Mansion squatters return in a big way

Okay… gang.  Don’t expect SREC to produce a course on this topic “How to Get a Million Dollar Home by Squatting.”


People are attempting to lay claim to foreclosed property by simply moving in.  Now I’ve heard of people moving into properties in pre-foreclosure as a way to save a dime until the house goes to auction, but this takes it to a whole new level!


But should we be surprised?  Just last year Wells Fargo made national news for an executive who moved into a 15 million dollar home in Malibu and threw lavish parties –– AFTER the original homeowners were forced out because they defaulted on their loan!


I guess if the big boys can do it, regular people can try…


~josh


Read more at The Seattle Times

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