QE3 – Pay Attention If You Are in the Real Estate Market | Scoop News
QE3
proves beyond any shadow of a doubt that the extent of the
fraud was as bad as I said it was. You can count up the
bailouts and QE1, QE2, QE3 the numbers speak for themselves.
The fraud was indeed in the many trillions of dollars. It
was intentional. It was a plan.
Now, the $64,000 question
for those whose house is underwater or whose mortgage is in
default is whether or not you still owe on your mortgage.
Certainly, you still do as a legal matter. If the bank has
been paid off, arguably in some cases several times, why not
you? Let’s see if Fannie, Freddie and the big banks are
under orders to quietly pass through a portion of their
largesse to troubled homeowners in amounts sufficient to
unfreeze the market. If you are in a workout situation, you
need to take notice. If enough mortgage write-offs flow
through, the Democrats will quickly amass a lock on the
elections in November.
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