Truth about real estate foreclosures

[BlueTransAm83]

The humans only concern is their little piece of property, their kids soccer day, movie night out, and making sure that stays the same, or they get more. No matter how many that have to suffer to maintain that. So were F’ed

[realbiz007]

its a tough market out there this site really helped me as realtor..... myepicbiz com

[ouivalerie]

@407buddy Hello: I want to know specifically how you arrived at the conclusion. They want a lot of people to be thrown out, to sort out who they can get money from that's left with any reserves. It's kind of useless, many people only say they are out of money and have a hidden asset plan where if they aren't gaining anymore they bail and they have enough reserves to make it the remaining expected 30 years to live. They want the people that paid too much to be pushed out and blamed also.

[watchyourstepson]

you guys are all nuts, there are plenty of resources for the whole world and everyone to survive just fine. Value is built into it just like the real estate market.

I have got news, it is bottoming out. Seeing how it is a year since your trueth post. I beleive you guys beleive what you think is truth; however, the truth is not in you, it is in the game. Big money longterm in low prices. There is blood in the streets, now go get some land!

[johnnyblueshoez]

grapes of wrath GRAPES OF WRATH

[michaelcweir]

God has allowed this situation to come about because He wants us to understand him better. there is no sharper contrast between Good, then Evil. God is sometimes known as the great Permitter. He alows us to make great mistakes, in order that we then can make a great correction. God is neither a Mister or a Mistress, but a Mystery.

[SCTV]

I'd drop dead if I had your faith, your facing future unpaid oil imports next followed by inflation, a breakdown of welfare and food supply problems due to transportation problems!

You should start to stock up and prepare for an upcoming war! this crash is the beachmark about how much wealth is globally possible. The US/EU sky is the limit dream has just been overtaken by reality. check the oil supply the US needs to import that explains everything!

[OmarThePug]

I'm glad your telling the truth, and I will share your video(s). While I'm not a religious man...clearly we see how unfettered greed can so motivate people that they care not about the consequences.

[cowboycarl04]

fascinating video. I have a question, what would happen if there was a gradual, then sharp increase in the interest rate starting this fall?

I'm not familiar with the economic ramifications.

[michaelcweir]

Thank you for your timely question.Higher rates are coming, mainly due to fall in dollar's value. Most of US treasuries are owned by foreign banks and countries. The only way the US gov't can sustain it's current deficit is by foreigner's continuing to buy bonds. When they (the foreigner's) see the value dropping, they will still buy, but with the loss of the dollar built in (ie. higher rates). This is all part of God's plan -see Red Horseman and Real Rapture videos.

[SCTV]

lets face it, international (EU) hedge fonds investors no nothing of the true value of a US house. they only go by the dictated market value , backed by a artificially created contingent of housing values. It is common practices amounts bank to back their own value on the market and to their share own holders by holding back worthless overrated values.

Selling loans without value guaranty and overpriced is their business and all were basically making money that now has to be printed.

[michaelcweir]

I have been waiting for events to show you how right you are. However for every crisis there is a fantastic opportunity. God has directed me to make money on the stock market. You can find your own opportunity in this crisis.

[BLESSEDone333]

SEE HOW THE ILLEGALS HAVE PLAYED A PART IN THE ECONOMIC CRASH

watch?v=_MlQ8vAxksU

[helamen333]

Hello MCW, I left a comment on your page but it didn't catch. Always be a hidden master. The Mantra your deal in is a Mantra to bring people back from death. On a death bed.

It does happen and it is not discussed much but your idea is actually correct.

[michaelcweir]

June 1, 2008

A further update. The liquidity crisis that brought down Bear Stearns and affected the bond market, has now spread to the Libor rates. Instead of being 500 billion dollars , as with Bear Stearns, Libor rates are connected to 150 Trillion dollars worth of positions. Adjustable rate mortgages, credit cards, corporate debt, auto loans, etc, etc, are connected with Libor. Falling demand with rising interest rates foretell home prices falling below 40% of peak. Hang on|

[shibbo1]

I wouldn't be surprised if banks were holding back a lot of homes. But what are they going to do next year when they have even more foreclosures on their hands? And what are they going to do now that they have to tighten lending standards, and buyers now need both a down payment and earnings that equate with the house they want? Prices more than doubled in a few short years, while incomes have not. Not sure how they can avoid prices coming back to normal.

[michaelcweir]

You are exactly right. Eventually they will have to put them back on the market. They are hoping to fool the market for a short time. The banks may not hold the loans in their portfolio, but in the hedge funds they started and guarantee the monies of the investors. If the banks' hedge funds don't sell the property, then the loss is not acquired and the bank does not have to pay the investors back. This is a Level 3 asset, so it can be treated in this way legally for now. It will be illegal soon.