Real Estate Info-marketer who have been or currently still taking part in a product launch or the promotion of “Mortgage Assignments / Subject to Financing” can be considered Racketeers . Racketeering is the act of operating any scheme in order to make a profit, perpetrated by a structured group ! The product launch for Mortgage Assignments was a highly organized “event” for promoter to profit from putting real estate investors into a position that would endanger them legally. Touting Mortgage Assignments as the latest way to get rich quick, fast money,under the guise of a scheme that is mail, wire, mortgage and insurance fraud!
Racketeering encompasses fraud against businesses or individuals. Governments can be victimized by racketeering and Racketeering does cover actions of legitimate businesses.
What I see is those that are promoting this are now out in the open as either uneducated in real estate, or simply “Info-marketers” who have no concern over your success.
In another example with Karen Hanover, info marketers had explained their ignorance on the fact that Karen Hanover presented false credential to them.. Ok.. so they did not do a back ground check… HOWEVER with Mortgage Assignment/Subject to Financing. they should know better. Simply going off the word of the promoters “title attorney” and one info marketer who has an law degree that has not been used in years.. is not sufficient to base a decision on. These guys are profit motivated. They could care less about you!
Stick to the legal ways to do real estate investing. Ignore HYPE of any new product launch. If its to good to be true.. it is.
Please don’t tell me that just because you wrote a “disclosure” letter that its legal. It does not work that way!
If you have received any email from anyone promoting Mortgage Assignment/Subject to Financing, please post their name on this post, so others can be warned that they are scammers!!