CITIZEN RESEARCHERS: PLEASE HELP WRITE THIS ARTICLE
WHY INVESTORS, HOMEOWNERS AND THE ECONOMY
BENEFIT FROM PRINCIPAL WRITE-DOWNS
Principal write-downs have been condemned as morally hazardous. Failure to include such write-downs may well sink any chances of an economic recovery. To demonstrate the value of write-downs, this research documents the history of homes now on the market due to foreclosure, and the losses to investors from failure to negotiate a meaningful modification.
1. Please limit your research to homes owned by Trusts (look for the words “trustee for” in the name of the plaintiff.)
2. Search official records (or, in Florida, for a much easier search, use findthefraud.com) and search document type “Jud” (Judgments).
3. Find the amount of the judgment.
4. Be sure to include the county, CFN or Book and Page Number for easy verification.
5. The actual street address almost always follows the legal description of the property.
6. Final step: enter the address of the property on Google. If the property is on the market, a listing will almost always appear from the street address.
7. Please send your research to: email@example.com for compilation.
8. Please include your name if you would like to be listed in the authors section of this article.
106 Devonshire Circle
Royal Palm Beach, FL
Sold for $510,772 on April 15, 2005
Final Judgment of Foreclosure Entered for $537,415 on 12/29/2010
Palm Beach County CFN: 20110000161 in favor of Deutsche Bank National Trust Co., Trustee for IMH Asset-Backed Bonds, Series 2005-5
Now Empty and on the Market for $229,900
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