"Banks don't own foreclosed property ... ever. It's against the banking laws. "
Clay, you are wrong on this one. Look up title on some of these properties and you will see that banks DO own properties. Some are in pools, and owned by the investor, but some are portfolio loans, which means the bank retains the loan, and yes they foreclose and yes they own it. In their REO department. I've bought properties and it even shows the seller as the bank. Again, not always, as many times it is Freddie Mac or Fannie Mae, but it is also banks.
Clay, you are wrong on this one. Look up title on some of these properties and you will see that banks DO own properties. Some are in pools, and owned by the investor, but some are portfolio loans, which means the bank retains the loan, and yes they foreclose and yes they own it. In their REO department. I've bought properties and it even shows the seller as the bank. Again, not always, as many times it is Freddie Mac or Fannie Mae, but it is also banks.
? so i'm walking across the school yard and i'm crossing the street and i see a squad car coming down the road oh oh and theres another one behind him oh oh OH OH ? so he pulls up and i keep walking past the front of the squad car. he did'nt yell at me through the loud speaker ? yet ? he jumps out says stop right there. what chu dewin. well he dont have his gun out. so he knows it taint no gun. den i look down the street and here comes anudder one oh oh ? he says you got permission ? yes sir i went down and talked to one of you officers 2 days ago. he says have a seat. so i sit on da curb. he comes back and says there is no report. oh oh ? den he says next time you better have a name ? oh so he's invitin me back. SHEW no hand cuffs no ticket. butt its my fault the government is screwed up ? RIGHT ? need less to say it got my blood pumping. you get permission but it aint permission. i always keep in the back of my mind ? DAMNED IF I DO ? DAMNED IF I DONT ? SO I MAY AS WELL DONT !
