Quote:
Originally Posted by cashflyer
The house across the road from me has been empty for 1.5 years. The bank, Cenlar is doing the same thing you mentioned... The house is still in the "owners" name. |
Because if the bank actually "owned" the house, they'd have to pay property taxes.
Just like the rest of us...
This way, the central bankers can:
Change T&Cs after a contract is signed([
fraud),
Sell off parts into REITs(
leveraged speculation from thin air),
Get bailed out with tax dollars(
communism),
Pay their CEOs billions for poor performance([
not capitalism),
Refuse to negotiate and steal someone's home(
fraud),
Possess the actual real estate, but force the former owner to pay taxes([
fraud)
Why is this "legal" by any stretch of the imagination?