James S. Graner

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It Appears to be Difficult to Prosecute Those Who Have Hurt the Real Estate Industry.

I read story after story of banks and mortgage companies taking hard losses with excessive mortgage foreclosures. Many reports state that most of the foreclosured homes were not owner occupied, they were some sort of investment properties.

Such persons who borrowed money while knowing they really could not make payments after ARM's reset, I have little simpathy for. I do have simpathy for owner occupant victims, however these investors should have understand their risk and have hurt the entire country by causing investors to tighten their belts.

We punished Enron executives. If current laws are not strong enough to punish credit fraud on for Real Estate Investors, we need them. I own my home and four investment properties.

 

 

Comment balloon 0 commentsJames Graner • June 06 2008 11:44AM
It Appears to be Difficult to Prosecute Those Who Have Hurt the Real…
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I read story after story of banks and mortgage companies taking hard losses with excessive mortgage foreclosures. Many reports state that most of the foreclosured homes were not owner occupied, they were some sort of investment properties. … more
Just Enjoying The Holiday Weekend!
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It is Memorial Day weekend. Just enjoying the family. Going to pick up some charcoal and chicken quarters. Back to work on Tuesday. Happy to see many homes sell here in the past couple months. This year it appears that the accumulated… more