by Moe Bedard
The perfect crime is being perpetuated across America and there seems to be no laws or any way to prevent it.
A new scam has been born with the advent of foreclosure boom. Predatory Renting“This is an explosion,” said Judith Liben, a lawyer at the Massachusetts Law Reform Institute. “This isn’t business as usual. These are investors that [...]
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by Moe Bedard
Speaking at a housing forum in Minneapolis today, Robert Steel, the Treasury’s undersecretary for domestic finance said mortgage foreclosure is inevitable for many speculators who made bad bets on the U.S. housing market or buyers who are stretched well beyond their means over the next 18 months.
Steel emphasized that 2 million mortgages will be resetting [...]
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