Heinz made a campaign contribution to Kerry in violation of the law. I don't believe banks can legally make contributions, and Heinz would be limited to the individual donor limitation.

[hunter112]

I liked your discourse on tenancies by the entirety, out here in WA, we have community property, which works a little different. One thing is for sure, the title to the property in question would have been in the public records, and findable in less than a day at the local deed recorder's office, and in less than an hour at a title company that might have its own records.

If there had been any hanky-panky concerning the title to the property, it would have been splashed all over the papers by now. I seem to recall some deadline as having passed sometime in 2003 for Teresa to have transferred assets to Johnny Boy, in order for them to have been considered his property for liquidation or pledging purposes. I presume the house transfer either from her to them, or to them from an outside party to have been done prior to this date.

Sure is nice to have a line of credit when you're down on the ropes!