Joe and Jill Biden have been using their Delaware house for fast cash - refinancing 20 times with lo

[mystery-ak]

Joe and Jill Biden have been using their Delaware house for fast cash - refinancing 20 times with loans totaling $4.2M since buying the $350k home

    POTUS and first lady refinanced their two homes 35 times over the years
    Current Wilmington house has outstanding $541k loan 28 years after purchase
    READ MORE:  Bombshell poll reveals where Biden and Trump stand ahead of CNN debate

By Chris White For Dailymail.com

Published: 10:16 EDT, 24 June 2024 | Updated: 11:29 EDT, 24 June 2024

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.

more
https://www.dailymail.co.uk/news/article-13547165/Joe-Jill-Biden-Wilmington-Delaware-home-refinance-mortgage.html

[libertybele]

Joe and Jill Biden have been using their Delaware house for fast cash - refinancing 20 times with loans totaling $4.2M since buying the $350k home

    POTUS and first lady refinanced their two homes 35 times over the years
    Current Wilmington house has outstanding $541k loan 28 years after purchase
    READ MORE:  Bombshell poll reveals where Biden and Trump stand ahead of CNN debate

By Chris White For Dailymail.com

Published: 10:16 EDT, 24 June 2024 | Updated: 11:29 EDT, 24 June 2024

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.

more
https://www.dailymail.co.uk/news/article-13547165/Joe-Jill-Biden-Wilmington-Delaware-home-refinance-mortgage.html

Keep others silent on what they know about them or supply Hunter with drugs.

[mountaineer]

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.

That figure probably doesn't include all the "10% for the Big Guy" Joe has collected over the years, either.

[berdie]

I'm sure Jill's wardrobe is expensive. 

[Wingnut]

I'm sure Jill's wardrobe is expensive. 

many couches gave there life in the refinancing to support her fashion choice.  She could have saved Sears had she started sooner in life.

[DB]

It is likely used as money laundering. Hunter probably makes the payments "renting the house". Daddy gets the borrowed cash.

[Hoodat]

[IsailedawayfromFR]

many couches gave there life in the refinancing to support her fashion choice.  She could have saved Sears had she started sooner in life.

Hillarious

[Bigun]

Did the Daily Mail just accidentally uncover the Biden family money-laundering scheme?

Did the Daily Mail accidentally uncover a money-laundering scam in the Biden family? No, we’re not talking about Hunter Biden’s fake “artwork.” This new theory hits much closer to Joe’s home—literally. It involves two of his homes in Delaware. Either Joe Biden is broke and needs a lot of cash, or he’s up to something mighty shady. The big question now is: why are the Bidens refinancing their Delaware homes so often? One of their houses was actually refinanced an astounding 15 times.

Honestly, who needs to refinance their home 15 or more times? We wanted to find out the average number of times Americans refinance their homes. Unfortunately, that data isn’t readily available. However, when we asked ChatGPT if refinancing a home 15 times was “excessive,” this was the response:

“Yes, refinancing a single home 15 times does seem excessive.”

So, what is Biden up to, especially given the fact that he’s worth millions? There are some interesting theories floating around.

Insurrection Barbie:

The Daily Mail is reporting that Joe and Jill Biden have refinanced their Delaware home 20 times and taken up to 4.2 million dollars in cash out of its equity.

This is really weird because the Biden’s are worth 10 million dollars. So why are they refinancing their property over 20 times and why did they refinance their previous Wilmington property 15 times?

Well according to Chat GPT, the number one reason people frequently cycle mortgages is to launder money gotten from illegitimate places.

You don’t say. Fascinating. ...

Excerpt: Rest at above link

[DB]

Hunter pays the mortgage and daddy gets the cash.

[Bigun]

Hunter pays the mortgage and daddy gets the cash.

And then daddy doles it out clean as a whistle!

[The_Reader_David]

I'm not sure quoting ChatGPT as a source is a good idea.  Large language models just make stuff up and are completely unmoored from any concept of truth (they are, in fact, bulls**t generators, where bulls**t is to be understood in the technical sense provided by Harry G. Frankfurt's charming little volume, On Bulls**t, where he defines bulls**t as saying whatever is expedient without regard to whether it is true or false, and concludes it is a worse enemy of the truth than lying:  the liar knows the truth and says the opposite for some reason (which I note could be either blameworthy or praiseworthy), while the bulls**tter has no regard for the truth at all (cf. politicians).

[DefiantMassRINO]

These days, rich people are evading taxes by receiving loans that they never have to pay back.

[Bigun]

I'm not sure quoting ChatGPT as a source is a good idea.  Large language models just make stuff up and are completely unmoored from any concept of truth (they are, in fact, bulls**t generators, where bulls**t is to be understood in the technical sense provided by Harry G. Frankfurt's charming little volume, On Bulls**t, where he defines bulls**t as saying whatever is expedient without regard to whether it is true or false, and concludes it is a worse enemy of the truth than lying:  the liar knows the truth and says the opposite for some reason (which I note could be either blameworthy or praiseworthy), while the bulls**tter has no regard for the truth at all (cf. politicians).

OK. I get that. But IIRC the source article is from Daily Mail.

[Kamaji]

I'm not sure quoting ChatGPT as a source is a good idea.  Large language models just make stuff up and are completely unmoored from any concept of truth (they are, in fact, bulls**t generators, where bulls**t is to be understood in the technical sense provided by Harry G. Frankfurt's charming little volume, On Bulls**t, where he defines bulls**t as saying whatever is expedient without regard to whether it is true or false, and concludes it is a worse enemy of the truth than lying:  the liar knows the truth and says the opposite for some reason (which I note could be either blameworthy or praiseworthy), while the bulls**tter has no regard for the truth at all (cf. politicians).

[Mod2]

Topics merged.