Thursday, February 11, 2010

Why Banks Love Foreclosures…The Video Math

On Friday, February 5, 2010 I wrote a blog post commenting about how it is more profitable for a bank to foreclose on a mortgage than to “mitigate” it

“It Pays to Default On Your Mortgage…It Pays Someone...”
LINK TO MY POST: http://bit.ly/azqFzD

Today, Toby Tobin posted a video link on his newsletter that gives the math and elaborates on how this scam is being pulled off.

THE VIDEO: http://bit.ly/crlrGR

GOTOBY LINK: Go Toby Posting Thursday, February 11, 2010
Are You Mad at the Big Banks and Wall Street Yet? You Should Be.
http://bit.ly/d64eaH

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