When are law makers going to wake up and realize this isn’t about houses?! The foreclosure scheme is about the taking of property and collateral , using it like Bitcoin and trading and pledging it all over the world in an inflated value. Zombie houses – who cares?! To Wall Street it’s just a bunch of numbers and data on a computer screen lumped in another vehicle and thrust at some other delusional idiot.
According to a recent report from RealtyTrac, the state of New Jersey has more zombie foreclosures than any other, and now, the state’s two senators are asking why the problem is so bad and what can be done about it.
In a letter sent last week to the heads of the Department of Housing and Urban Development, the Federal Reserve Board, the Consumer Financial Protection Bureau, theFederal Housing Finance Agency and others, Sens. Cory Booker, D-NJ, and Robert Menendez, D-NJ, say that the prevalence of zombie foreclosures in the state is seriously impacting the state’s residents and its economy, and they want to know what the federal regulators are going to do about it.
“One of the enduring lessons of the Great Recession and the resulting foreclosure crisis is that economic problems are not confined with the four walls of a home,” Booker and Menendez…
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