Obama Pastor Gets $1 Million Retirement Home From Church
Controversial pastor Reverend Jeremiah Wright is getting a luxurious retirement home. The Tinley Park Southtown Star reports that Barack Obama's former pastor will have a four-bedroom home in Tinley Park, Illinois, a southern Chicago suburb. Wright's home, which is being paid for by his church, the Trinity United Church of Christ, will include an elevator, butler's pantry, exercise room, a master bedroom with a whirlpool and a spare room for a future theater or swimming pool. The mansion is estimated to cost $1 million.
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Read the original article from the Tinley Park Southtown Star, which adds that the pastor's home also has a large family rom with a fireplace and bar, a circular driveway, a four-car garage, and a customized shower, according to building plans.
Additionally, Fox News reports that:
According to documents obtained from the Cook County Register of Deeds, Wright purchased two empty lots in Tinley Park, Ill., from Chicago restaurant chain owner Kenny Lewis for $345,000 in 2004.
Documents show Wright sold the property to his church, Trinity United, in December 2006, with the proceeds going to a living trust shared with his wife, Ramah.
The sale price for the land was just under $308,000, about $40,000 less than Wright's original purchase two years earlier.
Public records of the sale show Trinity initially obtained a $10 million bank loan to purchase the property and build a new house on the land.
But further investigation with tax and real estate attorneys showed that the church had actually secured a $1.6 million mortgage for the home purchase, and attached a $10 million line of credit, for reasons unspecified in the paperwork.