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Originally Posted by onwebcam
You really have no clue what you're talking about. Which is nothing new but I just thought I would point that out again...
HUD doesn't just hand out cash. They only guarantee the loan so the bank feels more secure. Meaning if Hannity's "trust/corporation" defaults they pay off the bank and assume the responsibility of liquidating. So what actually happened here is Hannity borrowed an additional $5 million dollars on the $22.7 million dollar properties and the only thing HUD is doing is guaranteeing the loan to the bank. There's no back scratching to be done here.
Edit: I should also add.. The apartment complexes are likely guaranteed to be low income housing. If this is the case HUD is more involved in the operation but they still don't actually lend the money. They do disperse payments to the owners of said properties as well as inspect them on a regular basis to make sure they meet their standards. In fact the extra 5 million was likely property improvements to keep up to the standards set by the new admin. $5 million is likely some new roofing and paving and he's all cashed out.
BTW that one real state transaction deal is likely 1 of those corporations which owns the real estate that Hannity owns likely via another corporation and/or trust. It's not a conspiracy. It's smart business. And it takes a lot of work. Enough work that 1 man would be pretty busy with Trump and Hannity as his clients.
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You are missing the point as usual... HUD doesn't hand out the money, they guarantee the loan. HUD will only back up to a certain amount, but they raised that amout by $5 million for Hannity specifically for him..
Added to this hannity didn't disclose this when he had Carson on his show. That is straight up violation of ethics in journalism.. It shows fox news is nothing but a mouth piece..