Wayne County Foreclosures Nov2008

[2502andrew]

SEARCH FREE FORECLOSURE LISTINGS stopmyforeclosures.info

[mustangmooney21]

I guess it's a great place to buy a home. Here in south Florida homes are very expencive.

[ThePrezidentialbey]

IMPORTANT!!! Watch "A HOME FIT FOR ROYALTY"

[kitcatnos2000]

wow

[prkoqui]

check out our listing nation wide

forecloseddealz.cogia.net

[ellentonrealestate]

That is so depressing.

[firecatgreg]

Okay the big three now pretty much going down the tubes. Ford might make it, who knows about the others. Now many plant closings announced and dealers, Some are getting unemployment benefits extended over and over, collecting them for over 2 years. Scraping by on unemployment plus one worker in the household salary. Then the other person gets a layoff notice. This is getting worse. The future? (Iceland) who is in deeper trouble raised taxes adding carbon credit taxes to their cars.

[pcgailc]

Wow 55,655 views fircatgreg!

[abbittibbi1]

The scenarion of an annouced catastrophe is here and real.

Big 3 have fucked it up; let's give them billions so they doing it instead of sharing this huge amount of money equaly among home owners.

Detroit: you have put yourself into this; you got the bread and butter out of autos for decades and now crying for a refund.

SCREW THE AUTO MAKERS AND THE ECONOMY; save the people; CLEAN YOUR MESS. This city is a shame.

[Anothercoilgun]

Now do you see that is all by design. People wake up.

[propertykid]

It is amazing!! You're right. Now is the time to capitalize on it. Not take advantage of peoples mis-fortunes but find a way to make it a win win for everyone involved. LET'S GET'ER DONE!!!!

[FluxCapacitor2008]

H.R. 676 gets no converge in the main stream media, we are in for a big fight on this one, the fat cat insurance companies have deep pockets and they will come at us with all they got. We need to stand strong on this.

[homelessadvocate]

Knowing from having been in printing, the newspaper had to have printed that up in advance and probably by the day it was released, another several hundred properties were foreclosed on.

[FluxCapacitor2008]

People we need to find out what way our representatives are voting and if its not for the working middle class we need to volt them out this is the only way we can compete with the Lobbyist money.

[homelessadvocate]

Not only do we need to know, we MUST call and write them. They represent us and until WE CALL & WRITE they are NOT OUR VOICE!

[FluxCapacitor2008]

Collective Bargaining for Public Safety orkers—H.R. 980—The Senate voted to end a Republican filibuster against a bill expanding collective bargaining rights for public safety employees. The bill would provide firefighters, police officers and emergency medical personnel with the right to bargain over wages, hours and working conditions; a right denied them in nearly half the states.

[FluxCapacitor2008]

The motion to invoke cloture and end the filibuster (60 votes are required to end a filibuster) passed May 13 by a vote of 69-29. (R: 18-29; D: 49-0; I: 2-0). Y=R, N=W

[FluxCapacitor2008]

Unemployment Benefits Extension—H.R. 2642—Earlier in the year, Senate Republicans successfully blocked efforts to include an extension of unemployment benefits as part of the economic stimulus package. An amendment that would provide 13 additional weeks of unemployment benefits for jobless workers in every state, plus another 13 weeks of additional benefits for jobless workers in high unemployment states

[FluxCapacitor2008]

with at least 6 percent unemployment was approved as part of the legislation funding the wars in Iraq and Afghanistan. The amendment passed May 22 by a vote of 75-22 (R: 25-22; D: 48-0; I: 2-0).

