This week I spoke with the Daily Business Review’s Terry Sheridan about fraudulent bank profits at homeowners’ expense. As an active real estate attorney and entrepreneur that has closed billions of dollars in real estate, I foresee a rebellion-of-sorts concerning our nation’s foreclosure and economic crisis. I have contacted the New York Attorney General, Andrew Cuomo about what I call “double-dipping,” when a banks seeks foreclosure after already receiving tax payer bailout money from insurance companies like AIG that insured the banks against foreclosures.
Read on for my entire question and answer session about banks double dipping at homeowners’ expense.
