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September 6, 2012

Renters and Owners: Beware of Craig's List

5 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

The marketplace is filled with “listings” on Craig’s List for rental of properties at prices that are too good to be true. The scammers are posing as local property owners who actually are out of town. They change the locks, enter the house, and prepare it for sale or rent. The owner comes back and …

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NY Times: Still No Justice for Mortgage Abuses

11 Comments / bubble, CDO, Corruption, currency, Eviction, foreclosure, GTC | Honor, Investor, Mortgage, securities fraud / By

Editor’s Note: The only thing I differ upon is that if the mortgages are finally recognized as unperfected liens based upon invalid notes for which the payee provided no funding, then the debt is not forgiven, it is paid in many cases by insurance, credit default swaps and Federal bailouts. Wiping out the debt for …

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