This is a topic that definitely needs to be addressed because it may well become the one thing that causes the rest of the economy to collapse.
What do you think will happen to the remaining real estate companies, when they won't be able to sell houses (especially the homes that are in the foreclosure process), because the banks have been foreclosing homes, which the home owner had already payed off? With that said, I am thinking that the real estate business won't be sustainable, while this foreclosure fraud is being investigated, by way of, freezing foreclosures.
The main reason that this mess is going on so strongly now, is because the banks sold most of these mortgages to foreign investors, who are now becoming more aware of what had really been sold to them, which turned out to be very fraudulent, and probably not collectible.
The videos I have chosen for you to view are very eye opening, and should help to give you a better understanding, as to what is starting to unfold, right before our very eyes.
I was not able to embed the second video to my page. You will need to click on this link so that you can view it. I guarantee that it will be worth you time.
http://www.theglobeandmail.com/report-on-business/video/how-foreclosure-gate-will-affect-us-housing/article1754758/
Do you know, who or what institution, owns your mortgage?
If you are interested in learning more about Foreclosure Gate, click on this link.
http://theeconomiccollapseblog.com/archives/foreclosuregate
No comments:
Post a Comment