Julia Spitz posts a photo of an electronic signboard outside a Marlborough real-estate office that, instead of telling you the time and temperature, tells you how many foreclosed properties they have available.
Weichert seems to be trying to position themselves as the kings of foreclosure. They sure seem to have allot of them in their inventory.
Scores of debt buyers and collection lawyers are DELIBERATELY exploiting borrowers’ predicament to GAIN OWNERSHIP THEMSELVES of properties (sometimes in lieu of payments –in conflict of interest, they welcome litigation so they can add more billable fees).
Unlawful foreclosures enables things like simulated auctions which conveys deeds out of borrowers’ names into the names of feigned foreclosure plaintiffs, and facilitates property “flipping.” Some flips are to Freddie Mac even though foreclosures are completely NULL! Meanwhile, lenders like WELLS FARGO benefit from real estate schemes by filing false IRS (“acquisition”) form 1099-A’s, despite some properties were actually never lawfully “acquired,” due to the fact that fraudulently flipped property occurs by use of either DEFUNCT mortgage lenders or use of lenders’ names which have sold those notes, but no assignments were recorded! See link below for more facts and proof about these schemes –including foreclosure being carried out in civil court via defunct Lehman Brother mortgage as the lender, while at the same time Wells Fargo maintains lawsuit in federal court to demand payment from Allstate Insurance of proceeds for destroyed by Hurricane Katrina. (There are likely hundreds, thousands of such incidences!)
Illegal Foreclosures & Evictions, Appalling Lender / Lawyer Abuses...
Lack of Legal Help: One More Way the Deck Is Stacked Against Homeowners
OPEN LETTER TO PRESIDENT OBAMA on Foreclosure Crisis
Barbara Ann Jackson