Wanna Buy a Government-Foreclosed Home? OK. Just Bring $10,000,000.00

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Wanna Buy a Government-Foreclosed Home? OK. Just Bring $10,000,000.00

Wanna Buy a Government-Foreclosed Home? OK. Just Bring $10,000,000.00

Things don’t seem to get any better. Remember Fannie selling foreclosures for $200 A POP? Well now it seems they’re selling what we call it in the Commercial RE world as “REO Tapes” of homes to V.I.P Buyers.

Mark Stopa-

For reasons that should quickly become apparent, this is the most important blog I’ve ever written.  Ever.  I’m so angry that it’s difficult to write coherently, but I’ll do my best. …

I’ve often expressed my disgust at how Fannie Mae and Freddie Mac frequently pay banks 100% of their judgment amounts in foreclosure cases.  It’s an appalling dynamic in foreclosure-world, one where banks often have no incentive to modify mortgages because “our” government will pay the banks in full once the foreclosure is over (and all the banks have to do is convey title to Fannie and Freddie).  Incredibly, just when I thought I couldn’t be any more appalled, somehow, my disgust with this dynamic … with “our” government … reached a new level today.

I have it on good information (directly from someone personally involved) that Fannie and Freddie are selling foreclosed homes in bulk to third-party investors.

[STAY IN MY HOME]

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3 Responses to “Wanna Buy a Government-Foreclosed Home? OK. Just Bring $10,000,000.00”

  1. Tie this all together and you have the perfect crime.

    http://www.youtube.com/watch?v=swkq2E8mswI

    http://stopforeclosurefraud.com/2012/03/12/read-the-smoking-hot-banks-intentionally-and-thoroughly-violated-the-law-complaint-usa-vs-foreclosure-fraud/

    Between all this and Freddie not recieving the loans all should benull and void.
    http://stopforeclosurefraud.com/2012/06/21/freddie-mac-designated-counseltrustee-for-foreclosures-and-bankruptcies-2012/

    http://www.mortgage-mod-monster.com/fannie-mae-freddie-mac-refused-assume-title-deed/

    http://mandelman.ml-implode.com/2011/12/guest-post-welcome-to-freddie-and-fannies-mortgage-shell-game-by-shawn-t-newman-j-d/

    INCLUDING ROB MCKENNA ENABLING THE CRIME.

    lOOK AT THE TWO FACED VIDEOS START THE FIRST AT 40.49 (he claims he going to sue multiple banks, and has only flied on RECONTRUST knowing full well RECONTRUST was pulling out of this state, and Rob McKenna was recieving fourteen thousand in champaign support. Which was exposed so he refunded it about ten months later when exposed.

    I emailed it out to everyone yesterday and posted it on http://www.propertydefensenetwork.com

    http://4closurefraud.org/2011/08/06/exclusive-citizen-warrior-video-of-washington-ag-rob-mckennas-press-conference-aug-5-2010-announcing-lawsuit-against-recontrust-in-washington-v-recontrust/

    https://cloudedtitles.com/news/ look at the bottom chart showing Rob McKenna took fourteen thousand in champaign funds from Crabtree, while ousting RECONTRUST, Crabtree taking over for RECONTRUST forclosing on Washington homes.

    http://www.heraldnet.com/article/20120215/NEWS03/702159806/-1/News article on McKenna returning fourteen thousand to Crabtree after clouded titles and Shelley Erickson exposed him on the web.,.

    Assembly member Weinstein said, “The best way to prevent wrongful foreclosures is with accountability. I’m proud to sponsor Attorney General Schneiderman’s Foreclosure Fraud Prevention Act – it provides a real and necessary deterrent to prevent criminals from unlawfully preying on homeowners. Moving forward, fraud will no longer be tolerated in New York. This bill sends that message loud and clear: if you break the law to take someone’s home, you will go to jail.”

    http://www.loansafe.org/new-york-ag-schneiderman-proposes-legislation-to-protect-new-yorkers-from-foreclosure-fraud

  2. See Rob McKennas champaign funds from Crabtree whom is taking over for RECONTRUST Rob pretends to be suing. This case was probably tossed under the table as well. Find it under Washington State V RECONTRUST filed by Rob McKenna.

    https://cloudedtitles.com/news/

  3. Sharon says:

    I have suspected this for two years and now you have confirmed it. I have some information that I think is very important. If you please email me privately and I will give you the information and explain its significance. This has to be exposed.

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