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Posted on 08/14/2024 12:02:52 PM PDT by DFG
Presidential hopeful Kamala Harris and her husband Doug Emhoff have refinanced their luxury properties on the east and west coast ten times with loans totaling $13M.
The second couple, both 59, have borrowed way in excess of what they’re worth – their joint fortune estimated at $8 million by Forbes.
And, surprisingly, their various home loans and lines of credit are all with Wells Fargo Bank, the lending giant Kamala battled when she was Attorney General of California.
Harris was in litigation for years with Wells Fargo just as she and Emhoff were living in a luxury property in the Los Angeles celeb enclave of Brentwood, propped up by the bank's millions.
The Democrat presidential hopeful helped build her legacy as California’s Attorney General who 'beat the big banks’.
In February 2012 after the financial crash, Harris won $18 billion in compensation for Californian homeowners facing foreclosure, who she claimed were the victims of predatory lending.
She negotiated with five large lenders – Wells Fargo, JPMorgan Chase, Bank of America, Citigroup and Ally Financial – to stump up the cash.
Along with five county district attorneys, she also successfully sued Wells Fargo in 2016 for $8.5M over privacy violations including recording consumer’s phone calls without the correct consent.
So it is perhaps surprising that she should use the same bank to finance her homes.
Situated just a stone’s throw from the likes of Gwyneth Paltrow and LeBron James, Kamala and her husband have borrowed heavily on the $7 million Brentwood property for over a decade.
Entertainment lawyer Emhoff initially bought the swish pad for $2.7M in June 2012 and immediately saddled it with a $2M mortgage with an initial interest rate of 2.5 per cent – and was handed a separate $160k line of credit.
(Excerpt) Read more at dailymail.co.uk ...
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The old money laundry working overtime. Take a bribe out as a loan and then refinance as another bribe. Biden Inc did it all the time.
But did they overstate the value of their assets? Oh, that’s right... it’s not New York City... and she’s a Democrat.
Biden, a career politician, and Jill, a college professor, are estimated to be worth around $10million, and additional financial records show the couple pulled in an income of $620,000 in 2023.
The first couple released their tax returns in April and revealed their combined income was $619,976 last year and they paid $146,629 in federal taxes.
Biden and his wife earned four-fifths of their income from their jobs as president and teacher at Northern Virginia Community College, respectively.
Additional money came from interest on investments, pensions and a pass-through entity that collects book royalties.
But according to other financial forms from Joe, the president has had no royalties from his two books: ‘Promises to Keep’ and ‘Promise Me, Dad’ this year.
Financial records from the Office of Government Ethics last month revealed most of the couple’s debt is the mortgage on their Delaware home and an equity loan on that property.
Mortgaged To The Hilt
The Bidens bought the Wilmington house for $350,000 in March 1996
1. 21 Jul 1997 - Beneficial National Bank - $400,000 [PAID - 20 Nov 1997, construction mortgage]
2. 20 Oct 1997 - Beneficial National Bank - $499,900 [PAID - 26 Feb 1998, construction mortgage]
3. 24 Nov 1997 - Beneficial National Bank - $134,070.27 [PAID - 8 Jul 1999]
4. 27 Feb 1998 - Chase Manhattan Mortgage Corp - $550,000 [PAID - 25 Aug 2003]
5. 6 May 1998 - Beneficial National Bank - $94,450.04 [PAID - 11 Oct 2002]
6. 16 Jul 1999 - Commerce Bank - $35,000
[PAID - 6 Nov 2000, line of credit]
7. 18 Sep 2000 - Commerce Bank - $80,000 [PAID - 31 Jan 2003, line of credit]
8. 18 Oct 2002 - Commerce Bank - $143,600 [PAID - 18 Sep 2003]
9. 11 Jan 2003 - Commerce Bank - $20,000 [PAID - 17 Oct 2003, line of credit, then extended to $30,000 on 7 Jun 2003]
10. 5 Aug 2003 - Wilmington Savings Fund Society - $649,000 [PAID 3 Apr 2013, balloon rider attached, mortgage modified on 20 Jul 2010 to $564,442.91]
11. 5 Aug 2003 - Wilmington Savings Fund Society - $99,000 [PAID - 31 Mar 2005, line of credit]
12. 11 Feb 2005 - Wilmington Savings Fund Society - $149,000 [PAID - 3 Apr 2013, line of credit]
13. 3 Mar 2010 - Wilmington Savings Fund Society - $10,000 [PAID - 11 Jul 2011, line of credit]
14. 10 Jun 2011 - Wilmington Savings Fund Society - $45,000 [PAID - 6 Feb 2012, line of credit]
15. 4 Jan 2012 - Wilmington Savings Fund Society - $95,000 [PAID - 17 Aug 2012, line of credit]
16. 16 Jul 2012 - Wilmington Savings Fund Society - $115,000 [PAID - 3 Apr 2013, line of credit]
17. 28 Jan 2013 - TD Bank - $541,150
OUTSTANDING
18. 28 Jan 2013 - TD Bank - $260,000 [PAID 18 Mar 2014, line of credit]
19. 19 Feb 2014 - TD Bank - $300,000 [PAID 11 Dec 2018, line of credit]
TOTAL: $4,230,170.31 19 mortgages/lines of credit and one credit extension
I wonder how much was Ukraine involved
BINGO as Biden said where’s the money that scam is hard to track down.
Hunter giggles
Time to start bringing charges against ABCNNBCBS and NPR, WaPo, NYT, etc. for all the anti-Trump lying, then.
I don’t think anyone but the Bidens and a few cohorts know how much they are worth. Probably have money and valuables stashed all over the houses, overseas, cookie jars, etc. Just like Menendez.
This TWOT sued for a paltry few million and in order to get kickbacks did not go after the rampant corruption.
This is like accusing some election officials four years after the perpetrated the biggest steal of the millenium.
Anyone wonder if the bimbos and pretentious 'men' of the MSM, Washington Post and New York Times will pick this up? It'd be a cold day in hell...
Hey give Kamala a break ... after all she did take the Hypocritical Oath when assuming her political offices.
Harris is bringing us joy.......who could ask for anything more....../s.
Sounds like a lovely corrupt couple perfect for the first family following the last corrupt first family
That’s how the rich politicians laundry money. How many times has Biden refinanced his Delaware home? It was over a dozen if I recall correctly. Who refinances that often?
Wonder why the MSM isn’t asking ‘where’s the joy been the last three and a half years’? Maybe the bimbos and pretentious ‘men’ of the press aren’t curious. It’s all so strange. /s
If I were Biden I would have stashed the majority of the money in overseas banks. He probably did. Perhaps the money trail that has been discovered is just his "walking around money" for here in the states.
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