by Jim the Realtor | Apr 25, 2009 | Fraud | 5 comments
The U-T found a condo-conversion project having trouble in Linda Vista, as a result of James McConville fraudulent doings.
Thirty-five of 42 condos are in foreclosure:
No mention of Kelly and Will from voiceofsandiego.org being the ones that first broke the story, instead, they only reference the previous article by the U-T.
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If house price growth goes from 20% to 5% annualized rate, I suspect it will create a narrative vortex where everyone's wildest dreams and darkest fears are all simultaneously confirmed
New post (Carlsbad Custom) has been published on http://bubbleinfo.com - https://www.bubbleinfo.com/2021/10/15/carlsbad-custom/
Absolutely amazing.It is awefully strage how the losses in real estate seem so easily passed onto a bank.Seems like people weasel out of bad deals so easily.Now the banks are trying to make up losses by raising all of our interest rates on credit cards.
@arizonadude – the banks signed up for the deal too. They willingly, even eagerly, took on the risk.
The bank should have known better than give these loans. But they, like everybody else, were greedy morons.
Yeah, “greedy morons” seems to be the key concept in this fraud.
UT barely mentioned them in the first story they ran. They’re basically scumbags stealing a story.