Delaware

Joe Biden turns his Delaware home into 'personal ATM', earns $4.2mn from $350K property: Report

Published

2 years ago

June 26, 2024

Joe Biden turns his Delaware home into 'personal ATM', earns .2mn from 0K property: Report

United States President Joe Biden and First Lady Jill Biden are believed to have treated their various real estate holdings in Delaware as their personal ATM for years by using them for various mortgages and refinancing them for not less than 35 times, according to a report.

The couple, whose reported net worth is $10 million, have allegedly borrowed $6 million against their properties for many years.

The dealings over their homes in Delaware are likely to have started in the late 1970s just after Joe and Jill got married.

According to a report published in the Daily Mail, the mortgage or credit deals were negotiated by the couple after approximately every 17 months. Such frequent refinancing has left the finance experts puzzled.

“It doesn’t make a lot of sense unless they were desperate for cash,” said a finance expert, while speaking to Daily Mail.

The revelations made in the report have further added mystery to the financial past of his family as the president faces scrutiny over financial transactions.

Biden’s murky financial transactions

The current residence of Bidens is a mansion which was purchased in 1996 and has an outstanding $541,000 mortgage after nearly three decades, as per records.

“Why would anyone view their home as an ATM?” LA realtor Tony Mariotti said while speaking to the Daily Mail.

“Over time, mortgage fees really add up. Paying off a mortgage… is like a forced savings account that bears modest interest,” Mariotti added.

As per the records, in 1996 the current four-acre spread was purchased by Bidens for $350,000 and they have since leveraged it with 20 different home credit agreements as well as mortgages totalling $4.23 million.

Watch: US: Biden & Trump prep for key Presidential debate

Bidens’ other major property is a summer home in Rehoboth Beach which was purchased in 2017 for $2.74 million. It was a cash purchase and had no mortgages attached to it.

However, financial records of Bidens show that they have significant debt and have a mortgage on the Wilmington home as well as an equity loan on the same property.

The family’s total liabilities fall between $350,000 and $850,000. Their estimated assets fall between $1 million and $2.6 million.

According to the records, the Bidens have sanctioned 13 home loans and two credit agreements between 1978 and 1994 which totals $1.72 million.

(With inputs from agencies)

Prisha

Prisha is a digital journalist at WION and she majorly covers international politics. She loves to dive into features and explore different cultures and histories

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Delaware

Delaware history in The News Journal archives, March 29 to April 4

Published

8 hours ago

March 28, 2026

Press Room

Delaware history in The News Journal archives, March 29 to April 4

Excerpts from The News Journal archives from March 29 to April 4 include Wilmington’s national champion swimmers in 1926.
A new plaque in 1976 commemorates Delaware’s role in the Underground Railroad.
“Runaway development overwhelming Delaware” in 2006.

The Delaware history column features excerpts from The News Journal archives including The Morning News and The Evening Journal. See the archives at delawareonline.com.

March 29, 1926, The Evening Journal

Acclaim for high school national champion swim team

A self-appointed committee has started a movement to publicly honor the Wilmington High School swimming team, winner of the national inter-scholastic championship on Saturday at Northwestern University, Evansville, Ill., with a banquet in the Hotel duPont on Tuesday, April 6.

Reservations at $3 a plate can be made by sending a check for that amount to Herbert B. Mearns at Wilmington Trust Company, 10th and Market streets. Frank Ford Palmer, president of the Wilmington Swimming Association, and Councilman Alexander R. Abrahams, are the other members of the committee. …

Today is a holiday at Wilmington High School in celebration of the swimming team’s honor.

For several hours, the student body, headed by the school band as an escort to the championship team, paraded on Market and other streets of the city. …

The parade was the second within 24 hours, the boys having also paraded about the city upon the arrival of the team late last night.

Members of the team faced one of life’s proudest moments at the school this morning, when before their enthusiastic and cheering fellow students, they were eulogized by school teachers and officials for their achievements as mermen. …

The team includes Coach Leroy F. Sparks, Manager C.C. Gerow Jr., Captain Frank Holt, “Bus” Palmer, Sam Reese, Jim Frazer, Jack Spargo, Leon Syfrit, Charles Hartman, Bill Brown and Bill Briggs.

March 31, 1976, The Morning News

Wilmington plaque to honor slave escape route

A plaque to commemorate Delaware’s role in the Underground Railroad during slavery will be erected late this spring in the Peter Spencer Plaza on French Street, between 8th and 9th streets.

The two-foot-by three-foot bronze emblem will have pictures of Thomas Garrett, who helped more than 2,700 slaves escape, and of Harriet Tubman, who led hundreds of slaves from the south to their freedom.

The project is sponsored by the Wilmington branch of the Association for the Study of Afro-American Life and History through a $5,000 grant from the Delaware Bicentennial Commission.

The plaque will be erected about 25 feet from the Father and Son Statue honoring Peter Spencer. The plaza was named after Spencer in 1974 to commemorate the site of the church he founded in 1813 that was the first in the country entirely controlled by blacks.

The plaza was selected as the site for “The Underground Railroad” memorial “to permanently commemorate the spirit of freedom, self-determination and camaraderie,” according to a resolution passed by the Wilmington City Council earlier this month.

Delaware became an important link in the Underground Railroad because it was usually the “last stop before freedom” for slaves on their way to Philadelphia and other northern cities. The chain of safe homes stretched from the South into the North and Canada before the Civil War. As they moved north to freedom, blacks fleeing slavery could be hidden in the houses of antislavery whites.

