Banks Failing to Disclose to Buyers About Foreclosed Properties

By: Wednesday March 7, 2012 1:45 pm

Travis Waldron highlights this story out of the Palm Beach Post about Wells Fargo – and other banks – trying to hide their bank-owned properties. It’s a little-known fact that Wells Fargo Bank’s Premier Asset Services division, which sells bank-owned homes, instructs agents who sell these houses to list the owner as “Owner of Record,” [...]

Investor Class Already Looking for Handouts to Purchase GSE-Owned Properties

By: Thursday August 11, 2011 7:33 am

Marcy Wheeler has some important thoughts about the government’s proposal to convert GSE-owned properties into rental units, and the potential for abuse on the part of a new generation of slumlords. Call me crazy, but it seems the only reason such a program would be lucrative would be because it allowed one investor to corner [...]