NOW we know who is buying as many as 200,000 foreclosures

Categorized | STOP FORECLOSURE FRAUD

NOW we know who is buying as many as 200,000 foreclosures with defective titles

NOW we know who is buying as many as 200,000 foreclosures with defective titles

Recovery? What recovery? Real Estate stabilization? What stabilization?

Perhaps when you’re about to buy $20 billion and as many as 200,000 homes.

Why are they willing to buy when they KNOW FOR A FACT that many of these homes have title defects due to fraudulent documents?

Mark my words… there is trouble on the horizon with these.

Bloomberg-

Steve Schwarzman’s Blackstone Group LP has spent $7.5 billion acquiring 40,000 houses in the past two years to create the largest single-family rental business in the U.S. The private-equity firm is now planning to sell bonds backed by lease payments, the latest step in turning a small business into a mature industry.

Deutsche Bank AG may start marketing almost $500 million of the securities as soon as this week, according to a person with knowledge of the transaction. The debt will include a portion with an investment grade from at least one ratings company, according to two separate people, who asked not to be identified because the deal isn’t public.

[BLOOMBERG]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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