Republican Presidential Candidate Takes Out Series of Mortgages on $2M Great Falls Home
How former Pennsylvania Senator Rick Santorum has financed his home in Virginia.
A search of land records for the $2 million Great Falls, VA, home of Republican presidential candidate and former Pennsylvania Senator Richard Santorum turns up a series of mortgages that at times equaled and exceeded the sales price of the property. The industry guideline is usually mortgages should not exceed 75 percent of the appraised value of a property, according to mortgage experts. The assessed value of the Great Falls home, which is set by Fairfax County, has fallen since Santorum bought it in 2007. Property values have fallen throughout the county—even in the wealthiest communities of McLean and Great Falls—because of the recession. It's a fascinating story to follow the real estate transactions of this presidential aspirant who …
In this Article:
Jay Bahr
12:39 am on Friday, March 2, 2012
It is not an issue - but folks keep grabbing at straws to make it one. Let it go . . . relax . . . breath . . . . it will be ok . . . . let's worry about polar bears and they types of mortgages they take out . . . . . . more ›