Washington DC-- The housing crisis claimed its most famous victim today; the White House is in foreclosure. The national landmark has been home to presidents since John Adams. No one ever thought to pay the mortgage. Finance charges and delinquent payments have pushed the price tag to $5.5 quadrillion dollars. No payments have been made since the British burned the building in 1814.
White House historians agree Dolly Madison was the last person to make any payments. The deed was lost in the confusion of the fire, no one even thought about the debt until the current housing meltdown.
Real estate agents appraised the building at $4 million. The late fees kept accruing for almost two centuries and raised it to the present lofty price. Ironically, the deed is held by the British Royal Family.
President Bush was informed of the problem when he saw the sheriff's notice on the White House front door. He plans to live at his ranch in Texas for the remainder of his term.
The White House is also seriously behind on its electric bill too. It could be shut off for non-payment. No one has paid a cent since for electricity since Lady Bird Johnson. The outstanding electric bill is $900 billion.
