FIRST ON FOX: President Biden secured a $250,000 line of credit against his Rehobeth Beach, Delaware, home as his son, Hunter Biden, faces an investigation into his tax affairs and amid his own classified documents scandal, records obtained by Fox News Digital shows.
Biden acquired the six-figure home equity variable rate line of credit from M&T bank on Dec. 5, 2022, Sussex County filings show. Biden and his wife, first lady Jill Biden, initially purchased the residence in 2017 for $2.74 million, according to county records.
It's unclear why Biden quietly secured the line of credit, which allows him to borrow up to a quarter of a million dollars against his home's equity, and the White House did not respond to a Fox News Digital inquiry on the matter.
The financial move came as Hunter Biden is embroiled in a federal investigation and the discovery of President Biden's classified documents from his time as vice president was underway.
Biden took out $250K line of credit against Delaware beach home amid Hunter probe, classified docs scandal
- by: Joe Schoffstall
- 02.03.23
- Source:
Fox News
- 02/03/2023
Joe Biden by Phil Roeder is licensed under flickr https://creativecommons.org/licenses/by/2.0/
Joe Biden by Phil Roeder is licensed under flickr https://creativecommons.org/licenses/by/2.0/
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