Magnetic Real Estate Leads
Real Estate Time BOMB. Foreclosures and the Collapse of the Real Estate Market
Mar 23 2010
Posted by Greg Reed as Article Writing
Add me as a friend on Facebook! www.facebook.com Get DAILY growby10 Updates on Twitter! twitter.com Support this Channel: Subscribe & Comment. Thank you all! What I learned today will have devastating ramification for the real estate marketing and in turn the entire financial and stock market and the broader economy as a whole. If true…our real estate fate is seal. There will be more housing and real estate foreclosure carnage ahead. The road is long. Prepare yourself and protect your family from this coming economic catastrophe. PLEASE RATE, LINK, SHARE and SPREAD the word so others can learn about the real nature of our real estate and economic crisis. Don’t be a sponge to the talking heads that spew only that which benefits them and their bosses. Wake up! ======================================== From LA Times: Bulk of bank-owned homes aren’t even on the market yet “Banks to unleash flood of reos” at Inman News looks at the effect of foreclosures on the housing market this year: Inventories of unsold homes are likely to swell in coming months as lenders begin to push a growing backlog of repossessed homes up for sale — often in communities already awash in distressed properties…. Because it can take weeks or months for lenders to put repossessed homes on the market, the impact of real estate-owned (REO) properties on inventories lags behind foreclosures. Government efforts to recapitalize banks through the Troubled Asset Relief Program (TARP) and other bailout …
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25 Responses
Comment by DirtyVegas7
March 23, 2010 at 2:01 am
Proof of this…my sister hasn’t paid her mortgage in 10 months because she is underwater and Chase bank hasn’t foreclosed yet.
WHY…Because of the very things talked about in this video.
They need houses off the market so they can try and stabilize the housing market but their is no stabilizing this. I feel for my sister but I just don’t have 150k
Comment by FireFlyF111
March 23, 2010 at 2:06 am
The real estate agents only wanted to make money and did not care about putting people in a future bind. The buyers did not think about what would happen if the bubble bursts. But it is not right that the govt bailout did not allow for home owners to refinance at the current market value. Thank Obama for that. He could have prevented the entire forclosure mess but did not as he needs to make his jewish banker friends more money. Thats hope and change shit for you.
Comment by BourneAccident
March 23, 2010 at 2:53 am
Simply put… The Fed’s contraction of our US money supply has caused inflation burst. What does that mean? It means that anyone overleveraged, will lose their resources to the economic powers that be. It’s just part of economic slavery and part of our “boom to bust” cyclical debt based monetary policy in our country.
Personally, I have been “on to it” for several years. Live, learn, and “trim your sails to fit the breeze”…
Comment by carp1844
March 23, 2010 at 3:19 am
I think the time has come to stop calling this a recession and start calling this a depression. The media is not in charge of calling this what it is. The situation determines what it should be called and the situation mirrors a DEPRESSION. The media will probably start calling 30% unemployment a hyper recession. Why are they so afraid of the letter D. It is what it is. We must get past the denial stage if recovery is to take shape.
Comment by rrodri4892
March 23, 2010 at 3:27 am
Very informative video. I have been getting some interesting information that the Commercial Real-Estate Market(next shoe to drop) is about to come down heavy on the banks balance sheets. This will trigger a mini depression….!
Comment by 407buddy
March 23, 2010 at 3:36 am
Sorry folks, you have been had, peed on, scammed and lied to.
WallStreet bailouts were rigged and a fraud, market manipulations,
high freqency trading, flash orders, naked short selling by:
Goldman, JPM, Cit, MorgStanley, Aig, stay away from this scum.
The Fed, Comex, ETF’s, Govt data: frauds. Your labor devalued to Zero.
Pull your money out, walk away from your mortgage and CC card debt,
We can beat them at their own game, buy pure silver bullion,
buy local mom and pop. Starve The Beast!
Comment by cg7seas
March 23, 2010 at 3:45 am
what will be the trigger that forces banks to list on the MLS those foreclosed homes that they are currently sitting on??
Comment by shazam20007
March 23, 2010 at 4:18 am
yes ! that is the nature of toxic debts – they poison the system maybe to terminus
Comment by EliyahMessageTime
March 23, 2010 at 4:45 am
This will bring in the “need” for martial law. The borrowers will pay a price they never thought would happen. As civilization breaks down, and crime goes up, make sure you are on the dictatorial government side, or you will pay big time. Join the national home-land military, or you will be a ‘terrorist’, and pay the price of one. I know this sounds bizarre, however, depopulation, and racial war is at the actual heart of the goals that have caused this to happen.
