Bait And Switch | FORECLOSURE FRAUD | by DinSFLA

Tag Archive | "bait and switch"

Are Realtor Class Actions Against Servicers Next On The List?

Are Realtor Class Actions Against Servicers Next On The List?


“Even the processor at the lender – Flagstar Bank – she thought, ‘Hey, you got an offer full price, we’ll get the foreclosure stopped; we’ll make it go away; we’ll have a sale.’ She calls me back and says, ‘sorry.’”

Realtor, home seller baffled when bank rejects its own offer

By Dan Tilkin KATU News and KATU.com Staff

Story Published: Feb 5, 2011 at 12:57 AM PST Story Updated: Feb 5, 2011 at 1:21 AM PST

VANCOUVER, Wash. – Stacy Baker fought for two years to sell her father’s house and to keep it from being auctioned off, but lost the fight even after her real estate agent said an offer was made to the bank that met its own conditions.

Baker’s father was 61 when he succumbed to complications from a heart transplant, and she said her father probably realized “it was the wrong decision after he bought it.”

Baker’s real estate agent, Aaron Signor, first tried to sell the house for about what was owed, but at $179,000 it didn’t sell. Over the following months, they lowered the price and got an offer at $134,000.

But Flagstar Bank, which services the mortgage on the house, rejected the offer, saying the house was worth $150,000.

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Posted in STOP FORECLOSURE FRAUDComments (0)

Homebuyer tax credit: 950,000 must repay

Homebuyer tax credit: 950,000 must repay


LMFAO!! Yet Another Bomb! Thank you for the rise in Real Estate sales…How do you say “bait and switch”! Were these disclosure properly made?

Can’t wait to see the outcome of these sub-prime mortgages when most of the 950K were counting on this!


Les Christie, staff writer, On Thursday September 9, 2010, 2:40 pm EDT

Nearly half of all Americans who claimed the first-time homebuyer tax credit on their 2009 tax returns will have to repay the government.

According to a report from the Inspector General for Tax Administration, released to the public Thursday, about 950,000 of the nearly 1.8 million Americans who claimed the tax credit on their 2009 tax returns will have to return the money.

The confusion comes because homebuyers were eligible for two different credits, depending on when their homes were purchased.

Those who bought properties during 2008 were to deduct, dollar for dollar, up to 10% of the home’s purchase price or $7,500, whichever was less. The catch: The money was a no-interest loan that had to be repaid within 15 years.

Had they waited to buy until 2009, they could have gotten a much sweeter deal. Congress extended the credit and made it a refund rather than a loan.

Continue Reading…YAHOO

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Posted in Bank Owned, breach of contract, conflict of interest, FHA, foreclosure, foreclosures, mortgage, note, Real EstateComments (0)

Shitty Shitty Bank Bank – A Financial Collapse Parody

Shitty Shitty Bank Bank – A Financial Collapse Parody


“Shitty Shitty Bank Bank” – A Financial Collapse Parody From [STANION STUDIOS] Bait and Switch TV: Investigative Satire (Episode/Show 2) GREAT BALLS OF FIRE – THE FEDERAL RESERVE & BANKING IN AMERICA www.baitandswitchtv.com A new internet TV channel about CONTROVERSY

© 2010-15 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Posted in concealment, conspiracy, corruptionComments (0)


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