Whether it’s dealing with difficult tenants, endless paperwork, chasing contractors, or the emotional rollercoaster of deals falling apart at the last minute, there’s always something that makes you question your sanity.Real estate also isn’t a get-rich-quick scheme.

So, to no surprise, CA is doing exactly none of your private property taking schemes John. https://www.gov.ca.gov/2025/01/13/governor-newsom-proposes-b...CA is doing the only viable option they have, fast tracking reconstruction of what was.

A scheme to fluff an investment segment to have a "free-pass" on profits, as much as my greedy devil on shoulder would love that, my thinking half knows that every time anything of the sort has been effected really bad consequences followed.

Here are some of the chargesBuying foreclosuresFalse & Misleading StatementsUsing Invalid ContractsExploitation of Vulnerable AdultsBankruptcy FraudProbate Court FraudTitle FraudUnlawful EvictionViolation of Consumer Fraud ActViolation of Consumer Fraud Act RecruitingViolation of Consumer Fraud Act OmissionsViolation of Consumer Fraud Void ContractsViolation of Consumer Fraud Foreclosure ConsultantsViolation of Consumer Fraud Unauthorized Practice of LawRacketeering - Scheme or Artifice to DefraudRacketeering - ForgeryRacketeering – Illegally Conducting an EnterpriseAlter EgoLis PendensAll parties are assumed innocent until proven guilty in a court of law I am sure if you searched some of my prior posts I have been warning people about approaching people in foreclosure claiming to "help them" by taking advantage of them, even if you were trying to do the right thing, it does not matter in many instances as you may be perceived of taking advantage of someone in distress.I would also bet a very large sum of money we are going to see more of this occur just like we did ten years ago with CFD's getting into legal hot water, especailly as market softens and foreclosures start to ramp back up.Here is link to a summary of article:Attorney General Mayes Sues Real Estate Operators and Title Companies for Defrauding Arizona Homeowners | Arizona Attorney GeneralSubTo, Subject To, Foreclosure Yep.

Quote from @Jesse LeBlanc: @Jay Hinrichs I know you'll see this soon, might as well tag you ;)  good work naming names is the only way to protect the public.. these schemes have been going on for years..

Equity stripping, or equity skimming, is a type of real estate fraud scheme.

When you make unfounded claims about fraud, incels, or Ponzi schemes, it reflects more on your lack of understanding than on the integrity of the Gator Method or its community.

They can also file federal racketeering charges under RICO (the Racketeer Influenced and Corrupt Organizations Act), especially in cases involving large-scale mortgage fraud schemes.(18 U.S.C. §§ 1014, 1341, 1343, 1349 (2024).)Loan application fraud statutes carry up to 30 years of prison time and $1,000,000 in fines.

A creator of PONZI Scheme. 

Rather than congress, I'd blame the California government's insane insurance scheme.