Beating Banks At Their Own Game - Levi, Steve
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As you are reading this, banks are giving away millions of your dollars in gift mortgages. The banks are borrowing money from the federal government for mortgages, claiming the loans have 'gone bad' and then giving the title of the property to 'deserving individuals.' There is no federal check on these 'bad loans' so the mortgages are free and clear-and tax-free. A Writ of Mandamus filed by the author in August of 2017 may end this practice. Beating Banks At their Own Game, is a fictional approach to explaining how the process works. The Appendix includes a collection of nonfiction documents…mehr

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Produktbeschreibung
As you are reading this, banks are giving away millions of your dollars in gift mortgages. The banks are borrowing money from the federal government for mortgages, claiming the loans have 'gone bad' and then giving the title of the property to 'deserving individuals.' There is no federal check on these 'bad loans' so the mortgages are free and clear-and tax-free. A Writ of Mandamus filed by the author in August of 2017 may end this practice. Beating Banks At their Own Game, is a fictional approach to explaining how the process works. The Appendix includes a collection of nonfiction documents sent by the author to the FBI, SEC, Consumer Financial Protection Bureau and the Federal Housing Finance Administration to STOP the practice of gift mortgages. Beating Banks At their Own Game is the saga of five people who use occupational and real-life experience in banking and real estate to seize control of more than 120 lots in a six-block area in Las Vegas using money that does not exist. They slide the land titles into a shell corporation and then sell out to a development corporation for 75% of book value. By selling below market value they know the sale will go quickly and quietly. But can they get the land and sell it before their scam is uncovered by greedy competitors who want in on the action, state banking auditors, the IRS and the SEC?
Autorenporträt
Steven Levi is the author of more than 100 books, half of them on Alaska. His subject matter includes humor, scholarly history, and impossible crimes. An impossible crime is one where the detective has to figure out HOW the crime was committed before he can go after the perpetrators. For Alaska history, he specializes in scholarly research to make sure what he writes is based on the facts. For example, his book on Archie Ferguson is based on more than 20 years of research, almost 100 interviews, and the reading of every newspaper which covered Ferguson's colorful career. This work is significant for the historian because it catalogs the transition of a frontier community to a community as the 'fences of civilization' were being constructed.