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Make Millions in Foreclosure?... a Sucker is Born Every Minute

Author: William Dorich Author Ranking Blue | Posted: 02-08-2008 | Comments: 0 | Views: 28 | Rating:  (60) Article Popularity - Blue (?) Got a Question? Ask.
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If you are heading to the next foreclosure auction you would do yourself a favor and stay home. The only people getting rich in foreclosure are these so-called foreclosure "experts" selling homes on television for $700.

Just think about it. If the median price home in your state is $250,000 then what in hell can you get for $700 dollars? The answer is quite clear, a shack, an empty shell and four walls...no sinks, no toilets, no bath bubs, no plumbing, no water tank no heater and certainly no windows. You get four walls, many of which have had major holes pounded into the plaster by hostile former owners who went out of their way to destroy the property before they were evicted.

Homeowners who destroy their property in foreclosure should be sent to jail-but our liberal politicians and courts believe that personal property rights allow owners to destroy what they can no longer afford to pay for. It's a clear sign that capitalism and the judicial system are running amok.

I know of some cases in which former owners had parties on the eve of their evictions in which they invite their friends to bring hammers and chainsaws to break through plaster walls just for the fun of it... such criminal destruction of property should be prosecuted to the fullest extent of the law. And until we do, these crimes will continue. A $700 bargain is not such a bargain if you need to put $150,000 into repairs.

The barkers on these foreclosure shows never tell you that most of these properties are dogs, real dogs. Do you want to own a house in a neighborhood surrounded by drug dealers and empty houses growing marijuana inside? How safe is your investment if it is surrounded by gangs, former prison inmates, and registered sex offenders? Then why would you be convinced that this $700 property is a bargain? Or are you like most of these buyers who are just planning to do the minimum amount of repairs so you can make a "killing" by pawning it off on some other poor idiot? Unfortunately our American society has evolved into this "Brave New World."

Being convinced by television infomercials and auctions that anyone can instantly gain riches and the technical skills of investing in risky real estate is dumber than dirt. Americans are currently discovering that the vast majority of people don't have a clue what they are signing when purchasing a home... the sub-prime mortgage melt down reveals this lack of knowledge. Believing now that these same consumers are investment gurus capable of wrestling property deals away from the big boys are out of touch with reality. The high rollers of real estate investment buy all the good property on the foreclosure market. What usually ends up on the auction block are the dogs!

Do not get snagged by the hype being fed to the general public by television commercials produced by the very same scam artists that hyped people into believing they could afford to buy a house with no money down and refinance it when the prices go higher. The sleazy salesmen holding these "get rich quick" schemes are the ones making millions, stupid!

I watch these foreclosure auctions and my immediate thought is about B. T. Barnum, the famous man of the circus who once said: "A sucker is born every minute."

Under the glaring lights of the television cameras and the smooth-tongue auctioneer plus the barkers running up and down the aisles screaming "Buy!, Buy, Buy," this is nothing more than the 21st century equivalent of selling snake oil.

Buyers beware!











 









 

 

 

 

 

 

 

 

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William DorichAbout the Author:

William Dorich is the author of 5 books on Balkan history and music. This experience led to starting his own publishing company in 1985, specializing in quality self-publishing to provide an alternative to authors who are sick of receiving rejection letters. Since the inception of GMbooks.com he has produced and published over 130 titles including, "Witness to War: Images of the Persian Gulf War" for the Los Angeles Times--a book that won a Pulitzer. His list of clients include the Who's Who of American business. His new book is entitled "Defeat Foreclosure," www.EraseForeclosures.com. His newest book, "The Nursing Home Crisis" will publish in August, 2008.

