Dozens of the properties were bought at a discount in 2013, after banks foreclosed on their previous owners for defaulting on mortgages. Before and after then, Hannity sharply criticised Barack Obama for the US foreclosure rate. In January 2016, Hannity said there were “millions more Americans suffering under this president” partly because of foreclosures.
The Georgia purchases were funded with mortgages for $17.9m that Hannity obtained with help from Hud, which insured the loans under a program created as part of the National Housing Act
Hannity complained during the discussion that home ownership in the US was at a 51-year low – a false claim he has made several times on air – and criticised the state of public housing.
“I like the idea of them owning the place,” Hannity said of people who receive housing assistance. “Well, that’s the real ideal,” said Carson.
The Georgia mortgages supported by Hud were guaranteed as part of a program aimed at protecting investors such as Hannity who buy rental apartment buildings.
Late last month, Hannity’s mortgages were replaced with loans for $22.9m that were rewritten with Carson’s Hud
Carson does, however, have the authority to allow Hannity from 2019 to convert the rental complexes into condominiums for sale, which could be lucrative for the television host.
It also features single-family units priced as low as $50,000 in relatively poor suburbs. In at least two cases, batches of homes were bought simultaneously at a discount, after they were repossessed by banks from their previous owners in foreclosure proceedings.
https://www.theguardian.com/media/2...y-real-estate-ben-carson-hud?CMP=share_btn_tw
The Georgia purchases were funded with mortgages for $17.9m that Hannity obtained with help from Hud, which insured the loans under a program created as part of the National Housing Act
Hannity complained during the discussion that home ownership in the US was at a 51-year low – a false claim he has made several times on air – and criticised the state of public housing.
“I like the idea of them owning the place,” Hannity said of people who receive housing assistance. “Well, that’s the real ideal,” said Carson.
The Georgia mortgages supported by Hud were guaranteed as part of a program aimed at protecting investors such as Hannity who buy rental apartment buildings.
Late last month, Hannity’s mortgages were replaced with loans for $22.9m that were rewritten with Carson’s Hud
Carson does, however, have the authority to allow Hannity from 2019 to convert the rental complexes into condominiums for sale, which could be lucrative for the television host.
It also features single-family units priced as low as $50,000 in relatively poor suburbs. In at least two cases, batches of homes were bought simultaneously at a discount, after they were repossessed by banks from their previous owners in foreclosure proceedings.
https://www.theguardian.com/media/2...y-real-estate-ben-carson-hud?CMP=share_btn_tw
