Main | Friday, February 06, 2015

Schock's Worst Week Gets Worser

From Blue Nation Review:
The month before the 2012 elections, Congressman Schock sold his house to a major Republican donor who was also one of his campaign supporters for a price that appears to far exceed the market value at the time. Ali Bahaj – then a Vice President at Caterpillar – and his wife Gloria have donated more than $45,000 over the last decade to the Caterpillar PAC and various Republican officeholders – including Congressman Schock. In fact, Federal Election Commission records show that Mr. and Mrs. Bahaj each made the maximum allowable donation to Aaron Schock’s campaign in 2008. Congressman Schock on October 16, 2012 sold his home to the Bahajs for $925,000. That’s more than three times the tax assessed value of the property. Zillow estimates that the house was worth approximately $695,000 that month. It’s possible Congressman Schock just got incredibly lucky finding the right buyer to throw him a life raft as homeowners around him were drowning. But it begs the question: Was this transaction more than just luck?
Hit the link for comparisons to other recent home sales on that street. (Tipped by JMG reader TJ)

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