MassGOP Presents: "Flipping Warren" - Senator's Statements On Foreclosures At Odds With Her Record

BOSTON -- As Senator Elizabeth Warren faces fresh scrutiny over her record of flipping houses for profit, the MassGOP presents "Flipping Warren" - a look at how the the Senator's statements on the practice don't match her record.

FLIP #1: Warren Changes Her Tune On Flipping Houses
 

Warren Lambasted Those Who "Getting Rich By Flipping Houses": "In her 2014 autobiography, Warren wrote of the events that precipitated the financial crisis that 'everyone seemed to have a story about someone they knew who was getting rich by flipping houses.'"(Eliana Johnson and Jillian Kay Melchior, "Elizabeth Warren Bought Foreclosed Homes to Make a Quick Profit," National Review, 5/27/15)

FLIP: Warren Made Over $200,000 Off Of The Practice: "The profits from these flipped homes adds up: Even excluding the property sold by her brother, Warren and her husband have made at least $240,500 flipping homes (before deducting the unknown sum they invested in remodeling)."(Eliana Johnson and Jillian Kay Melchior, "Elizabeth Warren Bought Foreclosed Homes to Make a Quick Profit," National Review, 5/27/15)
 

FLIP #2: Warren Decries Low-Cost Foreclosures, Grabs Huge Profit From Them

 
Warren Decried Foreclosures For "Fetching Low Prices" "In a 2002 book, The Fragile Middle Class, co-authored with Teresa Sullivan and Jay Lawrence Westerbrook, she wrote that foreclosures are 'notorious for fetching low prices.'" 
(Eliana Johnson and Jillian Kay Melchior, "Elizabeth Warren Bought Foreclosed Homes to Make a Quick Profit," National Review, 5/27/15)

FLIPAfter Buying A Senior Citizen's House For A Surprisingly Low Price, Warren Made A Huge Profit. "'[The house] was really, really nice,' says Hickman’s granddaughter, Andrea Martin. That’s part of the reason she’s so surprised her grandmother sold the home in 1993 for a mere $30,000...The home’s new owner: Elizabeth Warren, today a Massachusetts senator who has built a political career on denouncing the sort of banking titans and financial sophisticates who make a buck off the little guy. Five months after purchasing Veo Vessels’ old home, Warren flipped the property, selling it for $115,000 more than she’d paid, according to Oklahoma County Property Assessor records." (Eliana Johnson and Jillian Kay Melchior, "Elizabeth Warren Bought Foreclosed Homes to Make a Quick Profit," National Review, 5/27/15)