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The banks are recovering while foreclosures continue to dominate the scene. After having received hefty sums from the government the banks are talking about repaying the money.
It is now time for an infamous foreclosure scammer to face the music. Joseph Kaiser of Tacoma, Washington State, has been ordered by a judge in King County to repay over $3.2 million to those whom he had fleeced. Over and above this he would have to pay $179,000 for transgressing Consumer Protection Act.
Foreclosed houses that have so far plagued Lake County with record breaking numbers are now turning into assets. It could bring nearly $5 million federal dollars to purchase, refurbish and re-sell or rent out these houses currently standing vacant.
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