Daily Archives: October 13, 2010

Let’s Not Start Lionizing The Anti-Foreclosure Deadbeats – CNBC

 

The folks who perpetrated the fraudulent mortgage documents should be prosecuted and jailed if found guilty.

 

This Demelio woman is just a new breed of scammer. Reckon she graduated from credit card scams and is in the big leagues now. These people, the ones who can be proved to have falsified documents and bought way more house than they could afford, should also be prosecuted and jailed if found guilty.

 

And before anyone says I’m just slamming poor or middleclass folks,I know of a few people who owned homes worth millions, who built multi-million dollar “spec” houses. About the time the bubble burst, I asked him what he was going to do if he couldn’t sell it at the 3.8 million asking price. He matter of factly told me, he’d let the bank have it…just walk away.

 

 

 

 

 

 

 

Let’s Not Start Lionizing The Anti-Foreclosure Deadbeats – CNBC.

 

via Let’s Not Start Lionizing The Anti-Foreclosure Deadbeats – CNBC.