I am in foreclosure. Don't believe people when they say that the banks don't want your house. They do! And they will take your home in a New York minute. I owe more than $250,000 and it is only worth $99,000. I am in the Las Vegas NV area and every other home is a foreclosure in my neighborhood. I tried to modify my loan, but they sold the loan to another servicing company and now they will not honor the modification. Bankruptcy is the only option. I will destroy this house before I move
Sub-Primes were 1 trillion and a big wave of 1.6 trillion of Alt-A and Option Adjustable Rate loans adjust higher March 2010 through January 2012. Housing will hit bottom October 2011 through January 2012. On the flip-side, rates are 4.4% so if you can lock in a small payment, 2010 and 2011 are the years to do it. The second half of 2011 the prices should be at their absolute low and rates will still be low. On the flip side, banks are reworking loans so I only expect a 10% dip in prices.
I will be posting this video at piggybankblog com which was created for all those who were abused by Bank of Destroying America's potentially irregular, fraudulent and simply abusive loan modification program.
WHAT! 7000 homes per week projecting to 45000 by December 2010!!!???
WTF! I guess we can only PRAY! Doomes day coming!
alecfromelatvia 1 year ago
so what happens to the people who have moved out due to foreclosure ??
do the houses remain empty ? what happens to the houses?
thanks
ashjoma from Australia
ashjoma 1 year ago
I guess we wont know if that will come to fruition, now that they all have stopped foreclosing! What a crazy situation! thanks for the Video!
wvolson 1 year ago
interesting. thanks for making this video.
TheGreatSaltini 1 year ago
@TheGreatSaltini your VERY welcome!
TelecomSlayerDOTcom 1 year ago
I am in foreclosure. Don't believe people when they say that the banks don't want your house. They do! And they will take your home in a New York minute. I owe more than $250,000 and it is only worth $99,000. I am in the Las Vegas NV area and every other home is a foreclosure in my neighborhood. I tried to modify my loan, but they sold the loan to another servicing company and now they will not honor the modification. Bankruptcy is the only option. I will destroy this house before I move
checkers1245 1 year ago
Sub-Primes were 1 trillion and a big wave of 1.6 trillion of Alt-A and Option Adjustable Rate loans adjust higher March 2010 through January 2012. Housing will hit bottom October 2011 through January 2012. On the flip-side, rates are 4.4% so if you can lock in a small payment, 2010 and 2011 are the years to do it. The second half of 2011 the prices should be at their absolute low and rates will still be low. On the flip side, banks are reworking loans so I only expect a 10% dip in prices.
MrAlanKendall 1 year ago
the source is mentioned on the video
TelecomSlayerDOTcom 1 year ago
Bank of America employees are legally bound to not disclose information. So, sir.. whom are your "sources"???
LetsGetEthereal 1 year ago
@LetsGetEthereal that was mentioned in the video...
TelecomSlayerDOTcom 1 year ago
I will be posting this video at piggybankblog com which was created for all those who were abused by Bank of Destroying America's potentially irregular, fraudulent and simply abusive loan modification program.
wright4ULG 1 year ago