Here’s the long and short of this deal. The previous owner of Obama’s house had theat and the adjacent lot up for sale as a package. Obama couldn’t afford it. In comes Rezko to arrange a deal where you separate the house from the lot. Problem is the lot is appraised at a price that makes the house to expensive for Obama if the owner is going to get his original asking price. Rezko then gets with bankers and has a substitute higher appraisal for the lot which then allows the owner to drop the price on the house where Obama can afford it. Rezko’s wife then buys the lot at the higher appraisal price. Now the Bankers and Rezko face some potential charges on their collusion. What does this mean for Obama? Hard to tell unless the bakers and Rezko start blabbing that he was a co-conspirator in the whole scheme.
I thought I saw something the other day that someone else is listed as paying the taxes at that address. Does anyone have that info?