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bac524 Category: Business Strategies
Current Grade: B
Total Views: 1388
Member Comments: 1
Posted on: 06/14/2007
Posted by: bac524
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This link is to lawsuit Wasington state has file against Joe Kaiser. My understanding is this law suit could have some impact on Maryland and DC  based on new laws there

www.atg.wa.gov
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Real Estate Investor
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Posted By: Real Estate Investor on 06/14/2007

I think what the investors were doing is alot different than most short sales or "foreclosure rescues". They were going after delinquent property tax homeowners with equity and getting the deed into there name.  All along knowing there was equity and they could make a profit. What they did (on paper) was perfectly legal, but extremely unethical. 

Thanks for the link - by the way its broken

 

Sean