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Hedge Funds Gaming the Auction Process of both Judicial and non Judicial States

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Manage episode 293539908 series 2453550
Indhold leveret af THE NEIL GARFIELD SHOW. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af THE NEIL GARFIELD SHOW eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.
Bill will discuss on the Show today how hedge funds are creating close to auction time last-minute bogus assignments which allow them to submit false credit bids, taking back the properties into "REO" status. Then, they sell same properties to third-parties for profit, to bypass paying back debt. This allows them to get first dibs on imminent foreclosure properties, gaming the auction system. Charles will discuss the latest re the national foreclosure and eviction moratorium, and how the media is downplaying the still cresting tidal wave of foreclosures and evictions, and how market forces in both housing sale and housing and apartment rental markets are being distorted massively.
  continue reading

300 episoder

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iconDel
 
Manage episode 293539908 series 2453550
Indhold leveret af THE NEIL GARFIELD SHOW. Alt podcastindhold inklusive episoder, grafik og podcastbeskrivelser uploades og leveres direkte af THE NEIL GARFIELD SHOW eller deres podcastplatformspartner. Hvis du mener, at nogen bruger dit ophavsretligt beskyttede værk uden din tilladelse, kan du følge processen beskrevet her https://da.player.fm/legal.
Bill will discuss on the Show today how hedge funds are creating close to auction time last-minute bogus assignments which allow them to submit false credit bids, taking back the properties into "REO" status. Then, they sell same properties to third-parties for profit, to bypass paying back debt. This allows them to get first dibs on imminent foreclosure properties, gaming the auction system. Charles will discuss the latest re the national foreclosure and eviction moratorium, and how the media is downplaying the still cresting tidal wave of foreclosures and evictions, and how market forces in both housing sale and housing and apartment rental markets are being distorted massively.
  continue reading

300 episoder

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