Read Lords of Finance - gives a real good foreshadowing of what is to come - unemployment being high is the only thing which is saving us from stepping over the precipice to inflation and hyperinflation with the volume of $ printed and dumped into this festering economy right now - and Wall Street continues to go up, up... up ?
I witnessed the coming of the depression, although already in accelerated motion, yesterday. A condominium was shut down by the local police force because the HOA had not paid the electric and water bills. They condemned the condo and every occupant was literally thrown out into the street including a mother and her 2 week old baby. The depression is here and you better get your head out of the sand. MOT has been correct from day one.
A customer from the county on the northside of the golden gate says that many of her high-end friends that own as many as ten homes are not paying the mortgage and living in one until they get kicked out, then move to another. She has never lied to me before, so I wonder what is up with this?
I know we won't hear anything about this in the mainstream media. I can't verify it as truth, but my customer is a self-employed writer/ head hunter who says she hasn't any work. I am her handyman. I work about 1 day every three months for her. I could use a one day job this week to help pay my mortgage-- or should I start thinking like a Marinite?
same situation....get an attorney..to much corruption in the paper system and mers...fight these jags. F@#k Chase and all the other banks.. They make way more on foreclosing then modification. thanks to the bailout to AIG and big banks.The Gov allowed this because all there buds (big banks ) were making huge money...and now with the biggest financial heist in American history they have hedged there bets and made money on the bailouts. For the people by the people.nope. For the Gov. by big bus
same situation....get an attorney..to much corruption in the paper system and mers...fight these jags. F@#k Chase and all the other banks.. They make way more on foreclosing then modification. thanks to the bailout to AIG and big banks.The Gov allowed this because all there buds (big banks ) were making huge money...and now with the biggest financial heist in American history they have hedged there bets and made money on the bailouts. For the people by the people.nope. For the Gov. by
If that bill passes let there be hell in the streets....Bail out 1 and 2 against the people and now this.... When are there going to be people rising up is the question ....nothing will change unless people ban together... We are there puppets. Gov. has all the checks and balances on us where the fU%# is our checks and balances on them especially on bail out 1 and 2. closed door meetings..lol Wake up America
@rbrouwer5 Hi wer5, Our only check and balance against them is to use an alternate monetary system such as silver. It keeps them out of our pocket and it's a form of passive non-participation in their fraudulent paper system. Plus we don't need their permission to do it ! They hate it because it exposes their fraud and makes us independent. There is no law that says we must use Fed.Res. notes. We can vote them of the island just by adapting to a different monetary system.
same situation....get an attorney..to much corruption in the paper system and mers...fight these jags. F@#k Chase and all the other banks.. They make way more on foreclosing then modification. thanks to the bailout to AIG and big banks.The Gov allowed this because all there buds (big banks ) were making huge money...and now with the biggest financial heist in American history they have hedged there bets and made money on the bailouts. For the people by the people.nope For the Gov. by big bus.
so what the hell is the incentive to continue paying the mortgage then
there has to be some re purcussins for people or it will be total anarchy in the housing market...it s till a good time to be in business though i don t see any collapse in the uk theres lots of spending power here...what is the problem nothing has changed
After the republicans get elected, they will foreclose with a vengeance and the democrats will say see...when you elected these guys this is what happened. It is just on hold for now.
This also took place in the great depression, so we are seeing some interesting parallels in our own era. Politicians are now trying to hold the car together for a few more years. Folks, we need a complete overhaul because the engine is gone.
@paxout The more I read the comments, the more I see that we are at the gate of something very similar to a place called HELL. If not already within the limits of this place. The worst part is that we don't know where this economic situation is going to lead us, there are no clues, it is extremely terrifying. There is unbelieveable fraud and it is ALL they are managing right now. You have to be mad to allow the same people to occupy this Congress in November. WE NEED NEW LEADERSHIP, NOW!
So are we going into the deflation period now followed by a possible inflation?? What does everyone think? Also would this mean that real estate prices will stay even or go up as there won't be as many homes for sale?
