Housing owner occupancy fraud scheme revealed, 75% more likely to default than declared investors, likely seeking deception benefits.

There is a massive housing owner occupancy fraud scheme being unearthed and the more I review, the worst the news gets

"They are 75% more likely to default on their mortgages than declared investors. And they are more likely to default than true owner-occupiers, too. This makes… pic.twitter.com/lpkup3F4ln

— Darth Powell (@VladTheInflator) August 11, 2023

1) By and large – most seller price cuts are now coming in the states that boomed the most during the pandemic.

Except for Indiana. Which interestingly is #1 at a 31% price cut rate. pic.twitter.com/LfgfBb6b0S

— Nick Gerli (@nickgerli1) August 11, 2023