Wealthy Wife Of Presidential Hopeful Dodges Tax Foreclosure Bullet; Forks Over $8K+ To Settle With San Diego Tax Collector

In San Diego, California, The Associated Press reports:

• Cindy McCain's debts with the county tax collector appear to be settled. Officials said Monday a trust controlled by the multimillionaire wife of Republican presidential hopeful John McCain had initiated payment on $1,743 owed in property taxes on a condominium in the tony La Jolla Shores area. The payment, due in April, was scheduled to default Tuesday.

• "You can reasonably assume that it is paid," San Diego County Treasurer-Tax Collector Dan McAllister said Monday. Additional bills totaling $6,744 for the years 2004 through 2007 were paid by the trust on Friday after Newsweek magazine questioned why the trust had fallen into arrears on the two-bedroom, two-bath oceanfront property, McAllister said.

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• Heiress to a large Arizona beer distributorship, Cindy McCain's worth has been estimated at more than $100 million.

For more, see Cindy McCain settles debt with San Diego tax man.

See also, San Diego Union Tribune: McCain's wife avoids default on property taxes

• [Treasurer-tax collector for San Diego County Dan] McAllister said the McCains just missed the deadline set by the state that allows homes to be sold to pay back taxes. “People have five years to pay taxes in full in order to avoid a tax sale,” McAllister said.