SHOCKING EVIDENCE: local governments HIDING MONEY OWED to FORECLOSURE VICTIMS | Episode 51

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It’s disgusting. Governing bodies all over the country areHIDING MONEY OWED TO FORECLOSURE VICTIMS, and one governmentofficial even admitted it! Find out whether YOU’RE OWED MONEY andhow to help the victims (and yourself) today. I’m Carole Ellis.This is episode 51.I find this shocking, but hardly surprising. REI Today has firm,clear, indisputable evidence that government bodies all over thiscountry are HIDING MONEY owed to foreclosure victims, and they’renot even particularly ashamed of themselves! I’ll tell you all thedetails today, including how one government official actually gotextremely defensive over those funds confronted about them. But youdon’t have to just believe me about this. A colleague of mine namedBob Diamond is an expert in this stuff. He’s a real estate attorneyand an extremely active real estate investor, and he has made acareer out of “Robin Hood Investing” wherein he EXPOSES exactlywhere this foreclosure money is hidden and helps the unknowingvictims reclaim their cash.When I talked to Bob about this issue, at first I found itpretty hard to believe that there could actually be hundreds ofthousands if not millions of dollars of money sitting in governmentcoffers waiting for foreclosure victims to claim it. After all,didn’t we create an entirely new set of laws and multiple newfederal agencies to protect consumers and homeowners from this typeof abuse? Well, yes we did (think Consumer Financial ProtectionBureau and Dodd-Frank, folks) but let’s just say they’re not reallyvery interested in righting this particular wrong. Here’s why:Bob says that the key to the entire rotten process lies inforeclosure auctions, specifically foreclosures over propertytaxes. “When someone loses their home to tax foreclosure, theyusually haven’t paid their property taxes in three or four years,”he explained, adding that usually this amounts to, at most, about$25,000 including fees and penalties. However, the properties intax sales usually sell for about 70 percent of market value.National median home price is about $186,000, so that means that atypical home would likely sell at tax auction for $130,340.Subtract that $25,000, and you can see there is more than $100,000left over, and by right – by legal right, this is not hypotheticalin any way – that leftover money belongs to the former homeowner.However, and here’s the catch, the former homeowner must KNOW THEMONEY IS THERE and go through the proper channels to ASK FOR IT.Probably 99 percent of people (maybe even more) who lose theirhomes to tax sale have no idea what their home sells for or thatany leftover money is there. Think about it: if you had just lostyour home to foreclosure, would you attend the auction to watch itgo? Probably not. And you, like the vast majority of homeowners,would therefore have no idea that the government had collected way,way waaaay more money on your home than you owed saidgovernment.“I’ve been going to real estate tax auctions since 1989,” saidBob, “and I’ve only seen one former owner at a tax sale.”“It’s really sad,” he added. “They lost their home, and now theylost all their cash as well.” But in reality, the government keepsthe money forever if it is not claimed through the proper channels.“The governments wants you to lose that money and wants to keepit,” Bob explained. He added that many government officials areeven defensive of those funds, and that one once explained in aninterview when asked about the 95 percent (that’s right ladies andgentlemen, 95 PERCENT) of the foreclosure funds that go unclaimed,quote, “That’s our SLUSH FUND. You can’t take that away!” But intruth, it’s legalized theft. That money belongs to the formerowners, not the government, and the entire system is rigged so thatforeclosure victims have no idea WHO to ask for it, WHAT exactly toask for, or HOW to go about it.And that’s where Bob comes in, and where you as an investor OR aforeclosure victim need to come in too. Ladies and gentlemen, Bobdid an entire training with our publisher, Bryan Ellis, on thistopic, and he explained in detail exactly how it works, what youcan do about it, and how to go about not only righting thisegregious wrong and helping foreclosed homeowners but also make agood, solid, meaningful living at the same time that you can bevery, very proud of. The training is free, but space is very, verylimited so please do not delay. Head right over to www.rei.today/amazingto register for this free training. That’s www.rei.today/amazing,and when you’re done, be sure to check out images of just some ofthe checks that foreclosure victims have received as a directresult of Bob’s exposure of this legal (but I say it’s criminal)government habit of hiding money from people at one of the worsttimes in their entire life. You can see these images in the REIToday Vault right now by going to www.rei.today/vault. Notyet a member? No worries! Just text REITODAY no spaces, no periodsto 33444 and I’ll immediately send you the information you need toget that access and ALSO provide you with fast, immediate access toall sorts of great trainings, news coverage, interviews, and lotmore timely information that will help make your investing safer,faster, and more profitable.And remember, when you do that, you’ll also be able to GROW YOURNETWORK by interacting with me and your fellow listeners to REIToday… so stop by to ask questions, make comments and network withother investors across the country. Text REITODAY no spaces noperiods to 33444 or head over to www.rei.today/vault rightnow.REI Nation, thanks for listening in and always rememberthis:Your best investment is your own education.

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