5046 S. Greenwood Ave., a special place.
<http://texasdarlin.wordpress.com/2008/12/17/5046-s-greenwood-ave-a-special-place>http://texasdarlin.wordpress.com/2008/12/17/5046-s-greenwood-ave-a-special-place December 17, 2008 by <http://texasdarlin.wordpress.com/author/texasdarlin/>texasdarlin It must be a very special mansion, given the shenanigans that were pulled to make it the Obamas’ home. Here, I’m just going to consolidate a few of the excellent comments without further research or analysis that were posted by readers in the Tuesday thread, <http://texasdarlin.wordpress.com/2008/12/16/fitzgerald-watch-5046-s-greenwood-ave/?preview=true&preview_id=5591&preview_nonce=29c96aba87>Fitzgerald Watch: 5046 S. Greenwood Ave.. The comments provide additional information and raise valid questions about the transaction. From Jo Chgo: I put the assessor’s parcel number into our friend Google, and this old blog post (April 2008) from the Chicago Sun-Times pulled up. Hiding all in plain sight. What does it mean? By Anna on April 26, 2008 4:42 PM Dear Natasha and Chicago Sun Times Reporters,- This link has some very curious information, some of which, I include below. If true this raises some questions for Sen. Obama (and some eyebrows) - Is this property linked to the bail of Tony Rezko? <http://www.democrats.org/page/community/blog/mikestein>http://www.democrats.org/page/community/blog/mikestein “Examine the Cook County land records: “The deed for the house that the Obama’s purchased for $300k less than the asking price is from Frederic Wondisford and his wife, Sally Radovic, to the Obama’s Northern Trust Company Land Trust #10209 (established as such for “confidentiality”) is dated 15 June 2005 and is recorded 21 June 2005 as Document #0517233010. Declared value is $1,650,000.00. The deed for the vacant lot is from Wondisford/Radovic to Rita M. Rezko. This deed is dated 15 June 2005 and recorded a day earlier, on 20 June 2005 as Document #0517133004. Declared value is $625,000.00. Examination of the Cook County records very clearly indicates that Rita M. Rezko conveyed the entire lot to Obama’s Northern Trust Company Land Trust #10209 on 11 January 2006 and recorded 16 February 2006 as Document #0604733162. Declared value is $104,500.00. VERY IMPORTANTLY, thorough and careful examination of all Cook County land records fails to locate a deed back to Rita M. Rezko from the Obama’s Northern Trust Company Land Trust #10209.There is a “wild’ deed indicated from Rita M. Rezko to “5050 S. Greenwood LLC”. This is an Illinois limited liability corporation with the same address as Rezmar Corporation that is registered to the indicted Tony Rezko. (This deed is considered “wild” because it is not supported by any ownership deed from the Obama’s Land Trust.) Furthermore, Tony Rezko’s registered corporation, 5050 S. Greenwood LLC, then pledges the entire vacant lot in favor of a mortgage THAT IS STILL OPEN with Fifth Third Bank for the amount of $375,000.00. This is Document #0703357023 recorded 2 February 2007. THUS, THE ENTIRE VACANT LOT IS TITLED TO SEN. BARACK AND MICHELLE OBAMA (IN THEIR LAND TRUST FOR CONFIDENTIALITY) AND ALLOWED BY SENATOR BARACK AND MICHELLE OBAMA TO BE PLEDGED BY A TONY REZKO CORPORATION TO SECURE A LOAN. This is contrary to what has been stated by Senator Obama; contrary to what has been stated by Senator Obama’s campaign staff, and contrary to what has been reported. It must be noted that a seemingly intelligent Harvard educated attorney does not make such unknowing errors as stated above. The above is obvious intent not “oversight”. The home property description is 20-11-115-034-0000 The (entire) lot description is 20-11-115-035-0000. Originally, the entire piece of property was one description…so that the Obama’s could afford purchase, they pressed for the split. To do this, the county had to assign two property descriptions for each conveyance…and so that they could close on the same day as insisted by seller. Thus, to answer your question, which can very easily be determined…to sell only a portion of the lot, there would have to be assigned two (new) property descriptions for the lot…but that was never done and, obviously, not desired or