Report: Texas AG Ken Paxton claimed three homes as primary residence [View all]

Source: msn/CBS Texas

11h


Texas Attorney General Ken Paxton and his wife, state Sen. Angela Paxton, are longtime owners of a $1.5 million house in a gated community in McKinney. 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 collected an improper homestead tax break on two of those homes at the same time.

It is a federal and state crime to knowingly make false statements on mortgage documents. It's also against the law in Texas to collect a homestead tax break on two separate properties.

Read more: https://www.msn.com/en-us/news/politics/texas-ag-ken-paxton-claimed-three-homes-as-primary-residence-records-show/ar-AA1Je2dF

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Paxton is running against Cornyn for the U.S. Senate primary next year and this was carefully buried while they promoted 45 going after Adam Schiff (and NY AG Leticia James) for something similar.