The Soap Opera At Soap Lake Washington Continues as Rumored Billionaire Gabor S. Acs Moves to Bremerton
Currently throughout the Pacific Northwest, United States of America and Western Canada, land prices are falling very quickly and farm and rural agrarian areas, regions, towns, townships, counties, and states are succumbing to an overwhelming and accelerating rate of home, property, and farm foreclosures.
This is part and parcel to the multi-trillion dollar transfer of wealth that is sweeping the country and the planet. Banks and bankers and their lawyers continue to ply their trade, taking back properties through foreclosure actions but a groundswell of local and international support is on the way.
Many speculators who have had the cash, along with the effective financing financial capabilities are still waiting on the sidelines while prices for oil, food and other basic commodities including precious metals are taking an inflationary spiral higher and higher. The cost of owning and maintaining land and their improvements is skyrocketing forcing even more foreclosures than ever.
Playing this real estate market and picking up foreclosed, and tax sale properties for pennies on the dollar and in some circumstances simply taking over properties, is still a risky proposition.
Take for example the purchase of a property in Soap Lake, Washington by the Infinite Freedom Foundation in 2009 for a penny.
The non-profit took title to the property for One Cent, love and affection by Quitclaim Deed and then the Grant County Treasurer sent both the company and the former owner a property transfer tax bill of over $3,000.00.
The Foundation had offered Bank of America twenty five thousand dollars for the property which was being foreclosed on a seventy thousand dollar balance owing on an original note signed for sixty thousand, and when it refused the offer, the Foundation filed suit in Grant County Superior Court to prove that the Bank had a right to foreclose.
Instead of producing the note Bank of America colluded with another bank and sidestepped the lawsuit by having sold the note secured by the property to U.S. Bank. U.S. Bank then foreclosed on the property located at 117 North Fern Street in Soap Lake, Washington.
The Mayor of Soap Lake bought the property from ABC Properties for $30,000. Now after fixing up the property and putting it back on the market the Mayor is about to lose not only his own shirt, but his own waterfront property as a lawsuit is being drafted and filed in Federal District Court naming the Mayor as a criminal corrupt money laundering blind cancer ridden alcoholic whose greed has forced more than one tenant and homeowner out of Soap Lake during the past five years as part of a pattern of racketeering using the corrupt government of Soap Lake for tax evasion purposes and illicit activities.
No one has even looked at making an offer on the property which the Mayor thinks he will get $74,000 for if some sucker comes along and is hoodwinked by the still inflated prices for property in Soap Lake.
Les Parr Real Estate owned by Frederich Slough who owns the brick built house next door is also being named in the lawsuit as a Defendant in the legal action being filed in Federal District Court in Seattle.
There is a small group of investors and land owners in Soap Lake who have come up with a Farm & Breakfast plan involving the securing of the title under a Farm & Breakfast LLC for one or more properties with adequate already installed wells with flat yet, fertile farm land capable of supporting many raised bed organic heirloom seed farm systems on each property.
Beware of this scam. The seeds may not be sproutable and even the best experts know that vegetables planted without irrigation will not grow in the Grant County Desert.
The purported object of this plan is to take advantage of the current drop in land and property prices and to also invent with innovation and creative architecture and marketing a business plan to quickly participate in what appears to be a transcending key public organic agricultural sector that can now be integrated with localized farming and incorporated with overnight accommodations.
There is a key element to successful investing and vulture capitalism and that is “never catch a falling knife”.
In other words, only fools would invest in a falling market that has not yet hit bottom as more than twenty banks are still in financial trouble in Washington State despite all the political rhetoric about recoveries and the government backed hype and hoopla about the economy in the Northwest and Western Canada.
The level of corruption behind the promoters of real estate investment scams and in this particular market is about to transcend the imagination. Touting Fifty Thousand Dollar Yields per acre, the guy that started the scam by selling the heirloom seeds has already disappeared and no one knows how much money he already got away with.
And we now have it on good word from prominent banking intelligence sources that Gabor S. Acs, the rumored Hungarian Billionaire financier who lived in Soap Lake for two years has disappeared, having popped up in Bremerton, Washington to work on a software project that will launch the origination, processing and underwriting of more than a billion dollars worth of zero interest mortgages which will force those banks who do not participate in the secondary market being developed for the product out of business and shut down by regulators and market forces.
Copyright 2011 by the Infinite Freedom Foundations of Earth. All World Rights Reserved.