April 2, 2006, Sunday News Journal

Runaway development overwhelming Delaware

Look around Delaware. Tens of thousands of people have poured in from other states, enticed by an affordable suburban lifestyle in neighborhoods framed by farms and woods – all just a short drive to the beach.

But now, look-alike houses stretch from Bear to Rehoboth Beach, every year consuming an area of land larger than Wilmington. Kent County has so many new homes that Boyd White of Magnolia can’t tell where one town starts and another ends: “The charm is disappearing.”

In old farming communities, newcomers found a peaceful rural refuge. But now, that influx has forced Middletown High School to put students in trailers. …

Vacationers and retirees from all over the East Coast have migrated to the Delaware beaches to escape metropolitan life. But now, traffic is so bad on the two-lane road to Fenwick Island that retiree Jack Weston would “rather go out in a boat than a car.”

Indian River Bay, a magnet for boaters and fishermen, is so clouded by pollutants that if Stephen Callanen goes sailing, “You can’t see the bottom when there’s a lot of toilets flushing.”

Fifteen years of growth that has outpaced Maryland, New Jersey, New York, Pennsylvania – in fact most of America – has forever changed much of rural Delaware. Since 1990, about 84,000 new homes have been built statewide.

But with about 100,000 more homes planned, experts fear that unless government leaders do a better job controlling land use, the prosperity and qualities that make Delaware so appealing might be lost.

“It’s a rush to destruction,” said John Hughes, Secretary of the Delaware Department of Natural Resources and Environmental Control.

Beyond the loss of scenic vistas, growth has created unprecedented traffic jams and air and water pollution, crammed classrooms and created a pressing need for public safety services. …

That is the legacy of decades of politicians promising strong land use reform but delivering weak policies that were often ignored. As a result, hundreds of farms have been transformed into one of the region’s top housing bargains. …

Maynard Esender, a cabinetmaker who has lived for nearly 20 years in the Sussex County town of Frankford, has watched growth steadily envelop the nearby beach areas. But last year, he was stunned after nearby Millville, which has about 270 people, approved a 2,700-home subdivision – the largest in state history.

“Soon the entire Delmarva Peninsula will be paved,” Esender said. …

When nurse practitioner Maltide Cruze moved to Middletown with her husband and two sons five years ago, they envisioned rural bliss. …

Both Maltilde, who commutes to Dover, and her husband Luis, who works at Christiana Hospital, now endure rush-hour backups as Middletown’s population has doubled to 12,000.

Reach reporter Ben Mace at rmace@gannett.com.

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Delaware

Supreme Court says local elections board must hear residency challenge

Published

20 hours ago

March 27, 2026

Press Room

Supreme Court says local elections board must hear residency challenge

The Ohio Supreme Court has ordered the Delaware County Board of Elections to hold a hearing on a residency challenge.
The challenge questions whether board member Melanie Leneghan, who is running for reelection on the state GOP central committee, lives in Ohio.
A previous hearing could not proceed after three of the four board members, including Leneghan, recused themselves.

In the latest development in the ongoing challenge over where a Delaware County Board of Elections member actually lives, the Ohio Supreme Court has weighed in.

On March 27, the state’s high court ruled that the Delaware County elections board must hold a hearing about the challenge to Melanie Leneghan’s residency. Leneghan is running for reelection to the position of District 19 women’s representative for the Republican State Central Committee seat in the May 5 primary.

A March 5 elections board hearing could not proceed after the two Democrat members recused themselves, along with Leneghan, a Republican, and the board could not reach a quorum. After that meeting, Velva Dunn, a Delaware County Republican Party Central Committee member, asked the Ohio Supreme Court to force the board to act.

Democrat elections board members Ed Helvey and Peg Watkins both recused themselves from the March 5 decision, citing concerns that any action they took could be perceived as partisan. Leneghan also recused herself.

Dunn challenged Leneghan’s ability to vote in Ohio, claiming Leneghan lives in South Carolina. Leneghan has denied the allegations, saying she lives in Ohio but travels out of state for work and to visit her daughter, who attends college in South Carolina. Leneghan owns two homes there.

She sold her Delaware County home in 2025 and is registered to vote at a house in Galena, of which she became a listed co-owner March 12 through a deed transfer that involved no monetary exchange, records from the county auditor’s office show.

Ohio does not have any known requirements about the amount of time a person needs to live in Ohio to be considered a resident. Voters must be a resident for at least 30 days before the election to be eligible to vote.

Ohio also does not have a process outlined in law for how recusals of elections board members should be handled. Those boards each comprise two Democrats and two Republicans.

In its ruling, the Ohio Supreme Court said Helvey, Watkins and Republican Steve Cuckler, the fourth board member, must hold a hearing about Leneghan’s challenge “forthwith.” It was not immediately clear when that meeting would take place.

Reporter Bethany Bruner can be reached at bbruner@dispatch.com.

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Delaware

50 boys outdoor track and field athletes to watch in Delaware in 2026

Published

1 day ago

March 27, 2026

Press Room

50 boys outdoor track and field athletes to watch in Delaware in 2026

Since the start of 2025, Delaware boys track and field athletes have set 11 state records between the indoor and outdoor seasons.

After a winter season in which 17 performances reached the top five on the state all-time list, Delaware appears poised for another strong spring.

Our list of track and field athletes to watch (presented alphabetically) features athletes from 24 schools who compete in sprints, distance races, throws and jumps. They are the athletes we expect to be among the state’s leaders at the DIAA Championships at Dover High on May 15-16 although many new names could emerge by then.

After defending its indoor track and field state title, Middletown is in search of its second straight Division I championship. Saint Mark’s enters the season as the Division II winner in three of the past four seasons.