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"I
think I'm an honest pirate. People's distress creates opportunities
for others."
Al
Seastrand told a Sacramento Bee reporter in 1994.
In
1994, the California Legislature had to go into emergency
session to change a loophole in the law that allow Al Seastrand
to walk off with five homes and business for about $2,000.
The
way the scheme worked was that when you were late on your
water assessment bill, the law allowed for investors to
bid on the bill to get your home in case you could not
pay.
Al
Seastrand figured a way to make it impossible for you to
pay the bill so that he would get your home or business. He
placed thousands of dollars on the bill and charge an 18
percent interest.
Sacramento
Bee article below is about how people lost their homes
and or business for water bills as low as $75.
In
the article Seastrand calls himself "an honest pirate," and
says there are no victims. He says people create
problems that open the door for him to take their homes.
When told the Legislature created a law to stop Seastrand,
Seastrand it was, "sinful."
Since
this incident, Seastrand touts himself as a hero that pointed
out the flaw in the water district's collections methods.
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Explore
Related Pages
Others
that came to this page, also found the following pages
helpful:
Disciplining
Al Seastrand
Some
court sanctions and penalties imposed on Al Seastrand for
misconduct, lying, willfully disobeying a court order or
restraining order, etc.
Real
Estate Predators
They
are out there like the Eye of Silron, ever watchful looking
for easy prey.
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