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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
Innhold levert av THE NEIL GARFIELD SHOW. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av THE NEIL GARFIELD SHOW eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.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
Innhold levert av THE NEIL GARFIELD SHOW. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av THE NEIL GARFIELD SHOW eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.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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