Posted on 04/22/2018 5:45:57 PM PDT by yesthatjallen
Fox News host Sean Hannity is linked to a group of shell companies that have spent $90 million buying hundreds of homes across the U.S through the help of foreclosures and the US Department of Housing and Urban Development (HUD), the Guardian reported Sunday.
More than 870 homes in seven different states have been purchased over the past decade, ranging from large mansions to rentals for low-income families, according to the newspaper.
For some of the mortgages, Hannity reportedly obtained funding from HUD under the National Housing Act loan program, which was first guaranteed under President Obama’s administration.
Secretary Ben Carson’s department recently increased Hannity’s original $17.9 million mortgage for purchases in Georgia by an additional $5 million, records obtained by the Guardian show.
Hannity did not disclose his cooperation with HUD when he had Carson on his show last June, the Guardian noted.
Etc...
(Excerpt) Read more at thehill.com ...
Exactly.
It is long past time to put the lefties under the microscope; turn a few of them upside down and shake them to see what falls loose.
Tom Vu
https://youtu.be/Y5-pNyRaV0I
I wouldn’t be surprised if he had no clue about the details. Surely he has an investment manager that handles all that stuff.
Hannity has to be one of the hardest working people in the news/commentary business, and he devotes most of his free time to his family. I can’t see him being deeply involved in the details of his no doubt very wide range of investments.
I remember summer of 2016....someone on the business channel did some report to talk about Chinese syndicate groups who were showing up in the Phoenix area....to buy in bulk. These were all Chinese folks who had money outside of the US and wanted some safe deal. They’d buy, and then rent out.
Nothing illegal here, and the term ‘shell company’ is a joke. These all tend to be actual companies, and they usually all pay taxes.
Good question.
So?
Buy lo,
Sell hi!
You say bilo
And I say selhi
I'm with you. This is just a cheap hit piece.
Thousands of folks in our country have real estate holdings like this. Nothing illegal or unusual about it.
Bullshit.
CNN could make you look evil for saving a stranded puppy.
Erma Gawd....as in OMG
Should we wait until we find out the facts in this matter? Who is to say this is true at all? Hannity may have ties to people that may have done something, is not proof of anything.
I’m not going to be personal but it looks like you’re uninformed about real estate investment vehicles and opportunities
You might should read up on the practice of buying foreclosures via HUD
one thing I was ignorant of till last week was nobody uses HUD statements at closing anymore
The new deal is a CD
closing disclosure
Obama was the one who sank the housing mortgage industry, costing many black people their homes. Remember it was the big mortgage companies who gave the Democrats/Obama a shit load of money over the years, in return for new laws which let them foreclose on unqualified buyers who got never-should-have-had loans from the Obama administration.
Rich white liberals are driving lower economic class blacks out of their homes in DC and parts of northern Virginia, to make way for costlier condos and mega-mansions. I see it all the time just driving around the area.
I suspect in the next election, esp. the presidential one of 2020, American blacks who have learned of Obama’s betrayal of them, will vote for Trump by the hundreds of thousands, if not more.
The same for the established Hispanics who are suffering from the crime waves created by illegal immigrants and the decline of the schools they want to educate their children properly.
Asians are the new crime targets for blacks and Hispanics, with killings of business owners on the rise. Expect a backlash by those voters very soon.
Hannity is a nice target to pick on but he didn’t create housing loans problems, Obama and his economy-wrecking Marxist advisors (like Paul Krugmann, Austin Goolsby, and Robert Reich, did).
Michael Savage mentioned this last year. I guess know one was listening
not so much a leak according to the original Guardian article., as dumpster diving in county courthouses.
“Thousands of pages of public records” mixed with a few socialist European reporters, with little practical knowledge of wealth-building, or HUD loans for that matter, looking for trash on a man who pulls in $35MM a year, plus perks:
Boiled down, he’s a smart investor. And not one single thing illegal about how he spends his own earnings, or how the purchases were made.
1. Dozens of the properties were bought at a discount in 2013, after banks foreclosed on their previous owners for defaulting on mortgages.
2. Developments... in the cities of Perry and Brunswick... have higher poverty rates and lower median incomes than the US averages. One- and two-bedroom units in {the} apartment complexes are available to rent for $735 to $1,065 per month, according to brochures.
3. {some} loans {were} under a program created as part of the National Housing Act.
4. The list of properties bought by the Hannity-linked companies includes... single-family units priced as low as $50,000 in relatively poor suburbs. In at least two cases, batches of homes were bought simultaneously at a discount, after they were repossessed by banks from their previous owners in foreclosure.
with an honorable mention to Chuck Schumer and his infamous memo, followed by shuttering a bank while the CEO was on a plane 23,000 feet up.
He's probably similarly linked to Kevin Bacon.
GFY, concern troll!
What do you know? Not much, apparently.
I believe the company that he’s invested in was also a sponsor on his show, I seem to remember the sales pitch. Anybody can invest in this, sound like he did.
He likely is, and I couldn’t care less.
I would say so, by a few orders of magnitude. And more power to him!
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