Rate of Mortgage forclosures? Want answers?
Well then, here they are:
1. Collective government (local and federal) is the #1 investors in the majority of the mortgages. Government does so by being the #1 investor with the banks; mortgage institutions; mortgage security fund pools; etc. We are talking a few trillion-dollars in “collective” totals.
2. Since the bubble burst in 2008, the government investment funds have been creating specialty funds with names like: “Residential Real-estate Opportunity Fund” ; “Residential Real-estate Rollover Fund” ; “Commercial Property Opportunity Fund” ; and so on, so on into ad-nauseous. They have used these investment funds to take over residential and commercial property at pennies on the dollar (10c to 40c on the dollar).
Thousands if not hundreds-of-thousands of properties each year since 2008 which they can now sell at 80c on the dollar or lease / rent out to other parties. These specialty investment funds have been “very” profitable, of which creates the LARGEST conflict of interest per the judicial or administrative cooperating with the financial institutions to kick the late pay home owner out of their houses on to the streets. Boils down to nothing other than systematic theft in a symbiotic relationship to perpetuate theft-by-taking.
[ It is kind of like Foxes bringing a chicken rancher to court being that the rancher objected to the Foxes eating chickens from his coop, and the case will be decided by the fox’s extended family (the judges) to determine the only issue to be allowed at the table, with that being: if the rancher is to be fined; jailed; or forfeit his chicken coop to the Foxes. ]
Harold
ACGR's "News with Attitude" 