@oldwarhorse1865 There is going to have to be something much bigger than Nov 2010 election to set things straight. There are decades of disastrous policy to undo and a broken mind of society to fix.
MOT great video, I am dealing with this in Florida. The banksters got bailed out with taxpayer money and now it's coming back to haunt them. Profits from foreclosures has been big for banks, looks like they have lost that revenue stream for the time.
They are stopping foreclosures because most are illegal. People who cannot see their original morgage and loan payments are paid in full! They just need to get quitclaims. The foreclosure fraud is shocking. All these people are homeless and just accepted it! Even as a 10-year old I would have made an appointment with my banker and asked to review things! Missing info? No banker? NO DEBT. Love to you from France. Uprated and widely shared. ACCOUNTING 101 you must see on Dailymotion!
@watcher0777 if you pump poo in the front of a pipe will poo come out the other end? depends on how much poo you have, subprime poo was abundant and still has a ways to flow. prosper the fraud and be ???? stay tuned!!
2:09 obama has a bill? what are you talking about? it is so tiresome when intelligent educated people state false info. me ged get it a simple man. 1st the bill came out of the house in march or so two times to senate that had it sitting in the senate judicial commitee, suddenly out of nowhere just as this dominoe to destruction in the finance mortgage industry aimed at the zombie banks the senate votes on and passes unanimously this bill before adjurnment of the senate, obama pocket vetoed.
@watcher0777 pt 2 now dennenger says it is a trick, check him and stay tuned. love you mott, stay true and thanks for pissing me off some more, it's cool not really pissed just pissy. lol
Hypothetical thinking? If I was in a home and was close to foreclosure, but suddenly won the lottery and I still want the house and decided to close-it out and pay in full? Would they produce a fake title of ownership? ? ?
I worked for a company that dealt with HUD and foreclosures. Man, it's bad. Chicago is getting slammed and of course on the south side. It was bad and the West coast is starting to catch up.
I am a handyman. I fix things that are broken. I can also create wealth, but few have eyes to see this. My customer who has given me just enough work to squeak by is canceling any more until after the election. I don't know how we will make it two months on a deli worker's pay.
No one ever asks me how I can make wealth for them. B of A owns my mortgage.
This move is a political fig leaf for Obama. He gets to look like he helps the people and the banks get to postpone acquisition of even more property they don't want to hit the market because if it did it would cause RE prices to drop off a cliff and kill the value of their portfolio. It is definitely not because he is working for the people because everything else both administrations have done have benefited the banks and the Fed.
greed & more greed. there are 2 investments that i know will be the best very soon. a close and personal relationship with our Lord and Saviour. 2- food and physical supplies. amazing, everyones still so concerned about their $ and makin a buck! folks, the 2nd coming is rapidly approaching. stop worrying and caring about $ and your stuff (and getting more) God $ food etc are your greatest investment . stop following the sheeple and the world to the slaughter its a trap get food now!
Elections are moving money. Basically, people are now asking me if they should leave america. This is scary. Brent, things are getting worse. There is not recovery.
@xlvba Kinda of ironic people have been whining and complaining about Mexican and other Immigrants in the US and now a lot of Americans will find themselves in the shoes of dare I say Mexicans? No job and trying to find a country that wants unemployed Americans, Good Luck!
...after close inspection this is the can that got kicked down the road in 2008...same result, bail out the sinking ship as the water is coming in faster...the can now says 2010 and it will get kicked again...the question is whether it is kicked sideways or down...hmnn...makes me wonder...talking tariffs now are they? or is the alphabet letters of credit soup bowl empty?
Wouldn't these banks go under if they actually recognized all their losses? A nice delaying tactic maybe? The can gets kicked further down the road...for now. But I suppose they'll keep taking all their bonuses in the mean time.
All that bad news recently about record numbers of foreclosures being filed, and this after these big banks were bailed out with taxpayer money. Now they're 'worried about the validity of the paperwork' therefore a moratorium on following through on the forclosures? I dunno, sounds a bit fishy to me. Whats the real story? Time to follow the money. Elections coming up.
