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There are lots of reports circulating that President Obama is in escrow to buy a house in the exclusive Rancho Mirage gated community which the likes of Frank Sinatra and Bob Hope called home — NOT TRUE. The house in question is listed at $4.25 million and escrow is supposed to close at the end of the month. Source however say, he and Michelle have never even seen the house and have definitely not made an offer adding that the Obamas will NOT live in the desert when his presidency ends.



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