Protesters against Lender and Tax Foreclosures Auctions »
Posted By altnrg 9 months, 2 weeks ago in NewsThe Bail Out the People Movement staged a rally against an auction by Real Estate Disposition Corp. of foreclosed homes and possibly tax foreclosure properties in Manhattan.
Read Full Story at realestateproarticles.com »
281 Views Share Story 2 Comments Report
Submitted By:
altnrg
Thank you for visiting my profile.
I run two topic-focused article publishing sites:
Alternative Energy Base - For renewable energy related articles.
Real Estate Pro Articles ...
Who Also Submitted: All »
Other Related Articles: All »
RSS Join the Discussion
+ Add CommentComments So Far: 2 (view all)
-
100%
DoseASpinoza9 months, 2 weeks ago
This comment is below the standard viewing threshold View It »
Spare me. REDC auction brochures state whether or not each property is occupied; you can choose to bid only on vacant properties, which most of them are.
Reply
REDC is not a lender, it's an auction company. It has a right to collect fees for its services. It pays wages.
Protests would be better directed at the banks that are doing the foreclosing. -
100%
Charlson9 months, 2 weeks ago
This comment is below the standard viewing threshold View It »
"They said they are protesting against banks that received billions of bailout funds from the federal government after launching lending schemes that increased their profits but put millions of homebuyers into foreclosures."
Reply
Sounds about right to me. Banks and mortgage companies created the mortgage and financial crisis, didn't take a hit and got bailed out. And on top of that they're thumbing their noses at us and going back to the way as usual that caused this mess we're in.
But the real losers are the homeowners and you and me, the taxpayers.
Add a Comment
Sign In With Your Propeller Account
Please keep your comments relevant to this story.
To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.