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Direxion Daily Small Cap Bear 3X ETF Message Board

  • tdcburns@sbcglobal.net tdcburns Feb 15, 2013 11:36 PM Flag

    any of you know if this kind of BS is really happening?

    This email was sent to me by one of my cousins in AZ...she received it

    from family in

    the upper midwest....

    Recently, our friend Michael (a local realtor) shared his

    experience with an "Obama supporter" he encountered

    while showing homes to a low income, working family in Pontiac, MI..

    We asked him to please write it down so we could share it. WARNING!!.

    YOU BETTER BE SITTING DOWN WHILE READING THIS:

    Michael says:-----------------------------------------------------------

    As a Realtor for the past 28 years I thought I'd seen or heard it all.

    Until now.

    I was showing homes in Pontiac, MI. one afternoon recently and showed

    up at a home at the 4:00 pm time my appointment was scheduled for.

    After I woke up the homeowner, she let us in and then proceeded to

    tell my buyers and I that she has already entered into a contract to

    sell the home on a short-sale. (A short-sale is a sale where the banks

    accepts less money than is owed on the home). After some #$%$-chat,

    she proceeded to tell us that she and her sister (who also lived in

    the area) were buying each other's homes via the short-sale process. I

    mentioned to her that I thought relatives could not be involved in

    those transactions. She smiled and said "We have two different last

    names so no one knows the difference".

    She went on to tell us that each of them owed over 100K on their homes

    and were in the process of buying each other's homes for about 10-15K

    cash. To top it off, they were each receiving $3,000.00 in government

    provided relocation assistance at the closing.

    My buyers and I were amazed that she was outright admitting to fraud

    and yet, she continued. She began to tell us that the best part of her

    scheme was that because they currently were not working that they

    (both) are now receiving Section 8 Vouchers. I said I thought those

    were for renters and she said "That's the best part; me and my sister

    are going to be renting each other's homes so we don't even have to

    move, and Obama is going to give us each $800.00 a month to pay the

    rent!" She then picked up a picture she had framed of Obama and did a

    little happy dance around her living room and while she kissed the

    picture she was singing "Thank you Obama.... thank you Obama."

    So here is the bottom line. Both of these scammers got at least

    $80,000.00 in debt forgiven, $3,000.00 in cash for relocation (when in

    fact they did not relocate) and to boot, you and I will now be paying

    (through our taxes) $1,600.00 in rent for each them each and every

    month.... perhaps forever!

    And I also would not be at all surprised if they are receiving food

    stamps and whatever other programs are available for anyone who is

    willing to lie to get assistance.



    These women went from working and paying about $900.00 each in

    mortgage payments to staying home and getting paid $800.00 each per

    month to live in the same home they had been living in and all they

    had to do was lie on a few papers. This craziness has to stop! I'm

    sure this kind of fraud is going on each and every day all across the

    country and no one wants to touch the subject of entitlements because

    they might OFFEND someone or lose a vote or two.



    By the way... she had an almost new SUV in the driveway, three flat

    screen TV's and a very nice computer set up in her living room which

    was furnished entirely with nice leather furniture.



    I'TS THE NEW 'AMERICAN WAY'.....



    (This really needs to be passed along....I've done my part...now it's

    your

    turn!)

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