Thelma Drake Profits from Home Foreclosures

The Hill today reports further proof that Rep. Thelma Drake is completely out of touch with the concerns of her constituents in the 2nd District.

Not only did she vote against Jim Webb’s 21st Century G.I. Bill which provides tuition benefits to men and women in the U.S. military, many of whom live in her district, it turns out she has also been reaping personal financial benefit from Virginia’s falling housing market.

Rep. Drake has made $437,000 from three properties she bought at low prices due to foreclosure and then sold or rented at a profit.

While thousands of Virginians have either lost or are struggling to keep their homes in a down economy, their Representative in Congress has profited significantly from their plight.

As the article states:

Virginia had more than 5,700 homes in foreclosure as of July, which placed it as the state with the 10th-highest foreclosure rate in the country.

With that many foreclosed homes out there, just waiting for someone to swoop down and profit on them, at least we know Thelma will have something to occupy her time when the voters of the 2nd District decide enough is enough and send her home one week from tonight.