tag:blogger.com,1999:blog-5060417.post6743989407796728460..comments2023-11-05T06:18:25.377-06:00Comments on The Privatopia Papers: Foreclosure Fraud: First Criminal Charges Filed In Nevada Over Robo-SigningEvan McKenziehttp://www.blogger.com/profile/04479661304143631524noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5060417.post-8975837693241630072011-11-18T08:55:15.541-06:002011-11-18T08:55:15.541-06:00FRAUDULENT HOA is worse. I do know how bad this i...FRAUDULENT HOA is worse. I do know how bad this is though, and both classes of victims need and deserve to be rectified. The perpetrators, no matter how far up the food chain, need to be prosecuted for their roles. Especially, in the states where these foreclosures are illegal.<br />It should not matter if the scamsters are judges, lawyers, property managers, insurance industry or legislators, or other connected. Let them be prosecuted, jail time and their assets sold to compensate their victims. Let them find out what it feels like to be made homeless. The difference, they are the criminals, not the innocent homeowners.Cynthianoreply@blogger.comtag:blogger.com,1999:blog-5060417.post-59500658784543960172011-11-18T08:10:32.828-06:002011-11-18T08:10:32.828-06:00...and $1 bets that the vast majority of all of th......and $1 bets that the vast majority of all of those homes are burdened by involuntary membership in HOA corporations.<br /><br />The fraud for these consumers started with the sale of a defective product to begin with. On the product side, you have Community Associations Institute, the National Association of Realtors, and the National Association of Builders. On the finance side you have the Mortgage Bankers Association. These are all trade groups that have promoted a wholesale feeding frenzy on consumers. These groups have spent inordinate amounts of ill-gotten gains (taken from consumers) to promote legislation that keeps homeowners soft targets.<br /><br />What is unusual about the Nevada case is that an AG is actually prosecuting individuals for these crimes. In HOA land it is quite common for the HOA's agents to manufacture documents and false testimony - and the trade group routinely points out that there are 60 million people burdened by these abominations. CAI, NAB, and NAR market these places as utopias where societal ills have simply been contracted out of existence and financial success is assured. Nothing could be further from the truth, of course. All three will proclaim that it was choice to live in such a burdened subdivision and if you don't like it "move" (to a subdivision with another HOA, of course). All of them profit from the churn created by the misery of homeownership in these places. <br /><br />Get rid of the HOAs and you are going to be putting a serious wrench in the cogs of the commoditization and securitization machine of the MBA, the NAB, NAR, and CAI - all of which view you as the prey and the HOA is a major enabling trap.Anonymousnoreply@blogger.com