SacBee reports on a bando scam:
The real estate agent implicated in an alleged scheme to rent out a home she had no legal right to was booked into the Sacramento County Jail this morning on criminal trespass charges, jail booking records show.
...
Powers and three others have been sought since Tuesday, when police issued trespass warrants in what they said was a "cash for keys" scheme in which the home was rented out to a couple about two weeks ago. Police believe the tenants and Powers, as well as the fourth suspect, are all related and had hoped to elicit a payment from the bank that owns the home in exchange for moving out.
I predicted this long ago but reiterated the concept when I found out recently Countrywide was offering up to $5000 to vacate. Just another moral hazard of changing the rules.
6 comments:
Third first. Hat trick!
Congratulations Wagga..... but y'know in this inflationary environment of multiple dawg posts per morning each first is worth increasingly less.
Think of them as collectors items. Like houses were just 2 years ago.
Worry No More my brethren!
Salvation has arrived!
(BTW the West Village is a shopping center a mile north of Downtown Dallas)
Several recessions ago (mid-1970's), we had an on-site manager that deeded an apartment building to himself, took out a loan against the property, and disappeared. Took some time to clean up, and the bank was...well...not pleased.
All by way of going on topic for a second and pointing out that we haven't seen the worst of this little economic imbroglio yet...
Screw her, L.A. and the urinal too!
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