Fox Talk Show Host Sean Hannity Is A Shrewd Real Estate Investor

Why is anyone surprised by Sean Hannity's lack of journalistic ethics

Why is anyone surprised by Sean Hannity's lack of journalistic ethics

The companies came to light in the wake of the revelation that Hannity sought legal guidance from Michael Cohen, the embattled longtime personal lawyer to President Donald Trump. Hannity has acquired hundreds of properties, using shell companies, across the USA over the last decade. In the last 10 years, the companies have spent $90 million on 870 homes in seven USA states. In 2013 he purchased homes at a discount after their previous owners lost them to foreclosure.

Hannity, whose salary from Fox News is estimated by Forbes to be $36 million annually, acknowledged in his statement that he received loans from HUD to invest in properties during President Barack Obama's administration.

Michael Avenatti, the lawyer for adult film actress Stormy Daniels who is now suing President Donald Trump and his lawyer Michael Cohen, said Sunday that Hannity's work with Cohen was likely "far more extensive" than the conservative media personality has let on.

The properties were purchased through holding companies based in Georgia, and the deals were made in part through the HUD mortgage loans even as Hannity sung the praises of the department without disclosing his financial ties. Though the fact that the two men do business together was disclosed on air, a recent op-ed penned by Lako and published on the Hannity show's website had no such disclaimer.

He insisted that Cohen only briefly consulted on real estate matters. The properties are located in Alabama, Florida, Georgia, New York, North Carolina, Texas, and Vermont.

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The Fox News host denied having any involvement with HUD. However, the Guardian reports that the maximum loan amount that can be insured through the program was increased under Trump's HUD secretary, Ben Carson.

"I have never discussed with anybody at HUD the original loans that were obtained in the Obama years, nor the subsequent refinance of such loans, as they are a private matter. I can say that every rigorous process and strict standard of improvement requirements were followed; all were met, fulfilled and inspected", he said.

Christopher Reeves, Hannity's real estate lawyer, told CNN he likes to keep his financial issues private.

He was presumably referring to the Washington Post report this week looking into not just the relationship between the President and the Fox News host, but "the frequency of Hannity's contact with Trump".

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