I appreciate your videos and informing people of what is ahead. It's just begun, imo. It may take a wheelbarrow of money to buy a loaf of bread. Thanks and God bless.
Good. Didn't the Banks already get paid for these mortgages in the bailout anyway? Give all these homeowners a satisfaction piece and free and clear title to their property. It's the right thing to do.
It was a knee jerk reaction by BofA to prevent the gov. from jumping down their throat about mishandling the foreclosure process. They are being pro-active. It has alot to do with a state being judicial or non-judicial in their foreclosure process. You watch in a week the will resume foreclosures in probably 2/3 of the states
hey MOT I heard about this today while driving around. Thing is the media is not digging into this. There is a reason B of A did this. There will be a result. So far you are the first to talk about it for more than a blurb. Thanks
Thanks for the news Brent. In Australia we have had lots of talk of the reserve bank of Australia raising interest rates but as each month goes by the forcasters are wrong and the rate stays the same. I believe that the Australian retail sector is in real trouble and after poor chrismas sales all the economic rot will be made public. And i believe this is when Australia will start its own round of inflation.
The servicer who is filing the foreclosure has no legal standing to foreclose. No Title. The loan orignator, if they are still in business, has no right to foreclosure because they Securitized the loan. Clouded Title. They would have to track down the CDO investor, who was made whole by the derivative contract. If the origanal note hasn't been chopped up into a 1000 pieces, maybe they have a chance, but then there's a REMIC, IRS issue still. Free House, Clear Title.
No matter what happens, I can guarantee you my investment in SRS will continue on it's way to zero and REIT's will continue to rally. I have come to accept it.
Damn, wait until 1-2 years. the biggest opportunities for investors for real estate will be huge. There would be more of an opportunity, prepare yourself in investing! Change your mindset, stop preparing to be poor.
@charlesfuchs Hey Charles. Facing the truth is where it is at. If you invest in general real estate in the US you will get crushed. I warned 3 years ago and I am warning again. My mindset is happy with reality
@manoftruth So how much further do you think home prices will fall? I know TONS of people that bought in the last year and are in complete denial about lower prices. I see a 40% collapse in prices nationally by the time it bottoms.
@manoftruth I hear ya, interest rates will be at %3 next year and houses in vegas for 2000 sq are going for under 50k right now. Hmmmm Good deals or just live in fear, Got to invest in a few years, play into the system they give you or you can just work for the system. That is the real truth. Numbers are truth. Too many people work all day and live in fear. Change your mindset guys, you can be whatever you want your future to be. Live freee and be happy.
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visit my channel!
FatReleaseSystem 11 months ago
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simplechocolatediet 11 months ago
HELL NO ITS A FKING LIE, THEY DIDNT HALT FORECLOSURE, THEY STILL FORECLOSING ON ME.
louwio 1 year ago
Read Lords of Finance - gives a real good foreshadowing of what is to come - unemployment being high is the only thing which is saving us from stepping over the precipice to inflation and hyperinflation with the volume of $ printed and dumped into this festering economy right now - and Wall Street continues to go up, up... up ?
spinninfree 1 year ago
I witnessed the coming of the depression, although already in accelerated motion, yesterday. A condominium was shut down by the local police force because the HOA had not paid the electric and water bills. They condemned the condo and every occupant was literally thrown out into the street including a mother and her 2 week old baby. The depression is here and you better get your head out of the sand. MOT has been correct from day one.
moissanitestar 1 year ago
"the depression is in place", "it's very grim", "i try to look for the good, i try to be positive, so i'm positive"
sfiorare 1 year ago
hmmmmmm, I wonder what their up to now? What ever it is, it can't be good!!! Beautiful scenery...God Bless and keep safe out there.... SidewinderFF
Hawklynn 1 year ago
God, gold and guns!!
electriman77 1 year ago
I feel things are gonna get way worse.
hdrmax 1 year ago
@hdrmax Your feelings are very correct.
manoftruth 1 year ago
Comment removed
carefulcarpenter 1 year ago
A customer from the county on the northside of the golden gate says that many of her high-end friends that own as many as ten homes are not paying the mortgage and living in one until they get kicked out, then move to another. She has never lied to me before, so I wonder what is up with this?
