Based on my continuing research that shows 87% of properties sold at foreclosure auction go back to the lender, the real question is….
WHO WILL ULTIMATELY TAKE TITLE TO THOSE PROPERTIES?
A related question is,
HOW MUCH IN FEDERAL TAXPAYER DOLLARS DO THE BANKS MAKE FROM TAKING THESE PROPERTIES BACK?
In considering these questions, I want everyone to consider a post I wrote long, long ago…..DAVID J. STERN
Now keep in mind, while little ‘ole foreclosure defense attorneys suffer persecution, investigation and severe consequences for daring to stand up….the big fry continue to walk free….
