Hannity Says He Didn't Personally Discuss Real Estate Loans With HUD

NICHOLAS KAMM via Getty Images

Fox News host Sean Hannity profited from buying hundreds of homes across the U.S through the help of foreclosures and the US Department of Housing and Urban Development (HUD), the Guardian reported Sunday.

Now, as The Guardian has uncovered, Sean Hannity is the owner of nearly 900 homes worth $90 million.

Records show that Hannity used multiple LLCs to build a real estate portfolio with at least 877 residential units that he bought for a total of almost $89 million, the Guardian reported.

Last week, Fox News said it was standing behind Hannity, while admitting it was "surprised to hear of his link to Cohen".

Dozens of the properties were bought at a discount in 2013, after banks foreclosed on their previous owners for defaulting on mortgages. They were recently increased by $5 million with renewed support from the Trump administration.

"I doubt you would find it very surprising that most people prefer to keep their legal and personal financial issues private", Reeve told the newspaper.

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"I don't know that there's anything nefarious that went on between Mr. Hannity and Mr. Cohen, or that there was any NDA-type involvement or anything of that nature".

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 Guardian noted that Carson was not personally involved in any of Hannity's dealings but that the HUD secretary has the power to allow Hannity to convert rental complexes into sellable condos. Hannity is the hidden owner behind some of the shell companies and his attorney did not dispute that he owns all of them.

Last week, it was revealed in federal court that Hannity is a client of President Donald Trump's personal lawyer Michael Cohen - something he never disclosed on his Fox program as he blasted an FBI raid on Cohen's home and office. Hannity, who criticized Obama for the rate of foreclosures, said in 2016 there were "millions more Americans suffering under the president", but seems to have made the most of those foreclosures himself.

He insisted that Cohen only briefly consulted on real estate matters.

Perhaps that's why Fox News is now acting as Hannity's PR agent. Visit MarketWatch.com for more information on this news.

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