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...


Read more at The Seattle Times

Leave a Reply

Your email address will not be published. Required fields are marked *