U.S. President Donald Trump on Tuesday accused Democratic Senator Adam Schiff of committing mortgage fraud, claiming the lawmaker should be "brought to justice"- a statement Schiff condemned as political persecution and denies any wrongdoing.
So the assumption would be that he listed both properties as a primary address to get a lower interest rate on the loan. (As clearly he couldn’t lie about the value, being that the bank giving him the loan would own the property essentially). I mean it should be pretty easy to clear up if he didn’t do it. And since Trump made the comments publicly, I can’t imagine it to be hard for a court to consider it defamation. If he did do it, then welp he’s dumb for doing so.
It’s also possible that he listed his California residence as primary when he bought that, since that was the truth. Then, when he bought his DC house, he realized that it would be more beneficial to him to “change” his primary residence, so did so. He may or may not have been required to go back to his CA house lender and tell them about it, or his wife may have legitimately still listed the CA house as her primary residence since she may legitimately stay there more often. Schiff may have done everything properly, but Kash Patel can cherry-pick things that were done properly to make it appear improper to people who arent paying attention.
So the assumption would be that he listed both properties as a primary address to get a lower interest rate on the loan. (As clearly he couldn’t lie about the value, being that the bank giving him the loan would own the property essentially). I mean it should be pretty easy to clear up if he didn’t do it. And since Trump made the comments publicly, I can’t imagine it to be hard for a court to consider it defamation. If he did do it, then welp he’s dumb for doing so.
It’s also possible that he listed his California residence as primary when he bought that, since that was the truth. Then, when he bought his DC house, he realized that it would be more beneficial to him to “change” his primary residence, so did so. He may or may not have been required to go back to his CA house lender and tell them about it, or his wife may have legitimately still listed the CA house as her primary residence since she may legitimately stay there more often. Schiff may have done everything properly, but Kash Patel can cherry-pick things that were done properly to make it appear improper to people who arent paying attention.