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Is The federal Reserve Bank The Biggest Fraud In U.S. History?
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christ4usF57187By John Louis Is The Federal Reserve Bank The Biggest Fraud In U.S. History? While millions of our citizens are sleeping--in a figurative sense--momentous decisions are being proposed by the powers that be. These financial decisions, with far-reaching consequences, are being rubberstamped or blindly approved by the Legislative, the Executive and Judicial branches of our government. The primary purpose of these financial decision-makers, however, is to relegate the United States of America to a mediocre economy, thus paving the way for a one-world government. And the powers that be are none other than the Federal Reserve Bank. The Federal Reserve System, with its 300 shareholders, is the most insidious threat to the economic security and vital interest of this country. 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Furthermore, they commission the IRS to collect trillions of dollars in income tax from the working class. Yet, they themselves pay no income tax whatsoever on the money collected in interest from borrowers. They operate under Congressional approval. Yet, they are not under Congressional supervision. They prescribe laws for the people of the United States and executive directives through Congress and the presidency, respectively. Yet, they themselves are exempt from these laws and directives. The central bank and its cronies have been abusing their power to print and regulate the value of money for nearly a century. Several attempts have been made over the years by a few members of Congress and two past presidents to require accountability from these powerful shareholders and banking institutions. Yet, these attempts have been futile. While most of our citizens think this monetary monopoly is a part of the U.S. Government, it is actually a private corporation that exclusively promotes the interests of its super-rich investors. In fact, the Federal Reserve Bank is approximately 78% foreign owned. Its shareholders are incognito. Its vast and untold wealth is guarded in utmost secrecy around the world. And this economic oligarchy operates beyond the reach and scrutiny of all federal officials. Consequently, the president and members of Congress have never seen, much less audited, the books of this privately-owned corporation. Its representatives operate in the U.S. Yet, their primary goal and objective is to enrich their proteges from other countries. They do so by setting interest rates, regulating the amount of money in circulation, manipulating the stock market and engineering economic slowdowns, recessions and depressions intermittently to the detriment of our society. In fact, this agency and its subordinates hold one of the largest stock portfolios in the world. Furthermore, they enslave consumers with cumbersome financial burdens through secured loans--such as mortgages--and unsecured loans--such as credit card debts--that are administered by the banking industry. The banking industry through these interest-bearing loans to consumers and businesses reaps substantial, financial benefit for the Federal Reserve's private investors. It's no coincidence that the central bank is more interested in bailing out Wall Street (the powerful banks), while Main Street (the working class) is left to suffer the pain and agony of ongoing economic fluctuations. As a matter of fact, the working class and its future generations are shackled with the largest and stiffest financial burden of all times: the National Debt. The National Debt, the money the U.S. Government owes to these financial gurus, amounts to more than $9, 000, 000, 000, 000.00 (Nine Trillion Dollars) as of the date of this article. Because of uncontrolled budget expenditures, pork barrel projects--not to mention unbridled waste--by Congress, the debt is increasing day by day. As the debt increases, the interest on the debt will continue to grow exponentially. And there is absolutely no end in sight as to how high the National Debt and the accrued interest on it will go and how much we the present and all future generations: economic slaves of the system--will be indebted to this international cartel: politico-economic masters of the world. It's unthinkable that--as we continue to witness the worst economic problems of our times: The mortgage debacle, the wave of foreclosures sweeping the country, the insolvency of some of the world's oldest institutions, the credit crunch, the outsourcing of millions of jobs, the rise in unemployment, the demise of the automobile industry--to mention some of society's most publicized problems--President George W. Bush, the Republican and Democratic Congressional leaders are absolutely clueless as to the instigators of the worst national crisis since the Great Depression of 1929. Obviously, if our political leaders are aware of the magnitude of this national crisis, which will have serious international ramifications, they are not demonstrating the leadership and courage to take the appropriate steps to tackle these problems. Instead of taking draconian measures to solve these highly complex, socio-economic issues, they are worsening the situation by borrowing approximately one trillion additional dollars to bail out the main perpetrators of the crisis: the banking institutions. Ladies and gentlemen, unraveling before you is the greatest fraud ever perpetrated in the history of our Republic: The embezzlement of nearly one trillion more dollars from the taxpayers of America. The greatest embezzlement of all times was actually President Bush's proposed solution to this unprecedented crisis in his nationally televised speech of September 24, 2008. His solution to this complex problem borders on lunacy! While it was initially rejected by the House of Representatives, the greatest transfer of wealth from the powerless people of America to the beleaguered banks was later approved by the Senate--having been garnished with a few crumbs in the form of tax breaks for businesses and an increase in federal deposit insurance from $100,000.00 to $250,000.00 per account. This ill-conceived proposal, in my opinion, is tantamount to putting a second story on a building that is standing on an already shaky foundation. The president's solution, which