The Texas Foreclosure Zone: Why is Rep. Congressman Marchant (District 24) worth $14m yet so Secretive?

We all know that former Governor Rick Perry sold out Texas to the Banking and Servicing industry by cash incentives to relocate to what is now the “Foreclosure Zone” of Texas, e.g. Addison, Coppell, Dallas, and Ft Worth areas.

A little look into the net worth of Marchant is rather concerning. Here’s a Cowboy that is showing a great interest in talking to Real Estate Investment Trust companies in the area (REITs) and that is synonymous with the financial crisis of 2008.

If you’re a real estate investor, you’d be crying for the past decade.

However, if you’re dancing with the wolves, entertaining the likes of REITs, who need Congressmen like Marchant to help pass legislation and bills to aid their gains e.g. giving more relief and assistance to  affiliated banking industry companies, like mortgage servicers in the Foreclosure Zone – then you’re more likely to have made a lot of cash from your constituents.

Your local area constituents, who were most likely evicted as a result of the expedited foreclosure legislation you helped push through the house, from their homestead to the sidewalk – like it was trash collection day.

Another clue is the fact Marchant is so secretive with his office hard to locate, unmarked and unwelcoming. Foreclosure mills are known to hide themselves from the public as they go about their eviction deeds. Now we have a Texas Congressman acting the same way…..

REIT welcomings;

CyrusOne is headquartered in Carrolton, TX

The Secretive Congressman Marchant;

Watchdog investigates the case of the disappearing congressman: Kenny Marchant, phone home

REIT welcomings;

REITs in the Community: Capstead Mortgage Company Visits Rep. Marchant

Financial Data:

credit: Texas Tribune