Wednesday, February 27, 2008

Joe Lents

Joe Lents, House Owner Renter Buyer ... ?
I'm not sure what this guy is, besides a total SOB, in my opinion. This story bothered me from the moment I read it, but after reading Calculated Risk's summary and research associated with this character, he has truly earned a spot here. He has also been blogged about at and Exurbannation, among others. The Calculated Risk article is worth reading. Why does it seem that the majority of people speaking to the mainstream media, shouldn't be speaking to the MSM.

2008-02-26: Lost Home Note (from Calculated Risk)
Lents is former CEO of Investco Inc., a Boca Raton, Florida-based developer of voice recognition software. In 2002, the U.S. Securities and Exchange Commission sanctioned Lents and others for stock manipulation, according to the SEC Web site. He lost his job, was fined and his assets were frozen. That's the reason he couldn't pay his mortgage, he said.

2008-02-22: Deadbeat Homeowners
Feb. 22 (Bloomberg) -- Joe Lents hasn't made a payment on his $1.5 million mortgage since 2002.

"If you're going to take my house away from me, you better own the note,'' said Lents, 63, the former chief executive officer of a now-defunct voice recognition software company.

1 comment:

Lando said...

This guy is a Hero and has nothing to do with the Housing bubble. Three cheers for the little Guy!