No. of Recommendations: 22
Well, it turns out that Texas Attorney General Ken Paxton signed three mortgages that contained inaccurate statements declaring that each of his three houses was his primary residence, enabling the Paxton to improperly lock in low interest rates and save tens of thousands of dollars.
President Donald Trump has accused two of his political foes — Sen. Adam Schiff of California and New York Attorney General Letitia James — of committing mortgage fraud, though legal experts say the circumstances are less serious.Paxton simultaneously collected homestead property tax breaks on his home in suburban Dallas, as well as on a $1.1 million home in Austin, property records and tax statements show.
Separately, land records indicate the Paxtons may have violated the terms of at least two mortgages on other houses they own. The mortgage on a home in College Station, Texas, says the property is for the Paxtons’ exclusive use and cannot be rented out. Doing so would be grounds for terminating the mortgage, the document states. The home has been listed for rent on real estate websites on-and-off since at least 2022.
Ken Paxton also holds a $1.2 million mortgage on a “5 bedroom luxury cabin” in Broken Bow, Oklahoma, that is for rent on Airbnb and other short-term rental sites, records show. The property’s mortgage stipulates that it cannot be rented out.What, no call for Paxton to be fired, no DOJ investigation?
Yeah, well, here's my shocked face: 😲
apnews.com - Paxton mortgages trump primary residence homestead deduction 