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"Re Fi." or...Norman Coleman = Refinance Norm in debt to his eyeballs.

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cyclezealot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-09-09 09:10 AM
Original message
"Re Fi." or...Norman Coleman = Refinance Norm in debt to his eyeballs.
ReFi

If Dianne Feinstein is known as "DiFi," maybe Norm Coleman should be called "ReFi."

In the 14 years since The Minnesota Senator-in-Limbo and wife Laurie purchased a home in St. Paul, he has refinanced or otherwise revised the terms of his mortgage 12 times, according to records obtained by a Coleman foe.

The documents aren't especially sinister -- but they paint a portrait of a politician, who, like just about every other homeowner in the country, used his primary residence as an ATM machine as real estate prices spiked.

It appears from the filings that Coleman and his family piled up a huge increase in their debt -- rising from a $172,000 first mortgage to a final $775,000 30-year loan registered in 2007.
snip

Unless the Minneapolis paper (startribune.com) is making stuff up, it's right out there that he's in financial trouble and part of a lawsuit in Texas to funnel money to his wife. Yes, it is a shame, but it's not made up.
http://www.politico.com/blogs/glennthrush/0109/ReFi.htm...
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MineralMan Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-09-09 09:14 AM
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1. Foreclose on Norm now!
Now that he's out of work, he's gonna have trouble making the payments on that $775K loan. Sorry, Norm. Stupidity will always have its reward.
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cyclezealot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jan-09-09 09:28 AM
Response to Reply #1
2. Stupid is as stupid does.
And he thinks it reason to return him as a US Senator.. Who needs his ilk.
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