Trump had two mortgages he claimed were primary dwellings, records show
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Trump had two mortgages he claimed were primary dwellings, records show
"Donald Trump signed mortgage documents in the 1990s claiming two separate Florida properties would each serve as his principal residence the same thing his administration is calling mortgage fraud when done by political rivals, records show. ProPublica unearthed documents demonstrating that within seven weeks of each other in late 1993 and early 1994, the president obtained loans for neighboring Palm Beach homes, pledging each would be his primary dwelling."
"Instead of living in them, though, he rented both out as investment properties. There is no suggestion that the activity is or was illegal, and proving intent is key in fraud cases. Yet Trump has called the same behavior having two primary dwelling mortgages deceitful and potentially criminal in relation to mortgage fraud charges against the Federal Reserve governor Lisa Cook. The Trump administration is bringing several similar cases against the New York attorney general, Letitia James, the senator Adam Schiff and the congressman Eric Swalwell."
"James was charged in October over a Virginia property she designated as a second home before renting out. Cook was fired after signing two primary residence mortgages weeks apart just as Trump did. But Trump wrote to Cook in a letter that he posted on TruthSocial announcing he had fired her that such conduct demonstrated incompetence, untrustworthiness and gross negligence in financial transactions."
Records show that within seven weeks in late 1993 and early 1994, Donald Trump obtained loans for neighboring Palm Beach homes and pledged each as his primary residence while renting both as investment properties. There is no suggestion the activity was illegal, and proving intent is central to fraud allegations. Trump has described similar dual-primary mortgage behavior as deceitful and potentially criminal in cases involving public figures. One official was fired after signing two primary-residence mortgages weeks apart, and another was charged over a property designated as a second home before being rented out. Rental agents confirmed the homes were leased and not occupied by him.
Read at www.theguardian.com
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