carefulcarpenter 1 year ago
@carefulcarpenter depression (economic) that many people don't see yet.
manoftruth 1 year ago
@manoftruth
I know we won't hear anything about this in the mainstream media. I can't verify it as truth, but my customer is a self-employed writer/ head hunter who says she hasn't any work. I am her handyman. I work about 1 day every three months for her. I could use a one day job this week to help pay my mortgage-- or should I start thinking like a Marinite?
carefulcarpenter 1 year ago
Comment removed
carefulcarpenter 1 year ago
stop paying your morgage they can't take your house
crogsvien 1 year ago
@crogsvien yep, that is the latest....for now
manoftruth 1 year ago
they haulted it because they are expecting the govt to inflate ?
orangedac 1 year ago
@orangedac Good point, thanks for bringing it up.
manoftruth 1 year ago
same situation....get an attorney..to much corruption in the paper system and mers...fight these jags. F@#k Chase and all the other banks.. They make way more on foreclosing then modification. thanks to the bailout to AIG and big banks.The Gov allowed this because all there buds (big banks ) were making huge money...and now with the biggest financial heist in American history they have hedged there bets and made money on the bailouts. For the people by the people.nope. For the Gov. by big bus
rbrouwer5 1 year ago
@rbrouwer5 Very astute statement. Thanks
manoftruth 1 year ago
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same situation....get an attorney..to much corruption in the paper system and mers...fight these jags. F@#k Chase and all the other banks.. They make way more on foreclosing then modification. thanks to the bailout to AIG and big banks.The Gov allowed this because all there buds (big banks ) were making huge money...and now with the biggest financial heist in American history they have hedged there bets and made money on the bailouts. For the people by the people.nope. For the Gov. by
rbrouwer5 1 year ago
If that bill passes let there be hell in the streets....Bail out 1 and 2 against the people and now this.... When are there going to be people rising up is the question ....nothing will change unless people ban together... We are there puppets. Gov. has all the checks and balances on us where the fU%# is our checks and balances on them especially on bail out 1 and 2. closed door meetings..lol Wake up America
rbrouwer5 1 year ago
@rbrouwer5 Hi wer5, Our only check and balance against them is to use an alternate monetary system such as silver. It keeps them out of our pocket and it's a form of passive non-participation in their fraudulent paper system. Plus we don't need their permission to do it ! They hate it because it exposes their fraud and makes us independent. There is no law that says we must use Fed.Res. notes. We can vote them of the island just by adapting to a different monetary system.
silveraspenleaf 1 year ago
@silveraspenleaf P.S. It will be coming to this (currency collapse) anyway. Might as well get used to it ahead of time. Get silver.....
silveraspenleaf 1 year ago
@silveraspenleaf Amen
manoftruth 1 year ago
same situation....get an attorney..to much corruption in the paper system and mers...fight these jags. F@#k Chase and all the other banks.. They make way more on foreclosing then modification. thanks to the bailout to AIG and big banks.The Gov allowed this because all there buds (big banks ) were making huge money...and now with the biggest financial heist in American history they have hedged there bets and made money on the bailouts. For the people by the people.nope For the Gov. by big bus.
rbrouwer5 1 year ago
so what the hell is the incentive to continue paying the mortgage then
there has to be some re purcussins for people or it will be total anarchy in the housing market...it s till a good time to be in business though i don t see any collapse in the uk theres lots of spending power here...what is the problem nothing has changed
redline601 1 year ago
so what the hell is the incentive to continue paying the mortgage then
there has to be some re purcussins for people or it will be total anarchy in the housing market...
redline601 1 year ago
The coming great Third World War is about to unfold on the world stage.It will render all of your economic and financial observations mute.Sorry MOT.
GirlFromIpanema1966 1 year ago
Real nice report MoT. I think your analysis is right on. Have fun in SF.
mja2035 1 year ago
Rock on MOT !!
john4951 1 year ago
MoT when you come to Europe you have to visit Stuttgart , would be amazing to see you there. Blessings
jetztisfeierabend 1 year ago
After the republicans get elected, they will foreclose with a vengeance and the democrats will say see...when you elected these guys this is what happened. It is just on hold for now.
