Rick Santorum Took Multiple Mortgages on $2 Million Estate

By Patch | Posted Jan 18th 2012 1:44PM

Updated Jan 18th 2012 1:46PM

A search of land records for the $2 million Great Falls, Va., home of Republican presidential candidate and former Pennsylvania Sen. Rick Santorum turns up a series of mortgages that at times equaled and exceeded the sales price of the property.

The industry guideline is that usually mortgages should not exceed 75 percent of the appraised value of a property, according to mortgage experts. The assessed value of Santorum's Great Falls home, which is set by Fairfax County, has fallen since Santorum bought it in 2007.

Property values have fallen throughout the Virginia county -- even in the wealthiest communities of McLean and Great Falls -- because of the recession.

Read the full story on the McLean Patch

Also see:
Mitt Romney's 'White House North' Could Spur Local Economy
Rick Perry's Real Estate Deals in the Crosshairs

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Reader Comments (5)

by Rikki - January 19th 2012 @ 3:40PM

And this is someone with whom we want to be in charge of our federal budget? This is just one more reason for not to vote for this man. I want someone in office who knows how to make our money work for us.

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by Fred - January 19th 2012 @ 5:48PM

Lots of politicians do this to finance their campaigns.

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by jaba - January 19th 2012 @ 4:55PM

Dig deeper and you'll find he's not the SAINT that he projects himself to be. I wouldn't be surprised if he was eventually found in a public men's room servicing a MAN. He's so fixated on the Gay thing. He's ALWAYS talking about it. It kinda makes you wonder what's behind his FIXATION?

by Lenny - January 20th 2012 @ 11:02AM

Where's The Presidents' Real Estate Deals?

by spoton - January 19th 2012 @ 6:05PM

Hey, if we had heard all about the Prez and his wifey's real estate deals with a convicted felon, maybe we wouldn't be in this freakin' nightmare we are in. This year, good voters who are responsible for theis guy in office, we are predicted to have $5 per gallon gas - so unless you've got your Prius already, better find a bus stop 'cause it's the ONLY way you're going to be able to afford getting around. And yes, many of us will say, "We TOLD you so!"

5 Comments / 1 Pages