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Why are the banks NOT going after the speculators and flippers who walked on loans ????

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Forums » Consumers - Questions, Answers, Help » Foreclosures, Short Sales, etc. » Why are the banks NOT going after the speculators and flippers who walked on loans ????
 

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Latest post Fri, Dec 26 2008 1:23 PM by MisterVA. 5 replies. Viewed 948 times.
Page 1 of 1 (6 items)

  • Fri, Dec 19 2008 1:06 PM                

    • Anonymous

    Why are the banks NOT going after the speculators and flippers who walked on loans ????

  • Thu, Dec 25 2008 10:59 AM                 In reply to

    |Contact

    They are.  Matter of fact, the FBI is transferring hundreds of agents back to white collar crime that were reassigned to terrorism after 9/11. 

    PREMIUM MEMBER
     www.mfi-miami.com
    Florida: 561-317-9978

  • Fri, Dec 26 2008 12:42 PM                 In reply to

    |Contact

    I think the patently dishonest ones are far outnumbered by the just plain dumb-a$$es. A lot of unsophisticated work-a-day folks refinancing their homes using toxic neg-am loans to buy a lot and built a spec house or jerks trying out the get rich quick real estate schemes advertised on late night paid programming. Not to mention those that bought up a bunch of properties for rentals not realizing that rental rates were not going up along the same curve as sales prices or not realizing what the implication was. Lenders and their agents should have been watching out for this.

  • Fri, Dec 26 2008 1:23 PM                 In reply to

    |Contact

    Stephen Ames:
    American terrorists are much easier to find  LOL

     

    one on every corner....

    PREMIUM MEMBER
     Paul Chandler, Certified Mortgage Professional
Page 1 of 1 (6 items) | | Forum Navigator
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