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True or not?

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Post  WHL Wed Feb 27, 2013 10:14 am

It took some thinking!!







What a racket. This is why the country is going to hell in a hand basket. (Not WHL's words)


YOU SHOULD BE SITTING DOWN WHILE READING THIS:

As a Realtor for the past 28 years I thought I’d seen or heard it all… Until now.

I was showing homes in Pontiac, MI. one afternoon recently and showed up at a home at the 4:00 pm time my appointment was scheduled for. After I woke up the homeowner, she let us in and then proceeded to tell my buyers and me that she has already entered into a contract to sell the home on a short-sale. (A short-sale is a sale where the banks accept less money than is owed on the home). After some chit-chat, she proceeded to tell us that she and her sister (who also lived in the area) were buying each other’s homes via the short-sale process. I mentioned to her that I thought relatives could not be involved in those transactions. She smiled and said "We have two different last names so no one knows the difference".

She went on to tell us that each of them owed over 100K on their homes and were in the process of buying each other’s homes for about 10-15K cash. To top it off, they were each receiving $3,000.00 in government provided relocation assistance at the closing.

My buyers and I were amazed that she was outright admitting to fraud and yet, she continued. She began to tell us that the best part of her scheme was that because they currently were not working that they (both) are now receiving Section 8 Vouchers. I said I thought those were for renters and she said “That’s the best part; me and my sister are going to be renting each other’s homes so we don’t even have to move, and Obama is going to give us each $800.00 a month to pay the rent!”

So here is the bottom line… Both of these scammers got at least $80,000.00 in debt forgiven, $3,000.00 in cash for relocation (when in fact they did not relocate) and to boot, you and I will now be paying (through our taxes) $1,600.00 in rent for each them each and every month.... perhaps forever!


These women went from working and paying about $900.00 each in mortgage payments to staying home and getting paid $800.00 each per month to live in the same home they had been living in and all they had to do was lie on a few papers. This craziness has to stop! I’m sure this kind of fraud is going on each and every day all across the country and no one wants to touch the subject of entitlements because they might OFFEND someone or lose a vote or two.

By the way... she had an almost new SUV in the driveway, three flat screen TV's and a very nice computer set up in her living room which was furnished entirely with nice leather furniture.

I'TS THE NEW ' AMERICAN WAY '.....


Here is a link to some of the government assistance programs available today:
http://www.usa.gov/Citizen/Topics/Benefits.shtml#Homes_and_Housing_Assistance






WHL
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True or not? Empty Re: True or not?

Post  News Hawk Wed Feb 27, 2013 2:00 pm

I'll have to take a photo of our local Habitat for Humanity compound.

pale

________________________________


A neighbor told me he'd rebuilt a house that fire had destroyed, but later, the RE market back then wouldn't support his asking price. He was advised to let the FHA handle it—so he did.

The $15,000 down payment to him was in cash, but "short" several thousand: he accepted it anyway, down—as he was. His cash flow turned out to be immense! He told me he didn't understand how the Government could be so generous with Other People's Money, and cuts should be made in such "entitlements".

He's an Obama voter!

True or not? Facepalm

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