Sunday, December 21, 2008

A tale of two houses - 12/19/08 - Chicago News - abc7chicago.com

A tale of two houses - 12/19/08 - Chicago News - abc7chicago.com: "By Chuck Goudie

Real estate deals involving the governor and his wife have attracted the attention of federal authorities. Since Mr. Blagojevich was charged, most public attention has focused on the allegation that he tried to sell Barack Obama's Senate seat.

But authorities are looking at far more than that, including the curious tale of two houses.

The governor owns two houses. The governor's well-known residence on Chicago's North Side and a condominium that he and his wife own in the chic Dupont Circle section of Washington, D.C.

For a man who makes $177,000, owes $2 million in legal fees and is at risk of losing his job, according to property and tax records, Rod and Patti Blagojevich appear to be over-leveraged on their known real estate."

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They could be living for free in the Governor's Mansion in Springfield, but he has insisted on living in Chicago all this time. He says it is "for the children," meaning that his kids attend a Montessori school in Chicago. The article suggests it is so his wife can make bucks from her real estate license. She is under investigation because her clients seem to be people getting favors from the Governor, such as the Mahajans.

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