Adam Schiff
- Thread starter TigerGrowls
- Start date
LMAO... The first sentence is the key here... Yep, I don't believe it. Any charges filed? Has he been arrested and booked on any charges? Nope. Will ANYTHING come of this? Who knows, but based on OP's constant stream of random tweets that are NEVER heard from again... probably not.
I'd bet he's not the only member of Congress doing this
Tiger Growls: Please consider taking what Donald Trump spews out with at least a small grain of salt. Adam Schiff, like other members of Congress from States that are not in the immediate vicinity of Washington D.C., maintains a personal residence in both his home state AND Washington D.C. And he has stated unequivocally that he fully disclosed that fact to his prospective mortgage lenders when he applied for mortgage loans. Unless you believe he lied about making those disclosures (which would be pretty dumb, considering that he was and is a member of Congress, which is a widely known fact), how in the world could that constitute mortgage fraud?! The notion is laughable. But so are a whole lot of assertions that Donald Trump makes.
Disagree with your opinion. Mortgage fraud though will be the least of pencil necks worries when they start charging on the conspiracy related to Trump 45.
Look, if Schiff represented on his borrowing application that his home in Maryland was his principal residence and he was spending less than 183 days a year there at the time he submitted the application, you might have a point, since a taxpayer (whether he or she is a member of Congress or not) can only have one (1) principal residence. And a mortgage loan secured by a principal residence frequently features a slightly lower interest rate (or other more favorable terms) than a loan secured by a second residence.
But if Schiff in fact disclosed that he had a home in California in addition to the home he was buying (or refinancing) in Maryland and made no misrepresentation concerning his principal residence, how could that constitute mortgage fraud? Is it your belief that Schiff did not in fact disclose this fact? The loan application for his Maryland mortgage loan likely provides a conclusive answer on that question.
We shall see. Like I said this will be the least of his worries before it's over.
isn't there a box on mortgage application where you designate the property as primary or sendary moment. I'm just getting a HELOC and first thing they asked was if this was my primary residence. And, as I understand it, Schiff refinance multiple times and misstated the truth multiple times. Normally not a big deal IMO, plenty of people do it to save 1/4 to 1/2 % on their rate. But Schiff has been such a stickler for the "no one is above the law mantra" that the Feds want to stick it to him. Remember Letitia James did the same thing.
It's kind of dumb, and IMO, mortgage broker is complicit. How can you take occupation as US Representative from California, but my primary residence is Maryland. Same with James, I'm Attorney General from NY but my primary residence is South Carolina (or wherever was her second property) It's really kind of dumb or arrogant for a public figure to misstate their primary residence to save $20/month mortgage payment.
And as I posted somewhere else, bet there are other members of Congress who have done the same thing.
They might have to use two ropes for ole "pencil neck" to ensure the job is done correctly/completely.
I don't know the facts about Schiffs application or process, but I'm just getting a HELOC and here's my experience....
when applying, first thing I was asked was if the backing property was my primary residence. I own a couple of houses so I answered that it was primary residence.
That was first time.
When I got the paperwork to sign, it listed two houses, one as primary and one as second.
So Schiff may have said primary or secondary, but somewhere in the process he likely signed a document listing Maryland as his primary residence.
And it's my understanding, from news reports, that he refinanced multiple times. So there's a good chance he might have more than one count of mortgage fraud.
1. A taxpayer can have only one primary residence. This rule applies to members of Congress as well. I went back and checked on that after commencing to post in this thread, because I thought there might possibly be some kind of special rule for members of Congress who represent states that are geographically distant from Washington D.C. and therefore maintain two homes, one in their home state and one in D.C,
There used to be a subsection of Internal Revenue Code ("IRC") Section 162, which is the Section of the IRC dealing with the deductibility of "ordinary and necessary business expenses." that allowed Members of Congress to deduct up to $3,000 per year for living expenses while away from home in Washington D.C. on official business. That subsection provided that, for purposes of the $3,000 deduction, a Congressperson's principal residence was his or her home state residence. This subsection of IRC Section 162 was eliminated by the Tax Cuts & Jobs Act of 2017.
2. It is beyond dispute that a borrower seeking a new or refinanced mortgage loan can typically get a slightly lower interest rate on his or her mortgage loan if the real property securing that loan is the borrower's principal residence.
3. A person's principal residence can change. People do move from time to time. I don't know exactly when Adam Schiff acquired his Maryland residence, and where his principal residence was at the time he applied for the mortgage loan secured by his Maryland residence. It was likely either the home he owned in California or a home he rented in the D.C. area. But it seems reasonable to assume that the Maryland home became his principal residence after he acquired it, because a member of Congress likely spends more than half of any given calendar year (i.e., 183 days) in D.C., doing his or her job. There is nothing wrong with Schiff changing his principal residence from his California residence to his Maryland residence, so long as he was not simultaneously claiming both of them as a principal residence. Moreover, the fact that he may have changed his principal residence to Maryland does not render fraudulent his claiming his California residence as his principal residence on a mortgage application filed years earlier.
I just don't see how Schiff could reasonably expect to lie on a mortgage loan application and get away with it. Whatever you may think of him, Schiff is not stupid. I find it hard to believe that he lied with respect to an issue where he could so easily be caught. Trump has made the accusation but has thus far not provided any evidence to back up that accusation.
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Let's assume the above Affidavit is genuine. If so, it proves that Adam Schiff represented to either the Montgomery County (MD) tax assessor or tax collector, or possibly to his mortgage lender, that the real property which is the subject of the Deed of Trust referenced in the Affidavit was his primary residence as of November 4, 2011. That certainly does not prove he is guilty of mortgage fraud.
