REPORT: Biden took out $250K line of credit against Delaware beach home amid Hunter probe, classified docs scandal

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As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by Fox News:

FIRST ON FOX: President Biden secured a $250,000 line of credit against his Rehoboth 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 is 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 Bidens’ made the financial move amid their legal troubles.

Hunter Biden has been under federal investigation since 2018 for his tax affairs.

Meanwhile another investigation is ongoing after classified documents from President Biden’s time as vice president were discovered in unsecured locations.

To get more information about this article, please visit Fox News.

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  1. Just trying to be objective here, he may well have set up that line of credit so that he could get a mortgage holder tax deduction on his property taxes. Lots of people do that, I did. And by the way, I have no use for Biden.

  2. Sounds to me that money is:
    1) to pay off a debt he owes to some shady people. Maybe his adrenal chrome bill.
    2) to high tail it out of the country
    3) pay his lawyers for their fee of tracking down his classified papers he was not suppose to have during his time in the senate.
    Those paper shredder’s are pricey.
    ***One Thing For-sure is he Can’t buy off GOD***

  3. His net worth is $8 million!!
    What does he need a line of credit for?!?!?
    Is it because he can’t use the money he’s getting from China while the heat’s on??
    This administration is like a smelly dead fish, from tip of the head to the top of the tail.


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