Reply #23: Was the gambling bill related to the one where Obama hit the wrong button? [View All]

[unc70]

I remember there was something strange about a couple of votes where he tried to have it both ways.


I know it has been posted many many times that the adjoining lot was sold by Rita Rezko for a higher price so it was "obviously" valued properly. But it was also reported that the lot was sold to a Rezko associate. Given the reports that the lot was appraiseed for only about half its selling price, this all raises big red flags for me and makes me ask pointed questions:

1. While it might be possible for a licensed appraisor to be off by 100% in the value of a lot, it would seem unlikely in a market that was described as slow. Since appraisors are licensed in IL, one would expect a certain level of competency.

2. Was the sale by Rita Rezko to a "Rezko associate" a hands-off transaction, or was it a sham transaction in an attempt to establish a misleading "market value"?

3. Since Obama bought the house from the doctor, who was the developer who Obama said had owned the property, the one also know by Rezko?



I have been around a lot of real-estate transactions and the Obama/Rezko story doesn't pass the smell test. It might if I had more information that clarified the questions above and similar ones. It looks like a series of transactions among related parties.

Is anyone here a Realtor in the Chicago area familiar with the markets in that neighborhood? Anyone searched the land records? We need real data to make sense of this.

BTW Do not post the debunking of the ten myths again. That actually opens up more questions than it answers. Good effort at misdirection, but not good enough.