Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

erronis

(21,633 posts)

13. Perfect scenario for the Kushner and other predatory types to take over more real-estate

Reply to swag (Original post)

Mon Jun 22, 2020, 04:13 PM

Jun 2020

This is how they do "business".

Bottom feeders who encourage loan/mortgage defaults and absolutely love it when their renters forfeit their deposits.

Easy money. Hire a bunch of thugs and sheriff deputies to clear out the property. Spray trump-branded disinfectant on all, and repeat.

Anybody remember CDOs (collaterized debt obligations) from the wonderful 2008-2009 debacle? They've been rebranded as CLOs (- Loan Obligations) - different acronym, same scheme.
https://www.investopedia.com/terms/c/clo.asp

They are still in business to rip off the average joe/mary. But apparently 30% of these types love being ripped off.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

13 replies

= new reply since forum marked as read

Highlight:

30% Failed to Make Housing Payments in June [View all] swag Jun 2020 OP

This is something that needs to be watched. Wellstone ruled Jun 2020 #1

Republicans North Shore Chicago Jun 2020 #2

Help must be extended Johnny2X2X Jun 2020 #3

Democrats can craft a campaign message on this issue. Baked Potato Jun 2020 #4

July and thereon will be worst . . Iliyah Jun 2020 #5

Yeah but how about that dow jones? jcgoldie Jun 2020 #6

Yikes! k&r for visibility. n/t Laelth Jun 2020 #7

Federal aid for unemployment ends in July CrispyQ Jun 2020 #8

Eh. Maybe. missingthebigdog Jun 2020 #9

We need JustAnotherGen Jun 2020 #10

"up from 2 million at the end of March", 100% increase in post due mortgages but DOW Is near record uponit7771 Jun 2020 #11

A big part of my business (shut since March) involves the eviction/foreclosure process. Not that it BamaRefugee Jun 2020 #12

Perfect scenario for the Kushner and other predatory types to take over more real-estate erronis Jun 2020 #13

Latest Discussions»General Discussion»30% Failed to Make Housin...»Reply #13