Blagojevich Deeply In Debt: Owes Over $1M In Legal Fees, Mortgage Payments

01/12/2009 05:12 am ET | Updated May 25, 2011

A criminal complaint isn't the only problem Governor Rod Blagojevich and his wife have to deal with. CBS 2's Dorothy Tucker reports their financial future looks as dim as any political future.

According to published reports, when times were good for Governor Blagojevich and his wife, the couple made nearly a million dollars a year. Most of it was from Patti Blagojevich's real estate commissions. As of late, Patti's position as a fundraiser for a social service agency makes her only $80,000 dollar a year. Her salary combined with her husband's yearly salary of $177,000 is just over a quarter of a million dollars. That is not bad for most, but perhaps not good enough for the governor.

Cindy Canary is with a non partisan public advocacy group. She says the governor seems to be in a good deal of personal financial debt.

Blagojevich owes $750,000 in first and second mortgages on his Chicago home, another $150,000 on a Washington condo, and $500,000 in legal fees and if he decides to fight his latest legal problems, Canary says corruption cases can cost millions of dollars.

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