In Real Estate Deal, Romney Made His Loss a Couple’s Gain

Discussion in 'Politics' started by Freewill, Aug 11, 2012.

  1. Freewill
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    Freewill Gold Member

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    Basically this goes against everything that Obama will lie about to get you to believe about Romney.

    In Real Estate Deal, Romney Made His Loss a Couple’s Gain

    http://www.nytimes.com/2012/08/10/u...is-loss-a-couples-gain.html?_r=4&pagewanted=1

    The result was a rare Romney flop: The housing market soon collapsed, and he was stuck renting out the houses for years before unloading them, mostly at a loss, in the late 1990s, according to property records. The renters were offered the first chance to buy, but the Stampses could not qualify for a mortgage, recalled Mr. Stamps, who at the time had recently lost his job at an oil company.

    “Then I got this phone call, personally, from Mr. Romney, asking if we really wanted to buy the house,” Mr. Stamps, 63, said in an interview the other day at the barbershop he now runs. “I said, yes we did. And he said he would loan us the money. He really helped us when we needed it.”

    Amid the campaign furor over Mr. Romney’s wealth and taxes, the relatively tiny real estate investment — the mortgage generates less than $2,500 in annual interest income, according to his disclosures — has gone largely, though not entirely, overlooked.

    Mr. Stamps said that he and his wife had received calls in recent months from strangers who “seemed to be looking for negative stuff” about Mr. Romney, but that the couple had nothing to say to them. (The Stampses recently refinanced the original 30-year loan; the new mortgage, still with Mr. Romney, was dated June 12 but signed just two weeks ago. Details of the interest rate were not included in the public record.)
     
  2. Listening
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    Listening Gold Member

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    Just like when he shut down the office so they could help an employee find his daughter.

    You'll never hear any of that.

    And Obama would tell the people in the house "You didn't get that for yourself....somebody else did that".
     
  3. tjvh
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    tjvh Senior Member

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    Very commendable act.
     
  4. signelect
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    signelect BANNED

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    Trump that Obama. What do you know, big money doing a good deed. Bet Reid will come up with something to say. Maybe the house was substandard or didn't meet code. The left can't stand it when something good is done.
     
  5. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Last edited: Aug 11, 2012
  6. Katzndogz
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    Katzndogz Diamond Member

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    Or that when Romney Sr. died, Mitt gave the entirety of his inheritance to charity.
     
  7. Katzndogz
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    Katzndogz Diamond Member

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    Is it possible that we have a genuinely good person running and that's what the democrats can't stand.
     
  8. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Racist!
     
  9. Oddball
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    Oddball BANNED Supporting Member

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    Somehow or another, I don't think Boiking wants to go down real estate scammer road.
     
  10. CrusaderFrank
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    CrusaderFrank Diamond Member

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    The Rezko Connection: Obama's Achilles Heel? - ABC News

    "While Rezko's wife paid the full asking price for the land, Obama paid $300,000 under the asking price for the house. The house sold for $1,650,000 and the price Rezko's wife paid for the land was $625,000.


    D'oh!
     

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