Foreclosures - Swindlers Exploit Foreclosure Listings
Tuesday, April 21st, 2009 to earn money from renters looking for cheaper rentals. These swindlers have studied the foreclosure system and have looked for ways to exploit the system. In Ellis County in Texas, law enforcer Mike Jones discovered one illegal renter when he passed by a large house with overgrown weeds, but with curtains and a Ford car parked in the driveway.
Source: www.foreclosurelistingsnationwide.com
Swindlers in Foreclosure Listings Not Punished
Despite the rising number of cons and scammers victimizing homeowners distressed by foreclosure listings, 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.
Source: www.foreclosurelistingsnationwide.com
Relief Plan to Stem Foreclosed, Cheap Houses for Sale
Hopes are pinned on the foreclosure prevention plan of President Barack Obama to help reduce the number of foreclosed, cheap houses for sale which is being blamed for the abysmal performance of the housing market for the past two years now.
Source: www.foreclosurelistingsnationwide.com