Lost sovereignity

dirtyp · #1 (**permalink**) 08-10-2008, 08:48 PM

Foreign money, which up to now has focused its attention on investing in iconic commercial real estate - like Barneys New York and the Chrysler Building - is now moving to scoop up tens of thousands of discounted foreclosed homes across the country.

One sovereign fund, said to have earmarked $29 billion to purchase foreclosed residential real estate, recently hired a West Coast mortgage broker and is starting to search for bargains, The Post has learned.

The search, which is being carried out, in part, by Field Check Group mortgage consultant Mark Hanson, who was retained by the broker, Steve Iversen, is concentrating on single- and multi-family REO (real estate owned) homes, or homes that have already been taken over by the mortgagee.
LOST SOVEREIGNITY | War On You

Doug Rozenek · #2 (**permalink**) 08-11-2008, 12:44 PM

This is capitalism at it's best/worst. America has been for sale to the highest bidder for years. The enemy could never defeat us with guns or bombs, but they can buy us up.... one acre of land at a time, one business at a time, one city block at a time.... until they truelly do "own" us. Then they can just boot us out and take over. Some things just shouldn't be sold to overseas investors..... but well..... america is in love with money and it doesn't matter where/who it comes from.