Real Estate Time BOMB. Foreclosures and the Collapse of the Real Estate Market
Posted on January 30, 2009
Filed Under Government Foreclosures |
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!
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From L.A 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 et Relief Program (TARP) and other bailout measures may also have taken some of the heat off of lenders to unload REO properties at fire-sale prices.
But with the emphasis of TARP and other government relief efforts now expected to shift to creating jobs, helping troubled borrowers avoid foreclosure and providing incentives for home buyers, lenders could soon unleash a torrent of real-estate owned, or “REO” properties — even in markets already flooded with an oversupply of homes for sale.
“It’s almost like a tsunami — you can see it coming and you know it’s going to hit but you can’t get out of the way,” said Ann Stickel, vice president of affiliated services with Sarasota, Fla.-based brokerage Michael Saunders & Co.
So how many bank-owned properties aren’t even on the Multiple Listing Service yet? RealtyTrac senior vice president Rick Sharga puts the number at 75%. That’s a lot of houses.
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Tags: “The dollar collapse” “housing crisis” “financial crisis” subprime hyperinflation inflation economy “economic collapse” “stock market” “stock market collapse” “real estate” fed “federal reserve” money “fiat money” gold silver commodities housing bubble 2009 2008 downfall investing for sale training agent agency selling subprime Peter Schiff Jim Rogers Gerald Celente Alex Jones Ben Bernanke
Duration : 0:7:54
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5 Responses to “Real Estate Time BOMB. Foreclosures and the Collapse of the Real Estate Market”
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Let me clear any …
Let me clear any doubt you may have about the stats you mentioned here. Your figures are accurate and have been corroborated by several authoritative sources! Protect your buying power and your ets, buy physical gold and invest outside the dollar!!!
Yep. It’s gonna …
Yep. It’s gonna get a whole lot uglier soon. Just wait until unemployment skyrockets too. We are in for some very scary times. Thanks for the info. Good video.
Wise analysis!!!! …
Wise analysis!!!! The shop named “USA” is to be close it doors. The end! People of America I have one peace of advise for you. Think about your security before your economical personal situation. Your government will soon have a new battle, not in Irak, not in Iran, not in Afganistan, but against its own people. Leave your house adn go in the hills if you want to have a chance, it’s a fair advise, all I hope for you is to deal with these new future events in the best ways. Good luck & Peace
Great video… and …
Great video… and your point about 70% of houses not actually listed yet is stunning. Do you have a link to such info?
The way you utilize music and actually make it a background feature is very impressive. Most folks don’t understand that background music is supposed to remain in the background.
Great video. New …
Great video. New subscriber…