Comments by "Crime Stoppers" (@crimestoppers1877) on "Fannie Mae is Selling Thousands of Non Performing Mortgages - Don't Tell Anyone!" video.

  1.  @robertbender73  Stay away from tract developments. These properties are magnets to people who really cannot afford them. The construction quality on these tracts is low and most of these builders do not allow you to sue them for the hidden defects. Instead they require an arbitration process that they control. A very bad deal for all including the neighbors when the prices drop like a rock. Add tenants and rentals and it is now an undesireable location.
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  2. Aren't these BPO's partially based on local comps at the time of the BPO? This could imply that the buyers of these FNMA properties would have to require high rents just to cover the difference between the percentage of the BPO prices they paid and the actual new BPO values of the properties? What about the local property tax calculations? What about the Liability insurance on each property?
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  3.  @bpb5541  Funny That's why I became homeless. Hundreds of homeless started out trusting the banking system. Only the insiders stole the money and because of politics never were arrested.
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  4. I agree! A downward facing spiral of more debt.
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  5. True but last time NONE of them went to prison for lying or encouraging lies on Loan applications. (150k/yr jobs as a fry cook in a fast food joint) Will they get prosecuted this time around?
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