Wednesday, January 12, 2011

All those who are looking to buy Foreclosures Cheap.... You may want to think twice about that! I Believe Class Actions will be beginning throughout the U.S. for Previous MERS Foreclosures this year! Bet ALL Title Insurance Companies will Stop Insuring Foreclosed Homes!

I believe we will be seeing Class Action Suits in All the States against MERS and ALL MERS Servicers and Banks this year!  Once that happens, you can be assured ALL Title Insurance companies will not even touch insuring the title of ANY foreclosure!

What does that mean to investors who buy foreclosures?  Means you may possibly be out money and a house after it is all said and done (then you can start your own lawsuits)!  But besides that banks will have trouble even selling foreclosures in the future, if Class Actions start!  Who in their right mind would buy a foreclosure, if there are lawsuits and the all MERS foreclosures were done through FRAUD?!

So............ Just something for all the investors to think about!  I would not touch a foreclosure with a 10 foot pole, even if it was 1/4 the price of the market value!

I do believe (heard through the grapevine, so to say) Class Action Suits will begin this year on already foreclosed homes - Over MANY YEARS - Foreclosed homes - NOT just the last few years - BUT since MERS was started!  Think about that one!  How many millions are out there from the 1990s to now?   Imagine the tail spin the real estate world will be going into, considering foreclosures make up the majority of the property for sale! 

SO BUYERS BEWARE - SERIOUSLY CONSIDER THE FUTURE RAMIFICATIONS OF BUYING A FORECLOSED HOME!  If you have already bought one?  Well...... life may get a little interesting this year!

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