From the great state of Mexifornia we have a deadbeat congresscritter.
She helps make laws, but one California Congresswoman couldn't make her house payments. County records show that Congresswoman Laura Richardson defaulted on her Sacramento home.Some neighbors were upset, arguing that she abandoned her home and didn't maintain it for several months. "It was pretty disheveled," said neighbor Rafael Burgos.
The Long Beach Democrat bought the three-bedroom home shortly after she was elected to the California State Assembly in November 2006. The following spring, she ran for Congress in a special election and ended up in Washington D.C.
Documents show she took out a $535,000 home loan and did not have a down payment.
Well, why not? As a politician she likes to spend other peoples' money that the gummint doesn't have, so why do you think she'd be any different with her own finances. Just think. She's gonna be one of the politicians who are gonna try to come up with "solutions" for the subprime meltdown. That gives me a warm feeling in the cockles of my heart.
Congresswoman Richardson released a statement, saying, "I have worked with my lender to complete a loan modification and have renegotiated the terms of the agreement, with no special provisions. I fully intend to fulfill all financial obligations of the property."
Yeah, sure, of course I'll respect you in the morning.
However, county records show she no longer owns the home. It was sold at a public auction to Red Rock Mortgage for $388,000.Either way, neighbors say Richardson should have known better and been more responsible.
Been more responsible? BWAHAHAHAHAHAHAHA! She's a politician fer chrissakes.
The only thing that surprises me here is that her party is mentioned in the third paragraph. Didn't CBS13 get the memo that if the dooshbag is a Dimocrat the party should be mentioned at the end of the story or not at all?
Thanks to many readers.
Posted by denny at May 23, 2008 01:04 PMSomebody took a 1/4 million dollar hit. Was it the Congresswoman? Nope.
Was it the tax collector? Not Likely.
Was it the lender who assumed that a mortgage was secure? Yes, that's it.
But Really, all the other home buyer's are stuck with higher rates for their mortgages, so...
VOTE Democrat, gang rape isn't so bad the second and third time. [I don't believe it, but the California voters must think that.]
She didn't pay the taxes or the utilities on the home either.
Posted by: Sherry on May 23, 2008 03:16 PMWhat? !!!! A dim-a-crit that can't collect enough in bribes to make a house payment? Maybe she needs to talk to that guy from Louisiana who has so much hot money he has to keep it in his freezer
Posted by: GUYK on May 23, 2008 04:19 PM This idiot makes Cynthia McCommie look like a genius. When she was married to the current chief of police of Long Beach, he beat her so badly in the city hall parking lot she needed makeup to cover her black eyes. They owned a condo in San Pedro CA, she was required to live in her city council district of Long Beach, but she didn't.
She ran for state office on the platform of " I'm black, vote for me and keep this seat a black seat".
What a tu*d.
What no foul cries of an unfair mortagage practices. She just could not hold on long enough till the goverment bail out of the stupid bastards
Posted by: Bill on May 24, 2008 04:52 PM