I am curious to see the lenders behind these suspicious “Super Janae’s” sales. My guess is some of the lenders who may know they are going out of business may cut some Super Sweetheart deals with their friends. What do they lose if they lend a friend a million on a property worth half (based on a “friendly” appraisal) and go out of business next week? This was very common with S&Ls towards the end. Millions were loaned out on entirely worthless assets knowing FSLIC/FDIC may come soon. Of course, a few of them went to jail.
