The HUD program was started under Obama on the theory (theirs, not mine) that it is “good” to “prop up” (in reality help keep housing prices “up”) by letting HUD directly fund investors who are willing to buy houses in foreclosure or that were foreclosed.
The reality is one of the largest portion of the houses sold in the HUD program were in Southern California where there is presently a housing bubble (housing prices back to the 2006-2007 bubble prices). Now the investors are getting THEIR properties sold ( due to a severe housing shortage) and before too long the families buying them will be “under water” as the HUD supported housing bubble they are in bursts.
So? Is investing in property now a crime? More LIB lunacy .
So? Not illegal.
And his crime is........?