Another wonder from California ~ will it ever end?
Why pay a mortage?
The Hill Article on Richardson's Housing Woes
"The tale of Rep. Laura Richardson’s (D) personal housing crisis got even more captivating Tuesday as her office said the freshman lawmaker defaulted on loans she took out for not just one, but three, California homes. "
Michelle Malkin's Article on Dead Beat Richardson
"Quick refresher: On May 21st, we learned that Richardson had bailed on a Sacramento home and walked away from her $535,000 mortgage on the property. She denied the charges. On May 22nd, evidence piled up that contradicted her denial; moreover, we learned that she didn’t bother to pay utility fees and property taxes on the house. On top of that, the Daily Breeze confirmed that she did, in fact, receive a per diem housing allowance from the California state government. This woman has the gall to fashion herself a spokeswoman on behalf of aggrieved homeowners and wants to testify in front of the Senate while she swims in debt!"
According to John and Ken on KFI (640 AM - LA) - she left the garage of one of these houses “Full of trash to the ceiling.”
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Because "Paying your mortgage and taxes on time is for chumps."
Yep, we’ve got another deadbeat, defaulting politician on our hands!
Another DEMOCRAT.
State Sen. Julia Boseman and her former domestic partner have defaulted on a $1.3 million mortgage on a house in a ritzy subdivision near the Intracoastal Waterway.
The house is now expected to be sold at public auction later this month after Boseman and Melissa Jarrell, the head softball coach at the University of North Carolina Wilmington, failed to pay months’ worth of bills on the loan from Regions Bank.
Boseman and Jarrell, who lived together and were raising a son before separating, had the mortgage on the house at 1526 Portsmouth Place in the Avenel Subdivision just across the bridge from Figure Eight Island.
According to evidence presented Wednesday at a hearing in New Hanover County Superior Court, Boseman and Jarrell hadn’t made the $7,156 monthly payments on the house since Aug. 1, 2007.
The current principal balance owed to Regions Bank is $1,249,000, according to the court records. With interest and other fees, the total owed as of April 21 was more than $1.3 million.
According to online New Hanover County tax records, the couple purchased the property in June 2005 for $1,350,000. More than $4,700 in New Hanover County property taxes are also owed on the property, according to county tax records.