Posted on 02/21/2006 6:40:03 AM PST by wjersey
Seems awfully early to be trotting out hit pieces. Could it be that the Dems aren't nearly as confident in Casey as they and the early polls might suggest? I imagine Santorum's warchest is causing more than a few gray hairs.
The BEEF is Right Here ! This does NOT LOOK GOOD!
Admin Moderator please delete my post! Thanks!
From a marketing perspective, this was a good move by the bank, having a U.S. Senator as a customer.
That looks pretty good on a credit application, too.
Time to move along.
I'd say he got a mortgage with a high rate of interest.
It doesn't look good at all. Especially with that statement to the press that he lives "paycheck to paycheck." If that's true, getting a 500,000 mortgage would be impossible.
More disturbing, though, are the random charges through the PAC and the lack of monetary disbursements by the charity.
Ugh.
Not good at all.
No matter what it's stated policy, I don't think it is illegal for a bank to loan money to whoever they want to. If this was a zero (or ridiculously low) interest loan it could be a problem, but it isn't. It's a five year loan, my question would be how is Santorum going to pay it off if he isn't wealthy.
This is nothing compared to John sKerry taking mortgages on houses his wife had paid for even though sKerry had no way to pay them back. But the media dropped that without a second glance.
GASP!!!! ... they bought cups of coffee .. IMPEACH HIM!
"It doesn't look good at all. Especially with that statement to the press that he lives "paycheck to paycheck." If that's true, getting a 500,000 mortgage would be impossible.
More disturbing, though, are the random charges through the PAC and the lack of monetary disbursements by the charity.
Ugh."
Worried newbie?
The media is bordering on absurd and in full campaign mode already for the democrats.
Why can't polititians act more like the average Joe?
Beats me, best I can tell no campaign is going on in PA at this point for Senate, a barb here and PR outting there.. but if there is a campaign going on .... I can't see it.
Santorum was in the press today for giving the last 500k to finish part of Murphy's rails to trails stuff in Pittsburgh.
I agree if this isn't true it doesn't look good, but given the laziness and leftleanings of the Post Gazette and its Philadelphia equivalent I'll want to find out more before I take their word for it... of course that won't help as many folks take what's printed as gospel truth.
Have to wait and see what sort of traction this gets, and if any of it is warranted.
Maybe not -- a U.S. senator's salary is about $165K, and if his wife's salary as a nurse is about $50K (I have no idea, but it sounds right), that would make their combined income $215K -- enough to qualify for a $500K mortgage, assuming they have decent credit.
You're right, though, the other stuff is a bit more disturbing.
Seems to me like the average Joe is entitled to a loan.
"The Pennsylvania senator bought the Virginia home, 43 miles from Capitol Hill, a year earlier for $643,361, and - according to Loudoun County property records - had received a $405,000 mortgage from a traditional lender."
Apparently, He qualified for a conventional loan when he originally bought the house. $240,000 equity in the Va. home. Another home in Pa. He makes, what, $160,000 a year. Wife, nurse and lawyer must make over 50K. Had another $140,000 in investments. So, family income of over $200,000 with at least 250k equity...sounds ok to re-finance.
Hardly a newbie. Just stating the obvious: one of these by itself would be news, but not big news. All three together - then you have problems.
I've got plenty of friends and neighbors with loans in the $500K range, and they're living paycheck to paycheck.
Oh, and welcome to the forum.
By whose estimation could they not have exceeded 140k??? 140k is all the investment capital Santorums got?? Excuse me if I believe this number may not be accurate.
A 500k 5 year mortgage on a property means that property alone is worth likely far far more than 500k... so what the heck is this only worth 140k stuff?
I'm not saying the story is not accurate, but it sure doesn't seem to add up. You take an unencumbered 1MM or 1.5MM property to any bank and ask for 500k mtg you'll get it.. I don't care what the bank is.
Maybe they still have some of the $350,000 left that she won in a malpractice suit in 1999.
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