Mortgage Fraud - It Affects All of Us

EXCELLENT INSIGHT:
THANK YOU BRETT,
ONE OF THE MOST IMPORTANT REAL ESTATE INFORMATION BUT WITH THE LEAST COMMENTS:
PERHAPS A RE-NAME AND DRIVE THIS POINT HOME. WE ALL REALLY NEED TO GET THIS !






;

It is a good article...but why just in the Mortgage business and bank Fraud with investors?

Too many scam and run when the FBI knocks at the door. It is not difficult to make the claim of fraud. Any one can do that, even the FBI. Intent not to seek convictions on false claims. How many fraud convictions are there? Not many. To us, it's a bad investment if you are just an investor that only speculates in the real-estate market. Fraud grows just like a bald mold.. A huge difference in developing bona-fide real-estate relationships, and it's deals. The people that respect the industry and inspire us to invest.

In history: A sad day...September 11, 2008

A 7 year mark. We pray.

In a special moments of financial turbulence when it seems that the "untouchable" capitalism model that have run our lifestyle for decades has been "touched" in the worst place possible witch is in the heart of the financial structure. But first of all, has someone asked himself why have the capitalism society has crashed like the biggest airplane in the world that is running in the lane at 190 mph ready to fly and when it arrives at point with no return and starts to fly, suddenly it falls down and crash?, a big disaster and a lot people injured or death, after a disaster of this size, half of the world is afraid to take a plane next day, psychosis all over, real panic, if we add that in the following days tree more airplane crashed too under the same circumstances, than the panic is even higher, the companies are loosing customers afraid to fly and they start to loose money, value and start to cancel all the contracts with the constructors and so the problem is grooving, the questions are, do we have a bad airplanes?, do we have a bad pilots?, or do we have a bad spare parts suppliers that to make money have produced a cheap normal chips that even if they are a insignificant part of the airplane, if this chip fails the pilot can’t see an alarm that the flaps are not running and shows ok in the board computer but the plane will crash, until the experts will find that an insignificant part of the airplane has produced the disaster, it takes time, But once find the problem, airplanes will continue flying.
In my opinion, meanwhile the economy was running, nobody has noticed that something was not running ok, because no alarms showing in the dashboard, but easy to analyze, when in a country people’s earnings are lower than life cost, sooner or later if nobody pays attention that the society is becoming poor year after year, then the problem will be big, when goods and products are increasing prices with a non stop grooving and salary’s still standing then is easy to calculate that as soon as the interest rates goes up only 2 points, then people stop paying their debts and consume is reducing automatically and so the economy starts to fall down, only way to move the economy is reducing prices round 40% witch will give money back to people, the effect is like salary increased 40%, prices and mortgages without control can easily destroy the economy of any country, many products at origin are worth almost nothing, but when they arrive at the supermarket miraculously most of them became as a luxurious goods due its crazy prizes, why governments make rules to control traffic?, because traffic without control will be a mess, in what a economy concerns it has happened exactly the same, prices and mortgages without control, this is a terrible mess that we have today.
Solution: reduce prices as fast as possible to slow them where they must be according the salary, or increase salary according prices, I think the first option is the right one.