How Stupid Can the Protests Get? Now - A Really Bad Reason to Fight Foreclosures
By David Farrell, Licensed NY State Real Estate Broker
(David V. Farrell Co.)
I just read a Village Voice article explaining that the Occupy Wall Street Movement was going to move from courthouse to courthouse to stop foreclosure sales in the five Boroughs of NYC. Noble - but misplaced. Here is a press release, written by someone who purports to be an attorney, stating the reason for the mortgage meltdown. Below, you'll see some slight differences between her 'opinion' and the facts. First, as I didn't even mention in my note to the editor of the Village Voice - It's a Referee who sells a foreclosed piece of real estate. Auctioneers sell co-ops at foreclosures as they are non-judicial sales. This letter is so asinine it is sad it was written by an attorney. Does anyone remember the 1980s when mortgage rates were in the high teens? Well, guess what helped the...
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