Visclosky, Donnelly home mortgage info made public
By Teresa Auch Schultz firstname.lastname@example.org June 14, 2012 4:26PM
Updated: July 16, 2012 6:30AM
U.S. Rep. Peter Visclosky owes between $15,000 to $50,000 on his Merrillville home, according to his most recent personal finance disclosure.
This was the first time that federal legislators had to list the mortgages on their personal homes, along with which company held the mortgage.
Visclosky, D-Merrillville, could not be reached for comment.
The mortgage on his Merrillville house, which is held by People’s Bank, is the only mortgage that Visclosky listed on his disclosure forms. He has had the mortgage since 1987.
Of the six Indiana congressmen whose 2012 forms were available online as of Thursday, he and U.S. Rep. Joe Donnelly, D-Granger, were the only ones with just one mortgage. Donnelly listed a mortgage between $250,000 to $500,000 on his Michigan City home.
U.S. Rep. Todd Rokita, R-Indianapolis, listed four mortgages for properties he owns in Indiana, and U.S. Rep. Mike Pence, R-Columbus, who is running for governor, listed two mortgages on each of his Indiana and Virginia homes, ranging anywhere from $15,000 to $500,000.
U.S. Rep. Larry Bucshon, R-Newburgh, claimed the highest mortgage, saying he owes between $500,000 to $1 million on his Newburgh home. He also has a mortgage on a property in Washington, D.C.
According to the rest of Visclosky’s disclosure form, his largest assets are two checking accounts valued between $200,000 to $500,000, two IRA accounts valued in the same range and stock in Pepsico, which is valued between $100,000 to $250,000.