will eventually be approved by both Houses of Congress, may delay the collapse of the building. But eventually the building will implode and collapse. Therefore, the trillion dollars being allocated by Congress to bail out the main perpetrators of this endemic crisis, should be used instead to support Main Street: Homeowners facing foreclosures and struggling under an unprecedented load of secured and unsecured debts. Conversely, Wall Street: The banking system, the multinational corporations and mega insurance companies should be left to precipitate into the proverbial hole they have been digging for taxpayers since the turn of century. The public outrage over the president's ineptitude and his proposal to bail out Wall Street is reflected in his recent lower than ever approval rating. Being accessory to this fraud of epic proportion against the American people, George W. Bush should be indicted in the court of public opinion and in the annals of history for treason against the Republic. And no less guilty of the greatest rip-off of our national resources are the Republicans and Democratic members of Congress, who await their fate in the upcoming Presidential and Congressional election in November. Many of these incumbents, long-time members of the Legislative, should also be thrown out of office for dereliction of their fiduciary duties and responsibilities to the citizens of this country. This article, however, would be incomplete if it defines the problems, and identifies their instigators, without, even if perfunctorily, proposing a solution. Or is there a solution to these longstanding, economic problems? Is there any step that you can take to stop the future implosion and collapse of this proverbial building? More to the point, can you actually prevent these bankers from succeeding in their ultimate goal of precipitating this country into a third-world country status to lay the groundwork for the establishment of a one-world government? Who among you can stand up to this omnipotent banking cartel that wields absolute power over the U.S., if not over the global village at large? Shocking as it may seem, the predecessors of this mostly international banking cartel are connected to the oligarchy that colluded with other central banks around the world in times past to finance World War I, World War II, The Russian Revolution, The Korean War, The Vietnam War and the ongoing Iraqi War? Are we so ignorant of the past that we are about to repeat it. Are our political leaders so blind that they are accomplices to a negative force that is leading the U.S. into the ditch of a one-world government? Worse yet, are they not also under the spell of the same diabolic force that will ultimately lead the world into the Battle of Armageddon: the nuclear holocaust of World War III? Unfortunately, the answer to the above questions is a resounding yes! While concerned citizens and grass-root groups are advocating radical measures?from engaging in an armed revolt reminiscent of the Revolutionary War to refusing to pay income tax and demonstrating en masse around the country demanding drastic changes in our current political system. These tactics, however well-meaning, are obviously outdated--to say the least. They will in the long run prove to be counterproductive in stopping the Feds--quest of ruling the world through a well-orchestrated economic conspiracy. Can you actually wage war on the U.S. military machine, the envy of the world, under the president as commander in chief? Can you truly influence Congress, the puppet of special interests, to represent the citizens of this so-called Representative Republic? Can you successfully fight the IRS, the primary tool of the Federal Reserve Bank, in court without depleting all your intellectual and financial resources? Can you honestly abandon your own personal responsibilities to engage in endless demonstrations against this powerful Beast? Of course not! As a matter of fact, any preventative measure undertaken to stop the politico-economic demise of this nation and abort the institution of the New World Order may be too little too late. And, because of lack of time and resources to take appropriate action, any effort on your part may actually never have any significant, preventative effect on slowing down, much less stopping the central bank's ultimate agenda. To whom then can you turn to stop the Federal Reserve and its band of wealthy investors in their ultimate quest for world domination? And who can abolish such a predatory institution? Actually, there are four ways to dismantle this financial oligarchy. First, Congress may, under public pressure and electoral outcry, introduce legislation, which the president can sign, to abolish it. Second, Congress reserves the right to buy the Federal Reserve Bank back from its current shareholders for $450 million, which is their original investment. Third, the president himself may sign a Directive Order to reinstate unto Congress its constitutional right to print and determine the value of money. Fourth, the state legislatures may call for a constitutional convention to amend the U.S. Constitution to dismantle this nefarious organization:  an option postponed now; to be explored later in this article. However, the members of Congress are much too content to continue playing their unflattering role as puppets of special interests to cut off the financial strings that attach them to these invisible puppeteers. They are too cowardly to enact any legislation contradistinctive to the will and interest of this humongous financial empire. Neither will they ever buy back the central bank from its unscrupulous shareholders. The president is too much of a pond, too scared, too concerned for his personal and economic safety to sign a directive contradistinctively to the will of the Feds' international bosses. Coincidently, the two presidents, Abraham Lincoln and John F. Kennedy, who have tried to wrest the absolute power over monetary policies from the central bank were assassinated. For obvious reasons, and being sold out to special interests that finance their political campaigns election after election, neither the president nor Congress may ever have the will, the power and intestinal fortitude to abolish this economic monstrosity. In brief, these elected officials, while purporting to represent the citizens of this Republic, are desperately