NEW: Gavin Newsom Netted Millions (Tax-Free) in Undisclosed “Sweetheart” Loans

[Sun Devil 92]

NEW: Gavin Newsom Netted Millions (Tax-Free) in Undisclosed "Sweetheart" Loans

Why? Where'd the cash go? Lots of questions for the camera-lovin' governor

www.redstate.com

Now, it looks like that loan and a similar cashout refi the Newsoms obtained on their Marin County mansion in November 2017 are “sweetheart” deals that aren’t available to even the most qualified buyers. Between the two deals – which haven’t been reported on the Governor’s financial disclosure forms – the Newsoms were provided with $3.8 million in tax-free cash.

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My guess is this guy just propelled himself to the top of the list for 2024.

I mean to qualify to be a democratic nominee, you need one thing on your resume...corruption.

Fucking bastard.

 

[BasicHumanUnit]

This is what leftist Socialist dictators do

 

[deannalw]

Greasy Gavin...may the lice of a thousand sidewalk poopers infect his armpits.

 

[Synthaholic]

NEW: Gavin Newsom Netted Millions (Tax-Free) in Undisclosed “Sweetheart” Loans

 

[Synthaholic]

Gavin had Kimberly back when she was hot:

 

[Synthaholic]

Then Don, Jr. got her when she’s not.

 

[sartre play]

Don't like Newsom, but he is just a typical politician, maters not what party they belong to. cant understand why most people don't understand that.

 

[Sun Devil 92]

Two long-time mortgage professionals who spoke to RedState and who specialize in mortgages and refinancing in this price range were “stunned” that the Newsoms were able to obtain these loans and shared dozens of anecdotes where their own customers or associates weren’t able to.

As we reported, on January 27, 2020, approximately three months after receiving the deed to the Fair Oaks home, the Newsoms obtained a cashout refinance for $2,695,000. That’s approximately 80 percent of the home’s appraised value of $3,700,000. There are some circumstances under which borrowers can receive up to 100 percent of the home’s value in a cashout refinance, but “jumbo” loans (loans over approximately $700,000 in Sacramento County) are customarily restricted to no more than 80 percent of the home’s value. Still, obtaining a jumbo cashout refi is complicated and nearly impossible in 2020. Mortgage professional Thomas Zabel, who’s worked in all facets of the industry since 2005, told RedState:

“Banks tightened up the guidelines on cashout refi’s in 2019, including decreasing the loan-to-value (LTV) percentage and some requiring that the borrowers have $1,000,000 plus in liquid assets available. Even then, a cashout of nearly $2.7 million on a $3.7 million home in January 2020 simply wasn’t available to any qualified borrower that I know of.”

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Another left wing douche bag governor.

Hope he catches Covid and dies looking out the window of his ill-gotten house.

 

[Sun Devil 92]

Then Don, Jr. got her when she’s not.

View attachment 368819

You need glasses.

 

[Sun Devil 92]

Fucking Newsome.

What a corrupt asshole.

 

[Sun Devil 92]

Nobody on the left comes to his rescue.

We have clear indication of fraud and corruption here.

And yet the left wingers who have their underwear all the way up their cracks...don't say a word.

Hypocrites