Unscrupulous Builders- The Real Cause for the Real Estate and Sub-prime Mess

As many of you know I have been involved with real estate for many years. It is a shame what is happening to your property values today due to all the bad news regarding the sub prime mess and real estate values. The real cause of what has happened here is not being correctly told you by the media blaming the individual home owner and the banks. It is not the individual seeking to buy a home or the banks that ultimately caused this problem.

Upon investigation it will be found fraudulent builders intentionally misrepresented themselves with Federal Banks in order to get their funding for projects. Had the builders not been fraudulent and not misrepresented themselves on loan applications the banks would never have provided them funding and their projects would not have been built. I know because I have done millions of dollars of loans with banks and knows what is required to get a loan done.

Had these criminals not employed fraud to receive their funding, we would not have an oversupply situation, there would not be hundreds of billions of dollars being written off by great institutions and your real estate values would not be going down.

This is not a conspiracy story. I know how they did it, the deceptions they used, and I want this story told.