FGsltw2009 1 year ago
This will only be temporary...BofA will foreclose on all properties eventually right or will these home owners get their homes for free?
audrapriscilla 1 year ago
hey mot will you possibly consider doing a review for michael savage's new book 'trickle up poverty' ?
MichaelSavage4Prez 1 year ago
This also took place in the great depression, so we are seeing some interesting parallels in our own era. Politicians are now trying to hold the car together for a few more years. Folks, we need a complete overhaul because the engine is gone.
paxout 1 year ago
@paxout The more I read the comments, the more I see that we are at the gate of something very similar to a place called HELL. If not already within the limits of this place. The worst part is that we don't know where this economic situation is going to lead us, there are no clues, it is extremely terrifying. There is unbelieveable fraud and it is ALL they are managing right now. You have to be mad to allow the same people to occupy this Congress in November. WE NEED NEW LEADERSHIP, NOW!
curiousEGM 1 year ago
So are we going into the deflation period now followed by a possible inflation?? What does everyone think? Also would this mean that real estate prices will stay even or go up as there won't be as many homes for sale?
charronfamilyconnect 1 year ago
I wish we can get some real Americans in DC this Nov. instead of those corporate front people!
oldwarhorse1865 1 year ago
@oldwarhorse1865 There is going to have to be something much bigger than Nov 2010 election to set things straight. There are decades of disastrous policy to undo and a broken mind of society to fix.
nextdimensions 1 year ago
@nextdimensions I wish I could say I disagree. But I wont because I do agree with you.I'm not really optimistic either.
Those who make peaceful revolution impossible, make violent revolution inevitable!
JFK
oldwarhorse1865 1 year ago
@oldwarhorse1865 awesome comment
manoftruth 1 year ago
@manoftruth No Man! Awesome video!
ROCK ON DUDE!!!
oldwarhorse1865 1 year ago
Eyes and brains are similar in that some can see well and others can't. Thanks once again MOT for your excellent insight.
davecros 1 year ago
@davecros Dave thank you and thanks for commenting
manoftruth 1 year ago
MOT great video, I am dealing with this in Florida. The banksters got bailed out with taxpayer money and now it's coming back to haunt them. Profits from foreclosures has been big for banks, looks like they have lost that revenue stream for the time.
Fabian4Liberty 1 year ago
They are stopping foreclosures because most are illegal. People who cannot see their original morgage and loan payments are paid in full! They just need to get quitclaims. The foreclosure fraud is shocking. All these people are homeless and just accepted it! Even as a 10-year old I would have made an appointment with my banker and asked to review things! Missing info? No banker? NO DEBT. Love to you from France. Uprated and widely shared. ACCOUNTING 101 you must see on Dailymotion!
slobomotion 1 year ago
the bill will paper over the fraud again, the devils in the details and he loves this bill.
watcher0777 1 year ago
@watcher0777 if you pump poo in the front of a pipe will poo come out the other end? depends on how much poo you have, subprime poo was abundant and still has a ways to flow. prosper the fraud and be ???? stay tuned!!
watcher0777 1 year ago
2:09 obama has a bill? what are you talking about? it is so tiresome when intelligent educated people state false info. me ged get it a simple man. 1st the bill came out of the house in march or so two times to senate that had it sitting in the senate judicial commitee, suddenly out of nowhere just as this dominoe to destruction in the finance mortgage industry aimed at the zombie banks the senate votes on and passes unanimously this bill before adjurnment of the senate, obama pocket vetoed.
watcher0777 1 year ago
@watcher0777 pt 2 now dennenger says it is a trick, check him and stay tuned. love you mott, stay true and thanks for pissing me off some more, it's cool not really pissed just pissy. lol
watcher0777 1 year ago
hey buddy..good to see your spirits up.....take care..
hiphopsocnroc 1 year ago
dude! blue angels were awesome today!
