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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?


To: deeno who wrote (5303)2/8/2011 3:35:56 PM
From: Pogeu Mahone  Read Replies (1) | Respond to of 119362
 
The banks were the perpetrators
Scam artist from time immemorial have been trying to steal
from banks, how did they stop that from happening?

due diligence

For you : youtube.com



To: deeno who wrote (5303)2/9/2011 6:27:24 AM
From: alanrs1 Recommendation  Read Replies (1) | Respond to of 119362
 
market-ticker.org



To: deeno who wrote (5303)2/9/2011 1:10:48 PM
From: Broken_Clock2 Recommendations  Read Replies (1) | Respond to of 119362
 
However putting in jail every criminal that committed fraud on a loan application probably wouldnt sound fair to you. For you, it seems its ok to commit fraud as long as some institution catches you and sends you away. No harm no foul.
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The lenders were instigating the fraud in the vast majority of cases. None have been prosecuted. Not even one.

I doubt 1 out of 50 buyers even today knows what a Truth in Lending statement is or when it is legally supposed to be provided in writing to the buyer...yet lenders were forging buyers' signatures on these extremely important documents as a standard matter of practice.