Wall Street has become America's landlord

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Wall Street has become America’s landlord

Wall Street has become America’s landlord

Bloomberg-

On a rainy night in November, Mark Futral, wearing a red hooded sweatshirt, approached a white ranch house in Flowery Branch, a northeastern suburb of Atlanta, crowbar in hand.

He adjusted a headlamp and slid his fingers under a front window to lift it open. His dog Bella, a 40-pound Rhodesian Ridgeback mix, barreled through and Futral followed, squeezing into an empty room with tan carpet peeling from the floor. It was the sixth home he’d broken into that day.

Though he’s occasionally mistaken for a thief, Futral, 37, is working for Blackstone Group LP (BX), one of the world’s most sophisticated investors. For the past 18 months, he’s picked locks, shimmied under garage doors and crawled through windows to get into foreclosed homes the company has bought.

[BLOOMBERG]

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3 Responses to “Wall Street has become America’s landlord”

  1. Sarah says:

    ‘Pottersvilles’ backed by the Police State – there goes the neighborhood (and the country).

  2. When the foreclosure task force testifies there is no paperwork to foreclose on 90 percent of the mortgages, All these homes apparently have to be stolen by fraud documents. With most of the homes securitized and taken without the investors filing the foreclosure, this is apparent securities fraud, and stolen homes with void notes. He is apparently breaking into and trespassing on private stolen property. http://deadlyclear.wordpress.com/2013/10/07/state-ags-settle-with-lps-for-113-million-only-nobody-knew/

  3. With the banks own picked number expected to be extremely low, due to being bank picked, admitting thirty percent of the homes foreclosed were not in default, this man appears to be trespassing
    http://stopforeclosurefraud.com/2012/03/12/read-the-smoking-hot-banks-intentionally-and-thoroughly-violated-the-law-complaint-usa-vs-foreclosure-fraud/

    http://rlassociateslaw.com/archives/395 Promontory Deloitte and Rust, independent foreclosure review and payments are all a scam.

    And a document from the OCC stating thirty percent of the homes forclosed on were not in default but stolen by the banks.http://stopforeclosurefraud.com/2013/04/09/foreclosure-settlement-a-nationwide-crime-scene-all-in-w-chris-hayes/

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