This is information I came across. Many are wondering about Obama and his dealings; well, here are some facts.
Rezko’s Lawyer Owns Obama’s House
This is another scandal that just keeps growing. When it first became known that Rezko helped Obama buy his house, Obama himself called the deal “boneheaded.” Now things look much worse because Rezko’s lawyer owns the house. His name is William Miceli and Obama formerly worked for him.
Why would Rezko’s lawyer own Obama’s house? There are several explanations and none look good. Obama tried to buy the house because Michelle wanted it. “According to My DD: Direct Democracy, in 2004, Barack’s wife, Michelle, was on the board of the Commission of Chicago Landmarks and in this capacity, learned of a designated historical home in Kenwood that was for sale—the home and the adjacent land at 5046 South Greenwood.”
But the sellers were asking more than the market value. They also insisted on selling the adjacent empty lot at the same time. The house and the two lots together made an attractive package because it became a corner property with a big yard.
The price was too high for Obama, so he went to Rezko for help. Rezko’s plan was to buy the adjacent property on the same day Obama bought the house. Obama would still have to overpay, even for just the house. But once the whole deal was finished, the package would become a reasonably good deal.
Obama (or William Miceli) bought the house, and Rezko’s wife bought the adjoining lot. Then Obama got a strip of the lot from Rezko’s wife for about $100,000. This did two things. It expanded the house lot, which increased the house value. The picture shows a new fence that Obama had built along the new property line. It also made the adjacent lot so narrow, it’s unlikely anyone who bought it could make money building something on it. They might not even be able to get a building permit. So essentially the deal gave Obama a house and the use of two lots. Michelle had the house she wanted, and the Obama’s had a house that looked “Senatorial.”
