Man Pays $15 For $340,000 Flower Mound Home

Why is this on ATS?
Seriously...
People do this EVERYDAY in America...
Most don't even pay a penny...

reply to post by wastedown


Dear wastedown,

As I said, it is not about this random person, if we are going to give away houses lets give them to families that are on the streets, lets set some criteria.

No one is getting a free home. The original loan was securitized, the lender payed off in full sometimes three times over. In addition, there was insurance on the home so the lender could collect on any losses, and on top of that the servicer received TARP funds. Don't dare think that money wasn't made over and over on any mortgage from 1999 until present. Wall Street profited, but ultimately the tax payer will pay. Exactly why the bankers who rigged the system should be in jail.

Very few individuals who bought homes they couldn't afford, did so without the bank qualifying them first. Most people had no idea that the economy would crash either. And while Main Street tanks, Wall Street profits.

reply to post by AQuestion


Are you saying you know this guy and he wasn't on the streets? I would bet it all that he spent ALOT of time in a PRISON LIBRARY doing research... Set a criteria? The criteria is set, the laws are on the books and he found a way to make it work, can he be blamed for that?! I say he did the work let him reap the benefits, at least with him living there someone will be paying the taxes...HIM not US as you are so concerned about. He faught for his chance to improve his status and is winning, this could change the lives of his entire family for generations... The criteria is already there do the research, Big Banks betting on the market is the real problem and obviously they found that out to late, the bubble has burst, you can be assured that house has been paid for over and over... We win by someone living there adding to the tax base rather that it sitting empty loosing value.