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Hannity Defends $90 Million in HUD-Backed Real Estate
23 April 2018, 09:45 | Hattie Nash
More than 870 homes in seven different states have been purchased over the past decade, ranging from large mansions to rentals for low-income families, according to the newspaper.
The Guardianpublished an interesting article on my new best friend, Sean Hannity. Hannity, who criticized Obama for the rate of foreclosures, said in 2016 there were "millions more Americans suffering under the president", but seems to have made the most of those foreclosures himself. HUD, under the Obama administration, helped Hannity get mortgages worth $17.9 million to fund the purchases by insuring the loans under a National Housing Act program. The current HUD secretary, Ben Carson, has appeared on Hannity's show, but the Fox News host said that he never personally communicated with HUD about the loans.
Dozens of the properties were bought at a discount in 2013, after banks foreclosed on their previous owners for defaulting on mortgages.
Documents filed in Michael Cohen's court case have revealed that his client and Fox News host Sean Hannity has quietly amassed a real estate portfolio spanning almost 900 residential units across several states. "I can say that every rigorous process and strict standard of improvement requirements were followed; all were met, fulfilled and inspected", he said in the statement.
When news broke in open court that Sean Hannity was the secret third client of President Donald Trump's personal attorney Michael Cohen, many raised concerns over his ethics because he had not disclosed the professional relationship.
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The EPA chief has also come under fire for renting a room in a Washington condo owned by the wife of an energy lobbyist. The agency did not disclose the original cost of Wagner's ticket or whether he paid for it with frequent flyer miles.
The shell companies used to buy the properties are limited liability companies (LLCs). HANNITY did not disclose his relationship with HUD when he praised HUD Secretary Dr.
"I really think that you should have disclosed your relationship with Cohen when you talked about him on this show", Dershowitz said.
He insisted that Cohen only briefly consulted on real estate matters.
Michael Cohen. Mary Altaffer/AP While Hannity is listed as the hidden owner behind some of the shell companies, his attorney, Christopher Reeves, did not dispute to The Guardian that Hannity owns all of them.
Hannity has purchased properties in Alabama, Florida, Georgia, New York, North Carolina, Texas and Vermont.
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