requested. Proof positive that Obama and Rezko are partners. Everything that he said was false…Note, too, that Obama’s campaign stated that Rita Rezko sold the lot to Michael Sreenam, one of her husband’s attorneys…as the fable goes, for a profit…to make the whole scenario plausible…” Full post available at above noted link. From reps: BHO & MO have never paid property tax for 5046 S. Greenwood. As well, the earnest money terms and down payment have Tony and Rita Resko’s fingerprints all over this deal. It stinks to high heaven! http://therealbarackobama.wordpress.com/2008/12/15/obama-real-estate-facts-verify-verify-verify/ From JBQ: 1. Was the lot division, lot split, or lot line adjustment required to be approved by a local governmental agency, such as the city? All lot divisions in many states have to be approved in advance, or the conveyance is illegal. 2 Does the remaining portion of the parcel have legal access and is the property buildable. If the remaining portion lacks independent legal access, or if the remaining portion is not legally buildable (i.e., too narrow), then it would have little to no value. If so, the entirety of the appraised value on the vacant lot should be allocated to the 10 strip. (The 10 strip that was conveyed to Obama is no problem, since it becomes joined with the rest of his property.) 3. Was the intention of the parties to make the remaining portion unbuildable and mere open space? If so, Obama has appropriated the entire value of the vacant lot. 4. Is Obama interfering or frustrating the present owner from building on the remaining portion? Hopefully, the F.B.I. is investigating the above. From Insightanalytical: Wasn’t Michelle on some sort of historical building board at the time they were “househunting?” And wasn’t the term limited to 1…but, that rule was waived and she was in her 2nd term on that board??? From seven: Patti Blagojavich also got a lot of action from Mahajan, Obama’s banker. Don’t be surprised if the banker has notes on Gov. Blago’s property in addition to Obama and Rezko. The Bankers wife is going to jail if she isn’t already there. From reps: From Free Republic and Death by 1000 papercuts… “While researching an article about Obama’s Chicago home– about the circumstances surrounding who is the “owner”, I happened across a bit of information: Obama’s home has a Fannie Mae-Freddie Mac mortgage to the tune of $1,320,000. (Page 5 of Cook County Property Assessment Record) The information comes from the Cook County Clerk’s office where the “owner” of the Obama home is listed as William Miceli, a former supervisor of Obama’s when he worked at the David Law Firm. What’s unusual about the Obama mortgage is that the upper limits of a Fannie Mae loan on a single family dwelling as of January, 2008, is $417,000 while mortgages in “high cost” areas cannot exceed $729,750. The Obama’s mortage, through Northern Trust Company, is in the amount of $1,320,000. The limits for a Freddie Mac single family dwelling is $417,000, with an upper tier of $625,500 for homes located in Alaska, Hawaii, the Virgin Islands, and Guam. I looked into whether Cook County, Illinois, where the Obama home is located, and whether it is considered by Fannie Mae or Freddie Mac as a “high cost area”. I found this little snippet written by Lew Sichelman, of the Reality Times in 2004, a few months prior to the Obama’s purchasing their home: Is there any explanation for this?” http://www.freerepublic.com/focus/f-news/2148695/posts From Dr. Kate: I believe Blagojevich’s wife was the Realtor for the transaction. Now we see why Rezko is talking more: Blago-Rezko-Rita Rezko-the bank-blago’s wife-obama-the FBI tapes-the house-the quid pro quo. 2005 no less. What was blago going to get for wife’s making the deal between rezko, rita r, and obama for their house? And Obama doesn’t own the house? So is he once again unscathed because someone else owns the house they call their own???? --~--~---------~--~----~------------~-------~--~----~ Please note that I do not send or open attachments sent to this list. You received this message because you are subscribed to the Google Groups "Catholics on Fire" group. 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