sold out to this and other special interests many times over. Therefore, they may never end this breach of fiduciary responsibility by stopping the greatest scam ever perpetrated on the taxpayers of America. To put it in blunt and absolute terms, Congress betrayed the United States in 1913 by transferring its power to coin money and determine the value of it unconstitutionally to this national and international banking empire. All our presidents, with the exception of Lincoln and Kennedy, have been accessory to this high crime, even treason, against our citizenry. However, the majority of the Supreme Court has rendered a few decisions here and there against these invisible, economic leeches that have been profusely sucking the blood of the taxpayers for nearly a century. But where are the Media Gurus? And The Media Themselves? The Lou Dobbs: Independent Voice of CNN? The Bill O'Reilly: Curator of the No-spin Zone of Fox News? The Rush Limbaugh: Radio Talk Show Host Extraordinaire, Self-appointed Voice of Conservatism and Defender of this Nation's Conservative Principles? The CNN: Producer of News We Can Trust? The Fox News: Instigator of Fair And Balanced News? The Washington Post, The New York Times: Elite Members of the Main Stream Press? Where are the great Investigative Reporters du jour: Darlings of the Media and Pulitzer Prize Winners of our time? And what about the other Major Cable News Network? Well, these powerless "powerful" voices that should have been exposing the greatest embezzlement of all times loudly and clearly--had instead been banding themselves together to engage in the greatest conspiracy of silence of modern times to suppress the truth from the public. Of course, their protracted silence and continued inaction has greatly contributed to and played into the invisible hands of these financial world conspirators. In fact, since 1932, the Feds' representatives have been acquiring some of the major news networks, the prizes of broadcast and print journalism, to promote their global agenda; therefore, their editors, anchors and reporters may never raise their voices, thus biting the invisible hand that is feeding them. As promised earlier, let us explore the only remaining course of action, which is for you to appeal to the legislatures of the states to call for a convention--at which time a constitutional amendment can be proposed to eradicate the Federal Reserve System, thus ostracizing the hands of its wealthy shareholders from America's collective pocketbook. Amendments proposed by the convention, however, would require ratification by the legislatures of three-fourths or approximately 38 of the 50 states. Congress often limits to seven years the period for ratification of a constitutional amendment by the states. Therefore, this time-consuming Constitutional tool may eventually be proven to be an inadequate vehicle to rescue our citizenry from its modern, economic oppressors. In fact, the powers that be, backed up by their global counterparts, may use any future constitutional convention as a tool to circumvent the present Constitution itself. They may try to supersede this legendary document with another constitution of their own--one that altogether reflects the agenda of the architects of the one-world government, namely, the Trilateral Commission, the Council of Foreign Relations and, last not least--The Federal Reserve System. Meanwhile, concerned citizens of all walks of life and political persuasions must be called upon to act and to do so quickly! They must be exhorted to do whatever possible to prepare to face the two-horned Beast of Revelation that will enjoy political and religious power. They must be informed about Babylon, an entity consisting of the Economy, Religion and Politics, that will control the military powers of the world. They must be made aware of the greatest conspiracy of all times and of the result of Congressional, presidential and media inaction at best and of their indifference at worst; for the continued indifference of these modern institutions will result in the sudden collapse of the economy and of our civilization, which will in turn unleash upon us unexpected socio-economic woes: unprecedented homelessness, high unemployment, rampant suicides and crimes, long soup lines reminiscent of the Great Depression of 1929, if not anarchy: the breakdown of law and order in our already fragile society. And, above all, and more importantly, unless we as a nation repent from our political, religious and economic sins by turning to God, thereby reverting to the Judeo-Christian principles upon which this nation was originally founded... Unless the religious leaders and churches of this nation wake up from their spiritual sleep, we are headed toward a fate even worse than the socio-economic horrors of the Great Depression era: The nuclear holocaust of World War III. Such catastrophe, which is likely to happen during this generation according to Biblical prophecy, will not only eradicate the global economy but bring carnage to millions of innocent people in this country and around the world. Unfortunately, time and space will fail me to describe in detail the apocalyptic annihilation awaiting this civilization and the future collapse of the world?s Economic, Religious and Political System: The Three Pillars upon which rests Spiritual Babylon, which is the antitype or fulfillment of Historical Babylon. However, anyone interested in preparing for these future climactic events may contact me either telephonically at (951) 897-1691 or via air mail at the address noted below for additional information on this and other pertinent topics. To conclude, I strongly urge all concerned citizens of this nation, members of our political institutions--Congress and the Presidency--Chief Justice and Associate Justices of the U.S. Supreme Court, Judges of other Courts, media pundits, elected officials and civil servants on the federal, the state, county and city level of government to take heed and wake up before it?s too late! Copyright  © September 2008. All rights reserved. The information contained in this article or any part thereof may not be reproduced or distributed in any form electronic or otherwise without the previous, written consent of the author. For additional information, please write to John Louis, P.O. Box 70117, Riverside, CA 92513-0117 or call (951) 897-1691.