[FluxCapacitor2008]

Only 39 out of 193 Republicans volted (YES) to help us in our time of need and 227 out of 227 Demacrates volted (YES) Now you see whos side the Republicans are on. (The Banks and the rich Mo-Fos)

[FluxCapacitor2008]

Foreclosure Prevention—H.R. 3221House passed a housing relief bill designed to help families facing foreclosure. The Foreclosure Prevention Act would provide $300 billion in government loan guarantees to help at-risk borrowers refinance their home mortgages at more favorable terms. The program would allow families to stay in their homes, protect the integrity of neighborhoods and help stabilize the housing market. The bill passed May 8 by a vote of 266-154 (R: 39-154; D: 227-0). Y=R, N=W

[LouieFrias]

A huge mess indeed and the TARP funds are nowhere in sight. Homeowners need to advocate for themselves and damn the government. FederalHomeLoanMods(dot)com

[monkeyman1140]

Its time to quit worshipping Wall Street, people. They got us into this mess, we were taken along for the ride and now they want us to pay for their excesses.

[norcinim]

Incorrect ... learn about the fractional reserve system ... learn how fiat monetary systems with central banks work ... then you will know the correct answer ... seriously, no sarcasm, enlighten yourself: "money as debt

[Antgne]

Actually, what I want to know is why our previous government representatives let this happen. This has been going on since the Regan deregulation. It's gotten worse and worse and worse. I don't ask why did it happen, I ask why weren't you paying attention.

[davidluk8]

What are "TAX Foreclosures" ???

[familybc146]

They can't pay their property taxes so the local government will seize those homes and sell them by sheriff's sale to get the tax money owed. In other words the owners of the homes, whether or not they're paid off or not, will be taken from the owners and sold for back taxes to the highest bidder.

[VivaMydick]

taking properties for NAFTA hwy , maybe ?

[WRHappened]

Note that these are TAX Foreclosures! Not mortgages.

[LastReplaySC]

If the people don't soon get of their "dollar" & "my Govt party" trip and start to get real by abandoning the dollar on an "local level" and get organises with a parallel "Barter/time unit system" your all going to be caught in the inflation trap. The problem wont then be mortgages & foreclosures but affordable & available food. we're talking about an overall default of an xtra "28% hidden taxes" on income at a minimum just to keep the US-fed running for a few more years.

[RythmicOne1976]

yer all a bunch of youtube nutz. if you think that all the answers are here on youtube, then you could solve the worlds problems with it. LMAO.

[ParapaDrifter]

best thing to do is take em to court... if everyone did it, the courts don't have the manpower to process it all

[fox20012]

I heard forclosure is expensive and some people cant even afford to forclose lol

[Budvb]

lol That court had to be busy!

[myfandango]

isn't that what hitler said with the jews? And was germany is any better shape after? NO...those who don't remember the past is doomed to repete it...

[Populist1488]

" Everybody knows you niggers don't pay your bills" david chappell

[19lfm12]

This is incredible!!!!

The obvious question is - regardless of the tax sale price - WHO is going to buy all of these homes? And this problem will spread to EVERY county in the US. Guaranteed.

Right now there are very few ppl in a position to buy a house at any price. "Rent it out"...uh huh....TO WHOM? The fired auto workers? PPl on public assistance?

HINT: there will be MANY empty houses, while the newly poor have nowhere to live.

[sooldguy]

Wrong;list is potential foreclosures to county for unpaid taxes. IMHO,system encourages unpaid taxes until court rules against owner; some are listed for years. Owners have until March 31 after the judgement to pony up. That could mean years. This is my interpretation after reading p1 of 138. How many years for the court to make judgement on 137 pages? And it says a lot(by example) about what allows an Obama to win an election, voters view headlines or hear bytes but don't learn facts.

[TomNY]

IMHO?!? I'm sorry but your opinion is anything but humble if you begin your comment with the declarative "Wrong;"

[Rentaghost76]

God is punishing you

[innefitterosa]

and god will fuck you

[chevy266nova]

God help us

[maunaowakea777]

so this is 3 weeks worth of foreclosures??? amazing sad and scary!

[firecatgreg]

No I don't think this is three weeks worth of foreclosures, I think the county has to publish this every year. It represents probably the latest yearly foreclosures for Wayne County. Those going into the process, for Wayne County. There are also bank foreclosures as well, this is just county.

