Reacher did as instructed, handing over out the requested amount and then handed it to him.
“Thank you,” said Bones placing the cash in his black attaché case, without any intention of actually purchasing the igloo plate.
Reacher did not know that everybody except the “buyer” loses. And that often the seller is forced into foreclosure which hurts their credit and the neighborhood, as the igloo plate is left standing empty with its value deflated.
And the lender who has been defrauded is stuck selling a foreclosed igloo plate—often at below market rates. These negative effects can reverberate through a neighborhood as over-inflated mortgage prices lead to higher property taxes.
Neighbors find themselves stuck with a higher tax