https://4closurefraud.org/2016/06/04/h-r-5108-alan-grayson-introduces-the-zombie-property-relief-act-of-2016/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Sat, 04 Jun 2016 15:40:07 +0000 hourly 1 https://wordpress.org/?v=7.0.2 https://4closurefraud.org/2016/06/04/h-r-5108-alan-grayson-introduces-the-zombie-property-relief-act-of-2016/#comment-658329 Sat, 04 Jun 2016 15:40:07 +0000 https://4closurefraud.org/?p=63365#comment-658329 Might work if not abused. What I see, as an appraiser, that isn’t really generally recognized by the public in general is big banking handing off multiparcels to investors often in the millions in multi-parcel purchases, pennies on the dollar without going through individual marketed sales. These are being sold world-wide, much as the ‘paper’ was sold in the past. Now it is the actual property.. Most of these are habitable and can be renovated for the rental market that is burgeoning in places like Memphis. Wells Fargo was sued for targeting the poor, African American population with Alt-A and ARMs here. With our non-judicial foreclosure law, these people lost their homes after the money from their equity was stolen by so called renovators.. Heavy dealing in predatory loans stealing equity from uneducated individuals who owned homes that needed repair. Their homes were stolen using these predatory high interest ARMs by renovators who did a little slipshod work and stole ‘Mama’s’ equity in the family home.
Much like the story featured recently. .The city is in the business of tearing down the really derelict housing that was foreclosed. AGAIN with taxpayer money! .

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