Joe Biden uses Delaware home like an ATM. Refinances house loans totaling 4.2 Million on $350 K purchase price

[justoffal]

What bank would give dying dementia Joe that kind of money over and over?

Yeah there's definitely something wrong with that picture. Looks like he used his political position to muscle out a few bank loans!

 

[Freedomisneverfree]

Yeah there's definitely something wrong with that picture. Looks like he used his political position to muscle out a few bank loans!

Father like son. Daddy used his name and Hunter used Daddy's name to get what he wanted.

 

[Vrenn]

Isn't there some type of evaluation imbalance there?

Those numbers don't seem to jive with the real value of the property.

They do when you total up the total amount borrowed 35 times. Each one did not exceed the worth of the houses. When you renegotiate a new loan because something has changed for your benefit, you should always do it if it makes financial sense. This is a Conspiracy Theory, JBS and MAGA gone stupid.

 

[sartre play]

They do when you total up the total amount borrowed 35 times. Each one did not exceed the worth of the houses. When you renegotiate a new loan because something has changed for your benefit, you should always do it if it makes financial sense. This is a Conspiracy Theory, JBS and MAGA gone stupid.

Something smells bad, More extreme PROPAGANDA.
Who has the needed proofs to back these claims?

 

[Billiejeens]

What bank would give dying dementia Joe that kind of money over and over?

Ukrainian
Russian
Chinese

 

[OldFlame]

They do when you total up the total amount borrowed 35 times. Each one did not exceed the worth of the houses. When you renegotiate a new loan because something has changed for your benefit, you should always do it if it makes financial sense. This is a Conspiracy Theory, JBS and MAGA gone stupid.

Yeah, everyone refinances their house 35 times.

 

[OldFlame]

Something smells bad, More extreme PROPAGANDA.
Who has the needed proofs to back these claims?

Try reading the article.

 

[Chillicothe]

".....there's still an outstanding $541,000 mortgage on their current three-bed, 4.5-bath Wilmington mansion nearly three decades after they bought it."

--------------------
With no desire to appear over critical of some of our AlexJones/MAGA contributors here, but.......but some appear to be pretty much naïfs when it comes to money.

Some here are hyperventilating over a guy who regularly takes out home-equity loans on his residence. A residence that has increased in value .... substantially since he bought it years ago. No surprise there. Most everybody who bought a home 30yrs ago and still have it have seen their boat rise with the tide.

And, truth be told a $451,000 mortgage on that home doesn't seem to be all that big of a debt burden (about 31%)....given it's valuation.

(Zillow says it is currently worth $1,465,000)

 

[Billiejeens]

One is unlikely to ever see a more clear-cut case of money laundering than this.

 

[Billiejeens]

Isn't there some type of evaluation imbalance there?

Those numbers don't seem to jive with the real value of the property.

That is not the big issue.

They are laundering money

They constantly need new cash because they need clean cash to launder the dirty money.

 

[Man With A Plan]

oh no. a middle class guy uses home equity loans. maybe they can build a wall around texas and lock us all up.

You think Joe Biden is a "middle class guy"? Seriously? LOL

 

[Billiejeens]

You think Joe Biden is a "middle class guy"? Seriously? LOL

He is a low class common thief.

 

[justoffal]

That is not the big issue.

They are laundering money

They constantly need new cash because they need clean cash to launder the dirty money.

Ahhh....now I see....thanks.

 

[marvin martian]

Yeah, everyone refinances their house 35 times.

The most important question, and one I hope Trump investigates thoroughly, is what did Biden value his property at when he took those loans. If it was a penny over the actual value, prosecute him.

 

[Vrenn]

The most important question, and one I hope Trump investigates thoroughly, is what did Biden value his property at when he took those loans. If it was a penny over the actual value, prosecute him.

And make sure he is as vindictive as he claims to be. For a bunch of people that wants to bring America back together, there certainly will be a lot of violence and more and "Getting Even".

 

[bendog]

Joe and Jill Biden took 20 mortgages on their Delaware $350K house. They did this with both houses they own so a total of 35 loan refinances. Wilmington house has a total of $540.000 in debt on it.

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.

Over the decades the Bidens have borrowed a total of $6million on both properties - and there's still an outstanding $541,000 mortgage on their current three-bed, 4.5-bath Wilmington mansion nearly three decades after they bought it.

The constant refinancing raises the question of why the Bidens, who have a reported net worth of $10million, needed a constant flow of extra cash.

Jill and Joe Biden have been using their Wilmington house as an ATM

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, DailyMail.com can reveal.

www.dailymail.co.uk

wow. He actually MAKES MONEY IN REAL ESTATE. uNLIKE SOME

 

[Billiejeens]

And make sure he is as vindictive as he claims to be. For a bunch of people that wants to bring America back together, there certainly will be a lot of violence and more and "Getting Even".

You remind me of Hamas.

Attack a peaceful people and then cry when those people stand up to you.

 

[Billiejeens]

wow. He actually MAKES MONEY IN REAL ESTATE. uNLIKE SOME

You understand that it is a money laundering operation, yes?

 

[Man With A Plan]

wow. He actually MAKES MONEY IN REAL ESTATE. uNLIKE SOME

Taking out a loan isn't really making money, Ben...just saying...

 

[whitehall]

The guy never had a real job in his adult life and today he and his family are worth a billion. Do the math.