Rich people who own lots of homes can enjoy the benefits of owning their own homes.
But a number of people have been accused of abusing their power and purchasing homes for the money they can afford.
The New York Times reports that a billionaire who has a home in Manhattan bought a home for $2.2 million and later sold it for $300,000.
The Times reports:After the sale, Mr. Gant, an oil executive who also owns a luxury condominium in the affluent Upper West Side, had his mortgage payments paid off, paying off his mortgage with a $100,000 loan from the bank.
In addition to the mortgage payments, he also sold his $1.8 million condo and used his $2 million for a $300 monthly mortgage.
The Times reports Gant bought the house for a cool $200 million and used the proceeds to buy a $3.8-million house on the same block in Manhattan for a new owner.
The report goes on to report that he then went to foreclosure, and the home was foreclosed on.
In a statement, a spokesman for Gant said that he has since sold the property.
The story also reports that Gant sold his condo for $400,000, but that he later sold the same condo for about $800,000 and then sold the condo for an undisclosed amount.
In a statement to the Times, a representative for Gants attorney said that the report is false and that he will not be defending himself in court.
“I have sold the home in question to an anonymous buyer, and will not have any further comment at this time,” the statement said.
We have received numerous reports of wealthy people purchasing homes and homes for money, and I am committed to doing everything possible to make sure this doesn’t happen again.
It is important that we protect taxpayers and taxpayers’ assets from fraudulent practices.
In a separate story, the New York Post reports that the New Jersey Supreme Court ruled that a man was found to have bought a house and then tried to sell it for more than $2,500,000 because he couldn’t afford to pay off his debt.
The man, Michael McWilliams, told the court he had a $1 million mortgage, and he had bought a $700,000 home in Garden State Park.
The court ruled that McWilliams didn’t have the financial means to pay his debt, and that the buyer was entitled to the $1,000 interest rate, the Post reports.