Mortgage fraud is increasingly seeping into the political arena, affecting lawmakers and officials on both sides of the aisle, with the latest accusations coming against GOP Texas Attorney General Ken Paxton.
Paxton and his wife, Angela, have three Texas homes marked as their primary residence in mortgage documents, the Associated Press reported. This unlawful move ensures lower interest rates, saving the couple significant money over their loan term.
The Paxtons also collected homestead property tax breaks on two of their homes. One property is located outside Dallas, and the other two are in Austin.
Federal and state law forbid false statements in mortgage papers and prohibit homeowners from listing multiple properties as a primary residence.
FILE – Suspended Texas state Attorney General Ken Paxton, center, sits
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