Short sale - Swindlers in Foreclosure Listings Not Punished
, most prosecutors are still filing only civil actions against them. Civil actions only aim to recover victims’ losses; they do not put fraud perpetrators in jail.
North Carolina’s attorney general Roy Cooper said it is difficult for his office to launch investigations on misdemeanors. Only a few states have attorney general offices that are able to launch efforts to file criminal charges and seek jail time for swindlers focusing on foreclosure listings. foreclosure listings
In Florida’s Cape Coral area, real estate broker Marc Joseph has been holding boat tours to show foreclosed homes to potential homebuyers and investors. The city, located in Lee County, has more than 400 miles of passable waterways and has longer canals than any other city in the world. foreclosure listings
New-Home Sales, Prices Decline Wall Street Journal New-home sales fell in March but only mildly after a surge the month before, while the median price kept sliding, a sign the housing crisis hasn’t ended. Sales of single-family homes decreased by…(read more) foreclosure listings
Tags: Boat Tours, Canals, Cape Coral, Civil Actions, Criminal Charges, Foreclosure Listings, Foreclosure Sales, Fraud Perpetrators, Homebuyers, Jail North, Jail Time, Lee County, Marc Joseph, Median Price, Misdemeanors, Real Estate Broker, Roy Cooper, Swindlers, Wall Street Journal, Waterways