View Single Post
  #88 (permalink)  
Old 10-31-2007, 11:49 AM
JustAMom JustAMom is offline
Junior Member
 
Join Date: Oct 2007
Posts: 10
Default

Just a question. With available assets that low, why can't homes owned by those involved, ex., the 900 thousand plus home in Spotsy, the million dollar vacation home in SC, the Mercedes, etc, etc, etc, be confiscated for the benefit of those who lost funds. Aren't these considered assets also? If these homes were purchased with cash, don't the individuals involved have to show where that "cash" came from? And what if the homes were put in another persons name, are they then exempt from any attachment to this? Just wondering.

Also, aren't the banks, appraisers, mortgage loan officers, realtors, builders, etc., involved responsible also?

Reply With Quote