John Mayer's Real Estate Blog: The Foreclosure Fraud Crisis Explained in 8 Minutes

The Foreclosure Fraud Crisis Explained in 8 Minutes

If you want a nice 8-minute primer into how the foreclosure fraud crisis works, here’s a video from Florida Rep. Alan Grayson, complete with four real-world examples. There is one set of rules for the banks and another set for the rest of us. I have a closing on a foreclosed property in jeopardy because of this and many people have been unfairly railroaded by the banks and their accomplices. A lot of hard work by Realtors may be undone by this mess and that means no paycheck.

Alan Grayson Explains the Foreclosure Fraud Crisis.

Foreclosure Crisis

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Comment balloon 2 commentsJohn Mayer • October 16 2010 10:01AM


Scary stuff and I'll bet the banks are scrambling to find a way to continue this ruse.

Posted by Paul Lesieur (203kloanmn) over 9 years ago

Paul - Of course! Their shoddy paperwork and bad decisions have come back to bite them in the butt. All homeowners should DEMAND to see the note if foreclosure is threatened.

Posted by John Mayer, Your Beach Area Expert (Oikos Realty, Cape Canaveral, Cocoa Beach Florida) over 9 years ago