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In It to Win It

(11,492 posts)
Sat Aug 30, 2025, 04:02 PM Saturday

Texas Attorney General Ken Paxton, a Senate hopeful, claimed 3 homes as his primary residence [View all]

https://apnews.com/article/paxton-mortgages-trump-primary-residence-homestead-deduction-bd259b6bd122afcaf4f11eac5a3a152e

WASHINGTON (AP) — Texas Attorney General Ken Paxton and his wife, Angela, are longtime owners of a $1.5 million house in a gated community outside Dallas. In 2015, they snapped up a second home in Austin. Then another.

The problem: Mortgages signed by the Paxtons contained inaccurate statements declaring that each of those three houses was their primary residence, enabling the now-estranged couple to improperly lock in low interest rates, according to an Associated Press review of public records. The lower rates will save the Paxtons tens of thousands of dollars in payments over the life of the loan, legal experts say.

The records also revealed that the Paxtons routinely flouted lending agreements on some of their other properties.

It is a federal and state crime to knowingly make false statements on mortgage documents. Violating the terms of a mortgage could allow lenders recourse to seek full payment of a loan, according to legal experts.

The problem: Mortgages signed by the Paxtons contained inaccurate statements declaring that each of those three houses was their primary residence, enabling the now-estranged couple to improperly lock in low interest rates, according to an Associated Press review of public records.

Dale Ryder (@kryton3298.bsky.social) 2025-08-29T11:51:22.269Z
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