Dem congresswoman stops paying mortgage

[foodcritic]

This is unbelievable. The entitlement mentality goes right to congress. To think she is writing laws and managing the publics money Only in California the land of fruits and nuts.......


Earlier, Capitol Weekly reported that Richardson walked away from the mortgage on her $535,000 Sacramento home, letting the house slip into foreclosure and disrepair less than two years after she bought it with no money down.

"While being elevated to Congress in a 2007 special election, Richardson apparently stopped making payments on her new Sacramento home, and eventually walked away from it, leaving nearly $600,000 in unpaid loans and fees," the publication reported.

Richardson declined to comment for the Capitol Weekly story. Her office issued a written statement Wednesday afternoon.

Capitol Weekly, citing tax records at the Sacramento County assessor's office, reports "... in January 2007, Richardson took out a mortgage for the entire sale price of the house -- $535,000. The mortgage amount was equal to the sale price of the home, meaning she was able to buy the house without a down payment, even though the housing market was beginning to turn. A March 19, 2008 notice of trustee's sale indicates that the unpaid balance of Richardson's loan, which is held by Washington Mutual, is more than $578,000 –- $40,000 more than the original mortgage."


L.A. Land : Los Angeles Times : Update: Congresswoman denies foreclosure report

[ImnoMensa]

Not a bit surprised.

Michelle Malkin » A Democrat congresswoman bails on her half-million-dollar-plus, second-home mortgage; Update: Dem denies report; “I fully intend to fulfill all financial obligations of this property;” Update: She’s a Hillary super

[CalifrniaDreamn]

Originally Posted by foodcritic

This is unbelievable. The entitlement mentality goes right to congress. To think she is writing laws and managing the publics money Only in California the land of fruits and nuts.......


Earlier, Capitol Weekly reported that Richardson walked away from the mortgage on her $535,000 Sacramento home, letting the house slip into foreclosure and disrepair less than two years after she bought it with no money down.

"While being elevated to Congress in a 2007 special election, Richardson apparently stopped making payments on her new Sacramento home, and eventually walked away from it, leaving nearly $600,000 in unpaid loans and fees," the publication reported.

Richardson declined to comment for the Capitol Weekly story. Her office issued a written statement Wednesday afternoon.

Capitol Weekly, citing tax records at the Sacramento County assessor's office, reports "... in January 2007, Richardson took out a mortgage for the entire sale price of the house -- $535,000. The mortgage amount was equal to the sale price of the home, meaning she was able to buy the house without a down payment, even though the housing market was beginning to turn. A March 19, 2008 notice of trustee's sale indicates that the unpaid balance of Richardson's loan, which is held by Washington Mutual, is more than $578,000 –- $40,000 more than the original mortgage."


L.A. Land : Los Angeles Times : Update: Congresswoman denies foreclosure report

Wire Politics - Lawmaker calls foreclosure of her home improper - sacbee.com

Link above is a story from the Sacramento Bee. Having lived out there, you have no idea what this $535,000 buys -- if you read the article, this lavish home is 1600 square feet. It is just VERY expensive out there, and $535,000 buys you very little.

[Lenny]

Originally Posted by CalifrniaDreamn

[
Link above is a story from the Sacramento Bee. Having lived out there, you have no idea what this $535,000 buys -- if you read the article, this lavish home is 1600 square feet. It is just VERY expensive out there, and $535,000 buys you very little.

"I'm Laura Richardson. I'm an American, I'm a single woman who had four employment changes in less than four months," Richardson said.

...as if getting elected to Congress is an unexpected firing-hiring cycle we should all expect to experience.

Not long after getting to Congress, Richardson voted in favor of a mortgage debt forgiveness bill which subsequently became law. She was absent earlier this month for votes on a foreclosure prevention bill, which she said was because of her father's funeral. The House is expected to bring the package back up in June once agreement is reached in the Senate.

...and then that unexpected (unwanted?) job change gives you the power to "stick it to da man" whenever it's convenient for you.

The woman is an entitlement opportunist, you can see it in her eyes.