daves4mtb 1 year ago
Hypothetical thinking? If I was in a home and was close to foreclosure, but suddenly won the lottery and I still want the house and decided to close-it out and pay in full? Would they produce a fake title of ownership? ? ?
texture6 1 year ago
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Love u man stay peaceful :)
uncklebuck1 1 year ago
Love u man stay peacef:)
uncklebuck1 1 year ago
I worked for a company that dealt with HUD and foreclosures. Man, it's bad. Chicago is getting slammed and of course on the south side. It was bad and the West coast is starting to catch up.
jenniferashley99 1 year ago
I am a handyman. I fix things that are broken. I can also create wealth, but few have eyes to see this. My customer who has given me just enough work to squeak by is canceling any more until after the election. I don't know how we will make it two months on a deli worker's pay.
No one ever asks me how I can make wealth for them. B of A owns my mortgage.
carefulcarpenter 1 year ago
This move is a political fig leaf for Obama. He gets to look like he helps the people and the banks get to postpone acquisition of even more property they don't want to hit the market because if it did it would cause RE prices to drop off a cliff and kill the value of their portfolio. It is definitely not because he is working for the people because everything else both administrations have done have benefited the banks and the Fed.
NewAmericaNow 1 year ago
We're all more of an expert on the economy than those Harvard. We were right, what, all the time? And they were right, none of the time?
sniper6081 1 year ago
MOT If you have the chance to answer... Does the problem of finding the real title holders also exist in the commercial market?
meetMr7 1 year ago
greed & more greed. there are 2 investments that i know will be the best very soon. a close and personal relationship with our Lord and Saviour. 2- food and physical supplies. amazing, everyones still so concerned about their $ and makin a buck! folks, the 2nd coming is rapidly approaching. stop worrying and caring about $ and your stuff (and getting more) God $ food etc are your greatest investment . stop following the sheeple and the world to the slaughter its a trap get food now!
stevey65 1 year ago
short
pump handles
chena3 1 year ago
@chena3 hey chena you catching any good light shows this fall yet?
hunt1803 1 year ago
@hunt1803
a few ..but we all know the lights are really best
at forty below ..
take care ..
chena3 1 year ago
you can't handle
transparency....
the pump don't work
cause vandals
stole the handle..
take care peoples
some thing wicked
this way comes ..
chena3 1 year ago
Elections are moving money. Basically, people are now asking me if they should leave america. This is scary. Brent, things are getting worse. There is not recovery.
xlvba 1 year ago
@xlvba Kinda of ironic people have been whining and complaining about Mexican and other Immigrants in the US and now a lot of Americans will find themselves in the shoes of dare I say Mexicans? No job and trying to find a country that wants unemployed Americans, Good Luck!
valhala56 1 year ago
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@valhala56 Don't want them here in Australia.
ppana 1 year ago
...after close inspection this is the can that got kicked down the road in 2008...same result, bail out the sinking ship as the water is coming in faster...the can now says 2010 and it will get kicked again...the question is whether it is kicked sideways or down...hmnn...makes me wonder...talking tariffs now are they? or is the alphabet letters of credit soup bowl empty?
moofph 1 year ago
It@moofph it will ne kicked downhill as if it was rolling down Jones at California street
manoftruth 1 year ago
Wouldn't these banks go under if they actually recognized all their losses? A nice delaying tactic maybe? The can gets kicked further down the road...for now. But I suppose they'll keep taking all their bonuses in the mean time.
campeona5 1 year ago
Anyone see reports on how long this foreclosure freeze is supposed to last according to BoA? Is it just indefinite?
webcompanion 1 year ago
All that bad news recently about record numbers of foreclosures being filed, and this after these big banks were bailed out with taxpayer money. Now they're 'worried about the validity of the paperwork' therefore a moratorium on following through on the forclosures? I dunno, sounds a bit fishy to me. Whats the real story? Time to follow the money. Elections coming up.
hunt1803 1 year ago
@hunt1803 Exactly! Let's not piss off any more potential Democrat voters till AFTER THE ELECTION.
plalelal 1 year ago
I appreciate your videos and informing people of what is ahead. It's just begun, imo. It may take a wheelbarrow of money to buy a loaf of bread. Thanks and God bless.
geriatricguru 1 year ago
What title company would ever insure a foreclosed property at this point? Grinding halt is an understatement!
amjohnstone 1 year ago
Good. Didn't the Banks already get paid for these mortgages in the bailout anyway? Give all these homeowners a satisfaction piece and free and clear title to their property. It's the right thing to do.
kevkro64 1 year ago
I have a huge amount of respect for all your efforts aimed at informing the weak as the giants continue to shame themselves.
