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Old 06-28-2008, 08:00 PM
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sandgk sandgk is offline
Watson, Crick & A Twist
 
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And I thought Cindy was loaded (no, not the old drug addiction - I mean cold hard cash) apparently not enough to prevent an oceanfront condo from getting onto the Foreclosure lists.

McCain Cali property in Foreclosure?

Failing to pay taxes being the cause.
Quote:
Newsweek is set to publish a highly embarrassing report on Sen. John McCain, revealing that the McCains have failed to pay taxes on their beach-front home in La Jolla, California, for the last four years and are currently in default,
The quoted link is to a map for the home - evidently McCain doesn't merit the deep, double secret Google Maps probation accorded Cheney, yet.

EDIT: Boy they covered that quick - though they are still in arrears:

Quote:
Mrs. McCain, San Diego County Would Like a Word
Suzanne Smalley, Andrew Murr, Mark Hosenball and Nathan Dinsdale
NEWSWEEK
Updated: 3:53 PM ET Jun 28, 2008
When you're poor, it can be hard to pay the bills. When you're rich, it's hard to keep track of all the bills that need paying. It's a lesson Cindy McCain learned the hard way when NEWSWEEK raised questions about an overdue property-tax bill on a La Jolla, Calif., property owned by a trust that she oversees. Mrs. McCain is a beer heiress with an estimated $100 million fortune and, along with her husband, she owns at least seven properties, including condos in California and Arizona.
San Diego County officials, it turns out, have been sending out tax notices on the La Jolla property, an oceanfront condo, for four years without receiving a response. County records show the bills, which were mailed to a Phoenix address associated with Mrs. McCain's trust, were returned by the post office. According to a McCain campaign aide, who requested anonymity when discussing a private matter, an elderly aunt of Mrs. McCain's lives in the condo, and the bank that manages the trust has not been receiving tax bills on the property. Shortly after NEWSWEEK inquired about the matter, the McCain aide e-mailed a receipt dated Friday, June 27, confirming payment by the trust to San Diego County in the amount of $6,744.42. County officials say the trust still owes an additional $1,742 for this year, an amount that is overdue and will go into default July 1. Told of the outstanding $1,742, the aide said: "The trust has paid all bills shown owing as of today and will pay all other bills due."
Dan McAllister, treasurer- tax collector for San Diego County, said that about 3 percent of San Diego's approximately 1 million property owners default on their property taxes each year. The county assesses a 1.5 percent penalty for each month that goes by unpaid and puts houses up for sale after five years. "We do hear an awful lot of excuses for why people don't pay," McAllister said. "Under the law, the property owner is responsible for keeping the address current. We're only as good as the information we are given."

Last edited by sandgk; 06-28-2008 at 08:49 PM. Reason: Updated Info on Tax Bill Pyaments
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