Let’s clarify a few things:

The buyer you refer to (Miceli) bought the property as Trustee on behalf of The Northern Trust Co # 10209 for $1,650,000 and used $250,000 borrowed by the trust in the form of an equity line.

The SELLER is listed as having had a 1,320,000 Fannie Mae / Freddie Mac loan.

Typically, that entry is a default entry from a pull down menu. There is no such thing as a “Fannie Mae / Freddie Mac” loan. The document is trying to communicate that there is conventional financing on the property. Most likely, there was a conventional first mortgage up to $417,000 and a second mortgage… possibly even a home equity line on top of that, all adding up to the 1,320,000 total payoff.

Again, I am NOT a fan of President Obama, but I am a fan of accuracy! There are PLENTY of things we can be talking about that are real issues.

By incorrectly drawing attention to a non-issue, you are reducing the efficacy of bringing up real issues like the socialization of private industry or gun control!

If you are a conservative as I am, let’s stick to the real issues and raise valid concerns instead of throwing up smoke screens that do nothing to educate voters.

God bless you, and God bless America.

Michael