All That Equity
Wednesday, December 5th, 2012With all the events surrounding the sentencing of False Prophet Ronald Weinland and having a life of my own, I neglected to check on Ron’s property tax payment. Even though dawn was about to break in the great and terrible Day of the Lord, Ron still paid his property taxes this year in a timely fashion, even getting a 2% discount. This even though Christ will again return next year really for sure this time next May, well in advance of when he would be evicted for non payment. Well, it would actually be Laura as Ron will be living the life of ease in Club Fed. It’s interesting to note that Audra is still in the middle of Ron’s financial dealings, having apparently written the check.
When I visited the Boone County administration building in Burlington on the day of Ron’s sentencing, I also found some interesting facts about Ron’s financial dealings. I was able to pull up records of Ron’s financing of his mansion on the golf course.
On February 18, 2005, a mortgage for $300,000 was made on his house. He sold his house in Toledo two months later and may have applied equity from that sale against the mortgage. This mortgage amount was under 80% of the original tax appraisal of $381,000. Being under 80% loan-to-value, the mortgage lender allowed Ron to pay property tax directly to the county instead of requiring him to deposit monthly into an impound fund with the lender.
On October 27, 2010, he refinanced his house for $267,100. Probably he did this to get a lower interest rate, and with a lowered principal. This new mortgage amount is about 75% of the current (lowered) property tax appraisal of $357,000, which may itself be higher than the appraisal used for the financing.
After the Feast of Tabernacles in 2007 and Last Great Day Total Resolve sermon in which he announced stepped-up advertising for his books, Ron and Laura went on their 10-day Total Resolve Mediterranean Cruise. During his first sermon following his return, Ron made the following statements:
- “is it Total Resolve, or 50% resolve”?
- “what we do have the ability to do, we’d better do it… We’d better think about what we can do”
- “We’re trying to get a second mortgage right now. “
- “And now I want to get that money that we put in there , because we put a pretty good chunk in there, for our equity, to have a lower interest rate, a lower payment. So we tossed a whole bunch of equity from another house … we’ve been very blessed over the years.”
After suggesting that seniors get reverse mortgages because they would not be able to pass anything to their grandchildren, he said that he didn’t care about anyone’s attitudes who would point out where he lived and the car he drives (BMW). These statements are in his sermon of October 27, 2007 beginning at around 37 minutes into the sermon recording and continuing on for about 10 minutes. If you can stomach listening to Ron, you can start earlier in the sermon at around 23 minutes where he describes sending in second tithe since there wouldn’t be an organized feast in 2008.
In his first sermon of 2008, he mentioned that Laura was visiting a bank about refinancing their house, and that the Weinlands were determined to get the equity out. {Starting around 53 minutes into the sermon recording for Jan 5, 2008).
So while Ron was suggesting that his members send in their life savings, he and his family were on a spending spree, buying 3 BMWs, going on cruises and vacationing in Hawaii and Las Vegas, and otherwise living an affluent lifestyle above their declared income of $70,800. But they were NOT getting all that equity out of their house.
Total Resolve, huh?


