Delaware

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

Published

7 months 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

How much snow are we getting? See the Delaware weather forecast for this weekend

Published

7 hours ago

January 17, 2025

Press Room

How much snow are we getting? See the Delaware weather forecast for this weekend

Another weekend, another chance for snow in Delaware and the surrounding region.

Following a dusting of snow for some parts of our area, the weekend forecast for the First State likely will include some snowfall. But how much?

Here’s the latest outlook:

How much snow are we getting?

A storm could drop anywhere from a dusting to 4 inches of snow in Delaware from Sunday afternoon through Sunday evening.

Between 3 and 4 inches could fall in most of New Castle County with the southern portion currently projected to get 2 to 3 inches, according to the National Weather Service in Mount Holly, New Jersey.

Meanwhile, most of Kent County and the northern portion of Sussex County could see 1 to 2 inches with the Delaware beaches likely to get less than an inch, the weather service said.

As of Friday morning, here is the probability of 2 inches of snow in Delaware:

Wilmington: 68%
Dover: 41%
Bethany Beach: 2%

During the storm, snowfall rates could exceed 1 inch per hour near and northwest of the I-95 corridor, they said.

Will it snow for the Eagles game?

The Philadelphia Eagles are set to take on the Los Angeles Rams in a divisional-round playoff matchup at 3 p.m. at Lincoln Financial Field in Philadelphia. If the weather forecast holds, this will mean snow is likely to fall throughout the game, giving the Eagles a decisive weather advantage over the West Coast team.

Dangerously cold temps coming

Following the snow, temperatures will likely fall below freezing Sunday night and remain below freezing until at least Friday, according to the weather service. The coldest period will be Monday night through Thursday morning.

Throughout the week, high temperatures will be in the teens with lows in the single digits to below zero.

Night-time wind chills are projected to be below zero and recover into the single digits only during the daytime, the weather service said.

Here is the estimated minimum wind chills for next week:

Wilmington: minus 8 degrees
Dover: minus 9 degrees
Bethany Beach: minus 6 degrees

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Delaware

Delaware Lottery Play 3 Day, Play 3 Night winning numbers for Jan. 16, 2025

Published

14 hours ago

January 17, 2025

Press Room

Delaware Lottery Play 3 Day, Play 3 Night winning numbers for Jan. 16, 2025

The Delaware Lottery offers several draw games for those aiming to win big. Here’s a look at Thursday, Jan. 16, 2025 results for each game:

Winning Play 3 numbers from Jan. 16 drawing

Day: 8-9-2

Night: 4-7-5

Check Play 3 payouts and previous drawings here.

Winning Play 4 numbers from Jan. 16 drawing

Day: 3-5-9-6

Night: 7-6-3-1

Check Play 4 payouts and previous drawings here.

Winning Multi-Win Lotto numbers from Jan. 16 drawing

02-18-22-24-31-32

Check Multi-Win Lotto payouts and previous drawings here.

Winning Lucky For Life numbers from Jan. 16 drawing

13-20-29-32-37, Lucky Ball: 06

Check Lucky For Life payouts and previous drawings here.

Winning Play 5 numbers from Jan. 16 drawing

Day: 6-0-0-3-1

Night: 8-7-8-1-6

Check Play 5 payouts and previous drawings here.

Feeling lucky? Explore the latest lottery news & results

Are you a winner? Here’s how to claim your lottery prize

Sign the Ticket: Establish legal ownership by signing the back of your ticket with an ink pen.
Prizes up to $599: Claim at any Delaware Lottery Retailer, in person at the Delaware Lottery Office, or mail your signed ticket and claim form; print your name/address on the ticket’s back and keep a copy/photo for records. By mail, send original tickets and documentation to: Delaware Lottery, 1575 McKee Road, Suite 102, Dover, DE 19904.
Prizes up to $2,500: Claim in person at Delaware Lottery Retailer Claim Centers throughout Kent, Sussex and New Castle Counties.
Prizes of $5,001 or more: Claim in person at the Delaware Lottery Office (business days 8 a.m. to 4 p.m.) with a photo ID and Social Security card.
For all prize claims, directions to the Delaware Lottery Office are available online or via mapquest.com for a map.

Check previous winning numbers and payouts at Delaware Lottery.

Can I claim a jackpot prize anonymously in Delaware?

Fortunately for First State residents, the Delaware Lottery allows winners remain anonymous. Unlike many other states that require a prize be over a certain jackpot, Delawareans can remain anonymous no matter how much, or how little, they win.

How long do I have to claim my prize in Delaware?

Tickets are valid for up to one year past the drawing date for drawing game prizes or within one year of the announced end of sales for Instant Games, according to delottery.com.

When are the Delaware Lottery drawings held?

Powerball: 10:59 p.m. Monday, Wednesday, and Saturday.
Mega Millions: 11:00 p.m. on Tuesday and Friday.
Play 3, 4: Daily at 1:58 p.m. and 7:57 p.m., except Sunday afternoon.
Multi-Win Lotto: 7:57 p.m. Monday, Wednesday, and Friday.
Lucky for Life: Daily at 10:38 p.m.
Lotto America: 11:00 p.m. Monday, Wednesday, and Saturday

Missed a draw? Peek at the past week’s winning numbers.

This results page was generated automatically using information from TinBu and a template written and reviewed by a Delaware Online digital operations manager. You can send feedback using this form.

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