PI2014 #936 – Buying (Back) Foreclosed Properties ASK A HORSE There cannot be stable money within an environment dominated by ideologies hostile to the preservation of economic freedom. ~ Ludwig von Mises Wednesday, November 26th, 2014 Liberty Lovers, Http://brillig/debt_clock: Every American Citizen Now Owes The (federal) State $56,257. “The money power preys on the nation in times of peace, and conspires against it in times of adversity.” ~ Abraham Lincoln Media Outlets Are Reporting great news for some foreclosed borrowers. These borrowers may be able to buy back foreclosed properties for less than owed at foreclosure. Lenders aren’t fools. Property on inventory doesn’t earn interest; it ties up capital. “The Federal Reserve Bank is nothing but a banking fraud and an unlawful crime against civilization.” ~ H.L. Birum, Sr. Property Is Worth Only as much as buyers will pay. Or, as much as sellers will take. Investors buy foreclosed properties every day. Purchase price means little more than determining properties will turn a profit, or, generate acceptable income. “The bank hath benefit of interest on all moneys which it creates out of nothing.” ~ William Paterson Money And Banking Theory can be illusive. One concept points out banks never really ‘lose’ money, because they ‘create’ money when they make ledger entries accounting for mortgage advances. So, selling a foreclosed property at a ‘loss’ would not be catastrophic. Buyers With Ample Deposits in reserve can land attractive discounts on foreclosed properties, depending on lender holding properties willingness to negotiate and move foreclosed inventory. Nice work if you can get it. Of all the contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money. ~ Daniel Webster People Intending To Live In Liberty do not allow legislators - or other public officials within These United States of America, to give quarter to, offer sanctuary to, or, negotiate with terrorists. They require elected leaders to defend America’s liberty unequivocally. Stop and Think It’s your property, not “State” property. Let Freedom Ring – Abolish Direct Taxation Choose citizencontrolledtaxation Best Wishes, Len Ritchey
Posted on: Wed, 26 Nov 2014 19:07:43 +0000
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