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.
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.
I guess the Ukrainian laundry service doesn’t deliver as well as it used to.
I’ll wager the Biden’s are happy this is being reported. Actually, it’s perfect timing to counter claims of their illicit business dealings prior to the election.
Also, their net worth number smells.
“Something is Rotten in Wilmington”
I thought I could smell it from my house in MD, but not sure if it’s that or the stench emanating from the DC sh-thole.
I don’t remember the number, but they have 100’s of shell companies.
Just keep washing the money, until it comes out clean.
Of course anybody else would have been in jail years ago.
In 1975, Biden sold his house in the North Star development near Hockessin, Delaware, and used the profits to buy a 4.2-acre lot from real estate executive Keith D. Stoltz for $350,000 cash.
In 1996, Biden bought the same lot from Stoltz for $350,000 cash.
In 2017, Biden paid nearly $2.75 million in cash for his Rehoboth Beach house in Delaware.
In 2020, it was reported that Biden paid $350,000 cash to buy a lot from Stoltz, which was previously bought by Biden in 1996.
Investigate all the money Shitpants got under the table from ALL the CC banks, esp his homestate MBNA, since swallowed by Bank of America.
USURY was illegal, and noted from the Old Testament as sinful, but sailed through the US Senate with Captain Potatohead at the helm. That he railed against ‘excessive fees’ is more brazen hypocrisy from the ASSHOLE who legislated that for one late payment to one bank, ALL the CC debt someone owes will bounce to near 30% at every bank.
Because he’s always loved his fellow man. Ask any idiot in DE who’ll tell you that Joe paved their mother-in-law’s driveway.
Do you think he expects the Taxpayers to ‘buy’ him his home when he leaves office? Isn’t that part of the Presidential parting gift? I bet he’s taking the equity out NOW! Such lowlifes… the entire family!
FJB!
You think something stinks in Wilmington?
Now Jackass Joe has been relegated to playing Three Diaper Monte…
He’s got a reprobate mind.
He doesn’t scam because he needs to.
He scams because he enjoys it.
Book deals always seem to be a big payoff.
Or a Nobel Prize worth $1.4 million.
Or crack pipe painting.
Don’t forget the time he sold part of his property and it turned out his driveway was on it and ended up landlocked. Smart guy don’t you know.
Spose Alvin Bragg will look into this?
Yeah sure, joey is really smot, Mortimer Snerd is smarter, and he was just a ventriloquist’s puppet. Bring out the one-and two-piece puzzles and see if joey can solve them.
All you have to do is listen to him talk in all the recorded videos of him throughout his “career” in politics. He is a moron. He has been a puppet for all the real crooks in DC and Delaware his entire life.
And I bet dr jill was probably “collaborating” with them regularly while joey shitpants was riding the train between DC and Delaware all those years.
Joey made the banks an offer they couldn’t refuse.
“Say, that’s a nice bank you got there. Sure would be a shame if something was to happen to it. Something like a FBI investigation. Yeah, that would be a real shame. Oh, by the way, how’s my mortgage application looking?”
Just spit-ballin’ here, maybe he never paid back those loans?
My guess is that this is just another money laundering scheme. They’re likely not paying their own mortgage with their own money. So they do the refinancing to grab a laundered bribe off the increased value of the home.
Try that with your bank.
Not happening.
Corrupt sob’s
It’s a very clever ruse to hide Biden’s financial reality that itself merits investigating. Watch this come up during the campaign and future investigations.
Money laundering. Money going I to you bank account can be tracked and if the deposits are over 10k they have to be reported to 3 letter agencies. However if you pay your mortgage payment plus more for a principal reduction no one reports anything to no one.
So if your house is free and clear and worth a million you can do a cash out refi and now you have half a mill that is account for and you can do anything with it. buy cars, go to Vegas, pay for Hunter’s rehab- whatever. Now where you get the funds to pay that mortgage down can come f4om anywhere. Pay that mortgage down in 17 months and then do another cash out refi, rinse, repeat and if your last name is Biden all the way to The White House. There are so many “red flags” from a mortgage point a view if anyone with authority did some basic digging a POTUS would have got 30 years easy. Or put it this way- if Alvin had this to work with his press conferences would have been whipping out his unit like Diogenes and while climaxing yelling “money laundering via mortgages”
But the law does not apply to democrats.