You would need to have more information in order to be able to answer that question. Where was Schiff in fact spending the majority of his nights in 2011? When did he buy the subject residence? Was it on or about November 4, 2011, or some time before that? Did he move into that residence upon acquiring it and make it his primary residence? (A person's primary residence can and usually does change over time.)
You'll have to provide a lot more than that Affidavit in order to make out a case of mortgage fraud.
Well he stated that his primary residence is in CA in order to be a senator for the state so we have that angle too.
That's absolutely true, Tiger Growls, but you have to put a couple of qualifiers on that.
First, a Senator need be a resident of the State that he or she represents only at the time he or she is elected. There is no durational residency requirement that applies throughout the Senator's term. Here is the precise language, taken from Article 1, Section 3, Clause 3 of the Constitution:
No Person shall be a Senator who shall not have attained to the Age of thirty Years, and been nine Years a Citizen of the United States, and who shall not, when elected, be an Inhabitant of that State for which he shall be chosen.
Second, the lack of a durational residency requirement is partially explained by the fact that many Senators represent States located far from Washington D.C. They would have a hard time doing their job (i.e., representing their constituents in Washington D.C.) if they had to ensure that they were present in their home state for a majority of the calendar year. I suppose it could be done with the various recesses, holidays and weekends on the calendar, but it would take a lot of effort. My guess is that most of them live in D.C. for the majority of the calendar year.
I suspect that Schiff claimed Maryland on his application for his Maryland mortgage loan and that he has spent 183 days or more living in that Maryland home each calendar year since he bought it. That would not run afoul of either the Constitution or applicable borrowing rules. But I will readily admit that I am speculating on some of the facts here. I suspect the full truth of this situation will come out in due time.
what are California laws about residency in order to run for US House of Representatives? In some states you don;t have to live in your district, others require it.
I don't think Trump made the accusation, he just piled on after the complaint was made
where did he pay state taxes? There's a lot to unwind on this whole thing. Schiff lives in Maryland and there doesn't seem to be much question about that. According to news reports. he also has an apartment in the district he represented. I don't know if that was solely for cosmetic reasons or it's a requirement in Ca. I don't even know if the report is accurate.
As you said, it would be extremely stupid for him to have claimed both states as primary residence. One thing that does appear to be accurate is that he claimed Md as his primary residence. And, reports also indicate he refinanced multiple times.
And, of course, folks who lean right are still waiting to see the undeniable proof he had that Trump colluded with the Russians.
But who's to know?
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Members of the House of Representatives are not required to live in the specific congressional district they represent, but they must live in the state they represent at the time they are elected. The U.S. Constitution mandates that representatives be at least 25 years old, a U.S. citizen for seven years, and an inhabitant of the state they represent at the time of election. It's expressly set forth in Article I, Section 2, Clause 2 of the Constitution.
While the Constitution doesn't specify district residency, it's generally considered a political convention for representatives to reside within the district they serve. However, there are instances where representatives might live outside their district, and this is not unconstitutional. The most common example of this would be a House Member who represents a district located far from D.C. maintaining a primary residence in D.C. Such House members typically express the intent to return to living in their home district (or state) after their service in Congress is complete.
Schiff probably paid state taxes in more than one state. I do so myself, as I have income that is sourced in more than one state.
and all that's fine as long as you name only one place as your primary residence. This is another one of those instances where none of us really know the whole story. As I posted, folks on the right want Schiff in jail, folks on the left say"nothing to see here, just move along". Best to hold all our declarations of fact until the facts come out.
hey now, you don't have to be a 1% to pay taxes in more than one state. There was a period of about 3 years where I had to file multiple state taxes because I incurred expenses on a business trip to another state. It was so stupid. This was back in like 2017-2019, but I took several trips each of those years for a 1-2 day business trip and had to file multiple state taxes. I am not sure if that still holds true.....I will find out this year as I have been to VA, Dallas and NY in the last 2 months. One year I had to file 5 state taxes......what really sucked is my company would not pay for the Turbo Tax charges to file those state taxes.damn, a 1%er....I knew you were smarter than Knox said
I'd say it is likely that none of us know all of the details of Schiff's primary residence story. It is likely that Trump does not know, either. But I would note that he kicked off this whole thing by claiming unqualifiedly that Schiff had committed mortgage fraud.
no, as I said the complaint about Schiff came from someplace else. Trump simply piled on by posting a Schiff signed document stating the Maryland was his primary residence
Schitt is a LIAR. He's always been a liar. He's one of the biggest POS in our entire country. He's also a ******.
That ****** would still get on TV today after all the info has come out and say he has proof of collusion.
Adam Schitt is a LIAR. GFY 'lil bear. Some of us are sick of this ****.
If I'm reading you correctly, you have a real problem with politicians who lie?
Isn't it ironic? Lol.If I'm reading you correctly, you have a real problem with politicians who lie?
That's a good point. Lol. As long as you ONLY lie, then it's the truth. Kinda 1984 ish. Before long Trump will create a Ministry of Truth....Seems he gives a special pass to politicians who ONLY lie
LOL, Trump Cultist.
"Hey Russia, if you're listening ..."
LOL, Trump Cultist.
"Hey Russia, if you're listening ..."
Now do when Hillary asked for China to do the same .
Just sit back, and relax when it happens.LOL, Trump Cultist.
"Hey Russia, if you're listening ..."
It's coming.
... said your Orange Guru, to more than one 14 year-old girl.