LsOzVision 1 year ago
Fannie Mae is postponing deals on homes with mortgages previously serviced by Bank of America,
TheVMFA333 1 year ago
I don't mean to sound rude at all. But are you homeless? You seem out of touch with current events.
1776Reborn 1 year ago
Hey MOT - finally a video on the financial system - one of the "good old MOT videos" keep em coming !
BTW - you were going to make a video on silver (right now a @ 23.25) but you never did - so what 's up with that !?!!?
wildpett 1 year ago
It was a knee jerk reaction by BofA to prevent the gov. from jumping down their throat about mishandling the foreclosure process. They are being pro-active. It has alot to do with a state being judicial or non-judicial in their foreclosure process. You watch in a week the will resume foreclosures in probably 2/3 of the states
SamuraiCommando 1 year ago
hey MOT I heard about this today while driving around. Thing is the media is not digging into this. There is a reason B of A did this. There will be a result. So far you are the first to talk about it for more than a blurb. Thanks
totallysick9999 1 year ago
Free housing WOOHOOO;Party Time. Life is good.
GreatDepressionTwo 1 year ago 2
Good advice once again!
gallantjosh 1 year ago
Thanks for the news Brent. In Australia we have had lots of talk of the reserve bank of Australia raising interest rates but as each month goes by the forcasters are wrong and the rate stays the same. I believe that the Australian retail sector is in real trouble and after poor chrismas sales all the economic rot will be made public. And i believe this is when Australia will start its own round of inflation.
MrB8333 1 year ago
The servicer who is filing the foreclosure has no legal standing to foreclose. No Title. The loan orignator, if they are still in business, has no right to foreclosure because they Securitized the loan. Clouded Title. They would have to track down the CDO investor, who was made whole by the derivative contract. If the origanal note hasn't been chopped up into a 1000 pieces, maybe they have a chance, but then there's a REMIC, IRS issue still. Free House, Clear Title.
traynickel 1 year ago
No matter what happens, I can guarantee you my investment in SRS will continue on it's way to zero and REIT's will continue to rally. I have come to accept it.
hrosemd 1 year ago
Damn, wait until 1-2 years. the biggest opportunities for investors for real estate will be huge. There would be more of an opportunity, prepare yourself in investing! Change your mindset, stop preparing to be poor.
charlesfuchs 1 year ago 2
@charlesfuchs Hey Charles. Facing the truth is where it is at. If you invest in general real estate in the US you will get crushed. I warned 3 years ago and I am warning again. My mindset is happy with reality
manoftruth 1 year ago
@manoftruth So how much further do you think home prices will fall? I know TONS of people that bought in the last year and are in complete denial about lower prices. I see a 40% collapse in prices nationally by the time it bottoms.
jlee4520 1 year ago
@manoftruth I hear ya, interest rates will be at %3 next year and houses in vegas for 2000 sq are going for under 50k right now. Hmmmm Good deals or just live in fear, Got to invest in a few years, play into the system they give you or you can just work for the system. That is the real truth. Numbers are truth. Too many people work all day and live in fear. Change your mindset guys, you can be whatever you want your future to be. Live freee and be happy.
charlesfuchs 1 year ago
Nice comment Charles I want a good deal on a rural property and to plant a huge garden in the spring
manoftruth 1 year ago
@charlesfuchs I really appreciate your mind set. It is a breath of fresh air
junkyarddog47 1 year ago
O G
FreedomAtRisk 1 year ago
they are gassing you in the Eastern US, hope you dont miss that Man.
Silberhorter 1 year ago