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Dec 9, 2025
Trump's Own Mortgages Match His Description of Mortgage Fraud, Records Reveal - The Moderate Voice
The Moderate Voice
For months, the Trump administration has been accusing its political enemies of mortgage fraud for claiming more than one primary residence.
President Donald Trump branded one foe who did so "deceitful and potentially criminal." He called another "CROOKED" on Truth Social and pushed the attorney general to take action.
But years earlier, Trump did the very thing he's accusing his enemies of, records show.
In 1993, Trump signed a mortgage for a "Bermuda style" home in Palm Beach, Florida, pledging that it would be his principal residence. Just seven weeks later, he got another mortgage for a seven-bedroom, marble-floored neighboring property, attesting that it too would be his principal residence.
In reality, Trump, then a New Yorker, does not appear to have ever lived in either home, let alone used them as a principal residence. Instead, the two houses, which are next to his historic Mar-a-Lago estate, were used as investment properties and rented out, according to contemporaneous news accounts and an interview with his longtime real estate agent -- exactly the sort of scenario his administration has pointed to as evidence of fraud.
At the time of the purchases, Trump's local real estate agent told the Miami Herald that the businessman had "hired an expensive New York design firm" to "dress them up to the nines and lease them out annually." In an interview, Shirley Wyner, the late real estate agent's wife and business partner who was herself later the rental agent for the two properties, told ProPublica: "They were rentals from the beginning." Wyner, who has worked with the Trump family for years, added: "President Trump never lived there."
Mortgage law experts who reviewed the records for ProPublica were struck by the irony of Trump's dual mortgages. They said claiming primary residences on different mortgages at the same time, as Trump did, is often legal and rarely prosecuted. But Trump's two loans, they said, exceed the low bar the Trump administration its