I am sure you remember when the housing bubble burst, and a lot of the mortgage papers that banks sold to investors turned out to not be worth the paper they were printed on, and the subsequent recession? There were all kinds of reports about how Flippers would form little clubs and buy properties, which they got… Continue reading They call them Flippers, Flippers Kings of the loan fraud..
Tag: Mortgage loan
Honest Banks are as hard to find as a Sasquatch.
In the last couple of years, since the financial crash of 2008, I keep coming to the conclusion that, yes it was the bankers. Sure the Flippers were making money by inflating the value of property, so they could resell it at the inflated prices. Sure there were appraisers who verified that the inflated prices were normal… Continue reading Honest Banks are as hard to find as a Sasquatch.
That Joe Guy 