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"Fraudclosure" MUST READ!

By
Real Estate Agent with RE/MAX Properties SW, Inc.

Matt Tabbi of Rolling Stone has an expose of the "Fraudclosure" that our nation's largest banks are performing that should raise your blood pressure. If this situation is allowed to continue, then there's no hope for the U.S. It's a long read, but well worth the effort. You owe it to yourself to read this, especially if you're planning on remaining in business as a Realtor. If this situation isn't taken seriously, it could well mean the end of the real estate industry.

Matt makes the point that, despite the average American thinking that the deadbeat homeowners have it coming to them, there is "...a fraud so gigantic that it literally cannot be contemplated by our leaders, for fear of admitting that our entire financial system is corrupted to its core..."

Please pass the link on to as many people as you can. In my opinion, it's vital that everyone know about this problem.

Read the article here.

Comments(4)

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Sylvie Dolley
My Home Group Real Estate LLC - Litchfield Park, AZ
CHMS, ePRO, SFR Phoenix Arizona Real Estate 602-32

Thanks for the info, going to read the article now!

Have a great day!

Nov 11, 2010 11:28 AM
Sylvie Dolley
My Home Group Real Estate LLC - Litchfield Park, AZ
CHMS, ePRO, SFR Phoenix Arizona Real Estate 602-32

Thanks for the info, going to read the article now!

Have a great day!

Nov 11, 2010 11:28 AM
Sylvie Dolley
My Home Group Real Estate LLC - Litchfield Park, AZ
CHMS, ePRO, SFR Phoenix Arizona Real Estate 602-32

Thanks for the info, going to read the article now!

Have a great day!

Nov 11, 2010 11:28 AM
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

I did read that article. 

Clearly, the mandate for the judges is, if the home owner ws in default, the lender can foreclose. 

Nov 11, 2010 11:41 PM