“keeping up w the jones’”
Comment by EliyahMessageTime
March 23, 2010 at 5:17 am
The GOAL was to consolidate the banking industry into a handful of large banks. I strongly suggest ALL search ‘bankrate.c’ or other rating sites. My previous bank was a one star, the lowest rating.
Real Estate in this area is in freefall. NOW CONSIDER HOW ANGRY I AM, and who I blame. I do not believe in borrowing money. I see it as a sin. Paying usury (interest) is a sin punishable by death in Scripture. I own real estate in three states. Because of borrowers, I suffer loss.
Comment by exmiles
March 23, 2010 at 5:43 am
Q3 GDP showed +3,5% of groth.
32% Cash for Clunkers
27% Inventory
17% household
13% Government
so on…
Does these 27% inventory “private investiment” has something to do with the 70% foreclosures out of the MSL lists?
If so… Does that mean we are dommed? Is this Big Weapon of Mass Destruction Bubble going to explode soon!
Thanks!
Comment by ryphil4
March 23, 2010 at 6:14 am
Most banks are insolvent… without Gov intervention there would be no assets and they would be belly up..Thats not economics 101..Thats bullshit.. the banks will get whats coming to them one way or another..I will not buy a house until the tax credit is discontinued
Comment by gazoorap
March 23, 2010 at 7:04 am
50 thousand down
will proably buy the house and the house next door
if its in gold you will get the whole block
this is a race to the bottom
Comment by acanthus211
March 23, 2010 at 7:22 am
Would give you 10 thumbs up if allowed. People need to hear the truth in order to make good decisions. People in your position can expose more.
Comment by acanthus211
March 23, 2010 at 7:31 am
Great video–would you please consider updating the information? Thanks for posting this valuable info.
Comment by kotpet
March 23, 2010 at 8:28 am
there is nothing new to this, banks won’t sell assets because at foreclosed prices they loose assets, and become insolvent. economics 101.
Comment by crustyblob
March 23, 2010 at 9:07 am
I serve foreclosure summonses is NJ. It has been obvious to me the banks are not listing these foreclosures via MLS listings. Good information! Thanks for exposing this!
Comment by damnright4
March 23, 2010 at 9:21 am
This is a fact. They are called shadow inventory…A huge surplus kept off the market for the benifit of the banks…Thats ok.. another huge wave of forclosures on the way.. my message to Bankers.. Nice Job Dick Heads!!! You will open the flood gates …sooner or later..meanwhile I will sit on the fence with my $50,000 down payment…Bankers and Realtors ..EAT IT!!
Comment by penna479
March 23, 2010 at 10:18 am
great video great info
Comment by smcuriel
March 23, 2010 at 11:13 am
how current is this?
Comment by Epicuree
March 23, 2010 at 11:20 am
I fear the US got a loooong way to recovery, you still float on the dollar but Shiff and Stiglitz is prob right when they say your currency is under trmendous pressure. China cant afford to pull out at the moment. I fear china will be dominating together with India and other asian economies. Luckely my country runs large surpluses and is just in a bilatheral trade agreement with EU. What is things switch…dollar fall and equity rise, that would be a downfall with a different dynamic.
Comment by 850T5R
March 23, 2010 at 11:34 am
So many people trashed their houses… Everyone stop making payment to the bank NOW… my condo just bought back by lender, Freddie Mac. this house will be trash. Foreclosure will sustain for a long period. Don’t buy Bank Owned Homes. they put a toilet right in the living room, a junk car in the family room, the house is flooded, the cement down the toilet pipe, will come to youtube soon for you guys to view. DO NOT BUY Foreclosure Homes, REO, Pre forecloser.
Comment by jinha911
March 23, 2010 at 12:12 pm
For all those beginning investors. Get ready to hunt for properties that banks have lost pages on. They will be dirt cheap when market recovers and start to rise. Who knows when that will be.
Comment by cds162
March 23, 2010 at 12:28 pm
this is true,, drive around your hood.. you will see unlived in homes owned by the bank, that are NOT for sale… they are not listed because they can not sell them.. also the more houses on the market.. the lower the selling price…….. this is going to go on for years…
true – defer losses (we had a house in my area sold for under 60K.. others houses are selling for over 300k)
bank holidays are coming…
buy gold and silver before it is too late
Comment by davidshaz20000
March 23, 2010 at 12:54 pm
Recession is artifical creation and Housing Market will go up as few hidden hands start buying homes to make tons of Money when economy start going up!
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