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So there’s no such rule… |
Where’s 16:37 to excuse this behavior because of the connection to Pulte and thus to Trump and the MAGA GOP? |
| The guy pulte has to be one of the worst people, the worst actors, the most transparent dou*** I have ever witnessed. I don’t know if he understands that when he speaks, everyone of all political persuasions desperately wants him to shut up |
Great article. Interesting the florida property sold for $122 million but Mar A Lago value was $18 million according to Letitia James, which was a huge part of the fraud claim. |
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Half of Florida is doing this “primary” residence fraud with their original home back in MI, MN, NY, MD, etc.
The blue states need to go hard after auditing this. Why give these people any quarter? |
| Just because others do it and don’t get caught does not meant it’s not fraud. Can I drive drunk because others have and never got caught? |
The club is valued for what it is . . . Mar-a-lago. A private membership club. Tax-exempt that cannot be further developed. It cannot be turned into a private residence. so it is valued as such. What's the problem? |
Absent those limited circumstances, the IRS and lending rules don't allow you to indicate two primary residences. You can hold two primary residence mortgages (secured far apart), but those aren't the facts here. Do your own research (took me 5 minutes) before trying to play "gotcha" on an anonymous message board. Then again, you probably know the answer already but are waiting to pounce on anyone who tries to explain the rules to you. |
Can't be used as a private residence? |
+1. If MAGA wants to go after people for residency fraud, they can bring it. I bet they will ensnare more Republicans in their net |
Derek Chauvin was doing this. |
Correct. It’s actually against the special zoning exception that Trump sought for him to live there. |
I feel very sorry for FHFA staff |
Seems like that would have to be very rare. “Primary” means primary - by definition, not two. |
pulte’s father and stepmother have done the same thing. The primary residence requirement only lasts for 1 year. Duffy and Chavez-DeRemer are off the hook as those purchases were years apart along with other factors. Zeldin's is a bit more dicey and could result in a reworking of the financing if it was self reported. There is no record of Meadows only a 2nd property but it was confused with a mobile home property long ago straightened out. “Primary residence” has different purposes for different laws. For mortgage underwriting you are correct that having had a primary residence on the loan app does not mean you can never move and keep the older property while financing a new primary residence. But for taxes and exemptions, and other government benefits tied to address (like schools), you generally cannot have two “primaries” under any circumstances. |