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Foreclosures lead to profits for house flippers

http://www.truth-out.org/opinion/item/41151-foreclosures-lead-to-flippers-profits The United States has entered a new phase of residential foreclosure. The basic narrative is shocking: House-flippers are being allowed to push troubled homeowners out of their houses. As a neighbor of mine said, succinctly, “It’s cheaper for them.” In an ugly way, house flipping is a sweet deal in any area where the […]

via Foreclosures Lead to Flippers’ Profits — Livinglies’s Weblog

That is outrageous that anyone that has a direct pecuniary interest in foreclosing on a homeowner would ever be allowed to become a substitute trustee.  This practice needs to stop now.

 

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