Republican Presidential Candidate Takes Out Series of Mortgages on $2M Great Falls Home
How Rick Santorum has financed his home.
A search of land records for the $2 million Great Falls home of Republican presidential candidate and former Pennsylvania Senator Richard Santorum turns up a series of mortgages that at times equaled and exceeded the sales price of the property. The industry guideline is usually mortgages should not exceed 75 percent of the appraised value of a property, according to mortgage experts. The assessed value of the Great Falls home, which is set by Fairfax County, has fallen since Santorum bought it in 2007. Property values have fallen throughout the county—even in the wealthiest communities of McLean and Great Falls—because of the recession. It's a fascinating story to follow the real estate transactions of this presidential aspirant who is …
Bob
8:08 pm on Saturday, March 10, 2012
The fact is this isn't a criminal act, but Santorum got sweet heart deals from people he passed legislation for. He's no better than Chris Dodd that crook, got the same kind of preferential banking treatment. Rick corrupt actions with his charitable trust, used money for himself http://www.rightspeak.net/2012/02/is-rick-santorums-favorite-charity.html Imus, why Santorum scares me, told Imus wife … more ›