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ABC News Report: “Should You Buy a Foreclosed Home? (How to Avoid a Lemon).
Video Rating: 4 / 5

Stay Put Produce the note Follow the law Wall Street and its co-conspirators on Main Street had a great plan. Step 1: Ram predatory loans down the market with fraud and deceptive marketing. Step 2: Some of the loans will blow up, but in the aggregate it will all work out and besides, the loans will be bundled and sold off to investors (spreading the toxic waste), so who cares? Great plan, but it had a few problems. Problem #1: It destroyed the world financial system (minor detail) Problem #2 (And he’s where it get VERY interesting…) For a loan to be valid, the lender needs to be able to produce the paperwork. Guess what? In their mad greed to screw the American people and line their own pockets, Wall Street forgot that little detail. Many of these loans and been sliced and diced and sold and re-sold so many times that not only is the paperwork not easy to lay hands on, in some cases, it’s not clear who actually owns the loan. Here’s where property law comes in. If the bank can’t produce the documents and the real owner of the loan can’t be identified, the contract is null and void. You’ve got to hand it to Congresswoman Marcy Kaptur (and Ohio which produces a lot of great Congresspeople.) By telling a bank to “produce the note,” a homeowner can delay foreclosure by forcing the lender to prove the suing institution is actually the same which owns the debt. Now, the banks own sloth and disorganization (and inherent dishonesty) can be used against it. Final word: The media …
Video Rating: 4 / 5

Best answer:

Answer by Janet P
Yes they can, if you check the records you will see that they sold it to themselves when it was auctioned.

Know better? Leave your own answer in the comments!

Foreclosures are on the rise and that’s good news for you as an investor-if you know what you’re doing. Whether you’re looking for a home of your own or an investment property, you’ll get expert advice on how to: Find the best properties-and learn which ones are good investments Negotiate with sellers Avoid costly mistakes Get creative ideas on financing purchases Resell properties for a healthy profit This insider’s guide helps you to avoid common pitfalls, spend your money wi

Rating: (out of 1 reviews)

List Price: $ 14.95

Price: $ 3.27

www.StartHouseHunting.com So many foreclosures in Florida are becoming available for a percentage of the appraised price. Although most foreclosures sell for about 5 below market value, some are as cheap as 30 – 40. Some foreclosures are brand new, and the builders have defaulted. These homes are hard to find, but theyre out there! Learn to make millions with real estate – Tune into our free webinar about foreclosures in Florida free listings at StartHouseHunting.com!

www.StartHouseHunting.com Open yourself up to the buy bank foreclosure opportunities in todays foreclosed homes market.
Video Rating: 0 / 5

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