So, let's blame the borrowers who got ripped off in the first place?
By: Jim Carrington | 20-11-2008
That'arringtons a very nasty assumption on Mr. Colander's part, "....the bailout gives subsidies to Americans who borrowed beyond their capacity, while giving nothing to others who struggled to live according to their means." What a cruel remark. When we bought our home we were both working, making decent money; then his job of 16 years went out of business, and I got sick with bone marrow cancer and had two troublesome hip replacements which failed after implantation, so now I CAN'T work. Our home is a very modest Cape Cod, built in the 1950's, and is barely situated in a decent residential area. We got a good deal on it, as well; we were approved for over $100,000.00 but borrowed only $80,000.00. How dare this A--WIPE ASSUME that most foreclosure victims brought this upon themselves?! Sounds like a typical, dirty Republican's ideology to me!! If anything, it was the GREEDY loan-sharking banks and the crooked mortgage companies' fault!  I know of a retarded girl who inherited a modest, dumpy house, and a mortgage loan company talked her into an equity credit line, (via telemarketing) knowing she wasn't employed; now, they're foreclosing on her home as well!  This is IMMORAL.  But, I suppose this is all her fault, despite the fact that one can just glance at this woman and know that she's mentally disabled, and when she speaks, it removes any and ALL doubts as to her ability to enter into a binding contract.  But, God forbid the bank actually be culpable in any of this!  When I was a loan officer YEARS ago, I'd have taken one look at her, denied any loans, and sought a legal guardian for this woman.   Crooks and THIEVES!

Model Home Sales Agent
By: patijohnson | 20-11-2008
Anyone know of any job openings as a model home agent in Arizona? 

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