Posted on 06/24/2024 8:13:31 AM PDT by artichokegrower
Joe Biden and First Lady Jill have been using their homes as an ATM, taking out multiple mortgages and refinancing their Delaware properties an astonishing 35 times, a DailyMail.com investigation has revealed.
The president has lived in two houses in his home state since 1975, when he bought his first property in Wilmington that he later sold in the late 1990s.
But records obtained by DailyMail.com show the couple have had a habit of negotiating a new mortgage or credit deal on both homes every 17 months
(Excerpt) Read more at dailymail.co.uk ...
“ Only one conclusion one can draw from this - the guy isn’t exactly a genius when it comes to anything financial - OR anything else for that matter!!!! How he fooled so many people for so many years is anyone’s guess.”
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For a long time, Biden had the reputation as being the most stupid person in the United States Senate. Given the people who have been in that group over the last several decades, that is quite an accomplishment.
Biden had the reputation as being the most stupid person in the United States Senate.Not as stupid as the people continuing to keep him there and beyond.
If that were so, he’d be over-leveraged and have to give up the house. Of course, if it’s just a disguise for more graft...
they re-financed every 17 months?
the loans would have to have a significant amount paid down in order to get another loan.
is someone else paying down the loans?
do they pay any taxes on the money they get from the loan?
seems like a pretty easy mechanism to receive payoffs.
I am a life time renter, so I will defer to you gentlemen on the issue of home mortgages.
The article does say he started refinancing with the 1975 house - 15 times in 20 years.
USA Home prices increased 12X times in the last 40 years.
I was thinking he extracted inflated value, but stayed close to the same inflation-adjusted monthly payment, because of the interest rate decline.
Later today, I will run some numbers through a mortgage calculator to see if anything interesting pops up.
Money laundering by The Biden Crime Family.
Ok, I will wait for your reply. The other thing is that it doesn’t specifically report how much cash was paid out during these refinances and equity loans. Total cash would be a nice calculation. The other thing would be how much did all of this refinancing cost and how much was paid out to the brokers. Also, how much rubberstamping and fake appraisals were going on?
We are flying blind without it.
As far as the mortgage calculator, I just want to see how much interest rates need to fall to make it a viable option.
I read the article again. He refinanced 35 times.
If Trump had refinanced 35 times, it would be Front Page news - everywhere!
You get no financial gain, by refinancing for lower rates 20 times. The cost in paperwork, and the movement of the loan payoff to the future makes it a stupid move for the vast majority of homeowners.
Maybe someone smarter than me figure out what the benefit is?
NOT 6 months....5 days.
“INVESTMENT ON MONDAY”
PAY OUT ON FRIDAY OF SAME WEEK.
THIS SAME “GENIUS THINKING” IS RUNNING THE USA.
p
BUMP
Wow.
” taking out multiple mortgages and refinancing their Delaware properties an astonishing 35 times...” “ ...negotiating a new mortgage or credit deal on both homes every 17 months... “ “Many of these lines of credit deals lasted just a few months, before being paid off, then the Bidens moved onto the next refinance deal.”
oh, to be a fly on the wall and check out the financial disclosures submitted to each lender.... under Letitta James/ Judge Engoron rules
No problem, the special council already stated that Joe has diminished mental capacity which is one of two things which void a legal contract….
Remember when they left the White House, and were going to buy the Chappaqua house. Money-man Terry McAuliffe was going to secure the mortgage for them, but there was such an outcry, that McAuliffe had to back out.
Who the hell gets to refinance their mortgages 20 times, and with who?
I've never owned a home, so have no clue. I know the average Joe isn't allowed to do that, unless he's got a connection at a financial institution, and even then I doubt he'd get 20 favors like that.
Nobody's ever heard if his first wife was insured prior to the accident, or for how much. Sure would like to know. I tried to find info on her family. Neilia was born in Auburn, NY. I worked at Auburn prison for a little over 3 years. Quiet city. William Henry Seward's house is there, as is Harriet Tubman's. Both her parents are buried at Fort Hill Cemetery in Auburn as are Seward and Tubman. Neilia's father was born in Auburn in 1914. His father was born in Peel, Ontario, Canada. My mother was born in Picton, Ontario about 150 miles away in 1920. Can't go back farther in her family past the early 1800's.
Thanks...I’ve converted it to .pdf so I can read it later. That law degree from Syracuse really didn’t help much when it came to property sales. The guy’s a moron.
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