Discuss second mortgages with other members of our forum.
Mom of Elvis --> How can you find out if the house you have a second mortgage on is current in it's payments or into foreclosu [3 replies]
trer --> How can we slow down our culture of consumerism? [1 replies]
michael s --> Umm, Do you drink this much Coffee?? [13 replies]
looking for $$$$ --> Does anyone know how Third Party Tracers (processors for Mortgage Refunds) are paid? [0 replies]
william w --> Will a second morgtage company pay off a higher 1st. mortgage? [4 replies]
Wooly CCSBSS --> Are all MPs just property developers? Get the Mortgage paid on the second home, get it all fitted out with? [7 replies]
roving_poet --> How do guys really feel about dating moms? [1 replies]
Christina W --> I am stuck with a lien on my house that I am not entitled to pay. HELP!!? [4 replies]
Jason B --> My first and second mortgage is more than my house is worth.? [6 replies]
Ja W --> Did you know that you could not post topics questioning Barack Obama on his website? [3 replies]
trer --> How can we slow down our culture of consumerism? [1 replies]
michael s --> Umm, Do you drink this much Coffee?? [13 replies]
looking for $$$$ --> Does anyone know how Third Party Tracers (processors for Mortgage Refunds) are paid? [0 replies]
william w --> Will a second morgtage company pay off a higher 1st. mortgage? [4 replies]
Wooly CCSBSS --> Are all MPs just property developers? Get the Mortgage paid on the second home, get it all fitted out with? [7 replies]
roving_poet --> How do guys really feel about dating moms? [1 replies]
Christina W --> I am stuck with a lien on my house that I am not entitled to pay. HELP!!? [4 replies]
Jason B --> My first and second mortgage is more than my house is worth.? [6 replies]
Ja W --> Did you know that you could not post topics questioning Barack Obama on his website? [3 replies]
Money--where did the Obama's US$1.65million in cash come from?
Posted by Calvin B at: 2008-03-15 09:11:05
Senator Obama has had an inspiring rise to national prominence. However, this rise is dogged by a lack of crucial information, especially as related to the Senator and Mrs. Obama's finances. In a May 2004 profile in The New Yorker magazine, Senator Obama is quoted to say that in order for the Obama family to be able to survive financially during his 2004 run for the US Senate seat representing Illinois, he and Mrs. Obama had had to take out a second mortgage on their Hyde Park apartment. The Hyde Park area of Chicago might be described as Bohemian rather than well off or even upper middle class. The Senator is duly elected and in January 2005 takes his seat in the US Senate. In June 2005, the Obamas purchase for cash the home in which they now reside when in Chicago. This home cost US$1.65million. It was paid for in cash. This is a remarkable financial turn around from May 2004 when the Obamas needed a 2nd mortgage on an apartment worth at best US$300,000. There seems to be no explanation for how Senator and Mrs. Obama got the US$1.65million in cash to purchase their home. There is no increase in salary, no gifts, no inheritances, no book deals or additional royalties cited in the released financial records which could account for this inflow of funds which amounts to 8 times the couple's pretax declared income of 2004 and 10 times the salary paid to a US Senator (S162,5000 pa), which the Senator had only earned for 6 months prior to the acquisition of the new home. The Senator and Mrs. Obama have not addressed the issue of where the money came from which enabled them to purchase the lovely mansion in the best part of Chicago.
Posted by jjdriskel at: 2008-03-15 09:16:39
You're right, they've not addressed it. They just made their tax returns for the past 7 years public, and publish all their campaign financial reports quarterly, but no, they have not called you up to explain it you.
Posted by JAG girl at: 2008-03-15 09:24:15
Two words Sleeper Cell
Posted by Daniel E at: 2008-03-15 09:19:08
You know, why don't people just stop the Obama bashing already. Has everybody forgotten about Whitewaterand how about we ask Hilary about Peter Paul 'nough said
Posted by Landlord at: 2008-03-15 09:15:17
I am sure it came from his family in Kenya and Indonesia. However, I am sure the Republicans will let us know if we need to know.
Posted by Ja W at: 2008-03-15 13:15:51
Good finance question! I know of an organization that gives up to $1500 to people to help them with their rent or mortgage. It's available in most US cities, I highly suggest you check it out. http://www.money-for-house-mortgage-rent.org Best of Luck.