Talk:Mortgage advisers attempt to collect rent from neighbors after FBI raid in Union City, California

Interesting
Very interesting story. The fact the FBI apparantly didn't charge anyone with fraud may mean this company's activity is not easily proven to be illegal; also the letter seems to indicate they used their technique to take possession of the building their offices are in. Some US property law is extremely weird. In some states if someone pays the taxes for 20 years they own the property.In Oregon some counties issue tax bills on properties that don't exist yet(are just lines in a developer's proposal)Then,after the proposal is abandoned or rejected, the tax bills still exist indefinitely(believe it or not). Con-men buy the right to pay the taxes and turn around and sell the non-existant properties on a "buyer beware" basis;using the tax bills as "proof" the property is real.In Florida,when an "alien" sells property,the real estate agent(and/or title lawyer) is supposed to hold onto 10% of the sale price for the IRS...and nobody tells the alien this is going to happen when he first buys the property.

Wow, this is a very interesting story. Paulrevere2005 11:13, 6 May 2005 (UTC)