Update from the Foreclosure-Based Economy 0
The benefits of foreclosures are oft understated. They can create and fund entire departments full of jobs. The Denver Post reports:
The public trustee system has generated huge profits by charging the public more than what’s needed to actually run its offices, according to financial documents provided by several counties and reviewed by The Denver Post.
What’s more, each trustee office has generated so much money that it has a bank account set aside with enough funds to maintain the office for a whole year — salaries included — in the unlikely event that not a single foreclosure gets filed.
More examples of lien largesse at the link.
