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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
Konten disediakan oleh THE NEIL GARFIELD SHOW. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh THE NEIL GARFIELD SHOW atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.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

345 episode

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iconBagikan
 
Manage episode 293539908 series 2453550
Konten disediakan oleh THE NEIL GARFIELD SHOW. Semua konten podcast termasuk episode, grafik, dan deskripsi podcast diunggah dan disediakan langsung oleh THE NEIL GARFIELD SHOW atau mitra platform podcast mereka. Jika Anda yakin seseorang menggunakan karya berhak cipta Anda tanpa izin, Anda dapat mengikuti proses yang diuraikan di sini https://id.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

345 episode

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