[firecatgreg]

For those of you who want some good doom, based not only on the economy but on Peak Oil theories check out Life After The Oil Crash - a peak oil survival site. I'm ATOMICAT and make a lot of posts in those forums. There were about 144 listings on one page, so roughly 20,000 but others mentioned it's actually 26,000. This is ONLY Wayne county Tax foreclosures. Mostly houses in Detroit. There are 98,000 foreclosures in Michigan on realtyTrac website. BEFORE the BIG THREE are destroyed.

[sabersteve]

me too, luckily there were only three houses on my block. this shows how bad wayne county is. just the county. there are also oakland, macomb, and livingston counties that make a good portion of MI. thanks for the post firecatgreg!

[leprechaun909]

lol i live in wayne county

[labartic]

Bye Bye Michigan. Better Diversify your industry next time around.

[okturus]

You think its Bush's fault and the big black hope Obama is gonna rescue you. Obama exists to appease you sheep and stave off a revolution. We should have had free healthcare yesterday--but instead he's got you "hoping" for tomorrow. Bush fucked you and didn't apologize. Obama will fuck you even harder but then whisper sweet nothings into your ear.

The revolution will not be televized...

[805drifter]

Everyone blames bush and republicans, or democrats.

The FEDERAL RESERVE was tasked in 1913 to prevent this (inflation, bubbles, etc...through interest rates). Since they're creation they have allowed SEVERAL BUBBLES.

Listen to Ron Paul and Peter Schiff!

The Federal Reserve is the problem, they are NOT GOVERNMENT. They are the bank that controls our Rates. The Treasury controls our currency. The Treasury is GOVNT. The Fed Reserve is NOT.

[okturus]

I know whats up on the Federal Reserve. Check out the Zeitgeist Addendum. It will have you rolled up into the fetal position crying yourself to sleep.

[myfandango]

It sounds like your whole post was nothings but sweet nothings. You included NO information to support your ignorant claim...shame on you... and are you sure your seeing sheep? Or are you looking in your mirror?

[Organjic]

I believe that the Illuminati is really to blame.

[DillonX]

With Bush as President, so many are having trouble paying for food, gas, and meds, they can't pay their taxes.

Thank you Mr. Bush.

[rougy11]

Thanks Republicans!

[Organjic]

and if not mostly and especially Democrats as well!

[myfandango]

get off your high horse Organjic the repubs and the dems are the same entity...Supporting one side over the other is as empty as picking a favorite football team...as fans are fighting over the true victor the players are at peace and drink together...

[Organjic]

that is why I said "aswell"...

[myfandango]

you said "if not mostly" that was not an equative term...don't even try

[Organjic]

and more democrats are to blame since they are the majority...

[myfandango]

I said don't even try...

They've had the majority for only TWO years ... The republicans have had the majority for the past 6 out of 8 years...be real...please

[pokerthief]

this is gonna happen in every city, all over the US. just gonna get worse and worse and it all thanks to the palin lovers

[justari06]

Sad to say: The Republicans *AND* the Democrats are equally complicit for the shape that the nation is in.

Dems for regulations that opened the housing market up to those who *honestly* couldn't afford it. Fannie Mae/Mac is as corrupt as it comes.

Repubs for their short-sighted solution of spending our way out of economic hard times.

Finally- both- for printing money out of thin air, and supporting the wildly unpopular and (now seen to be) unwise Bailout.

A pox on BOTH of their Houses.

[socialtalker1]

@justari06

this is incorrect, if you are talking about the CRA thats only responsible for 20 tp 25% of the mortgages and and those were stable loans. the bulk of the mess was because of mortgage speculators taking advantage of looser regulations on the money market. but the REAL damage was because of the derivatives and futures.

[danallyr]

Yeah, and I bet there isn't even 1 full page of Help-Wanted ads in the paper. At least that's what I'm encountering in North NJ.

[jcavana1978]

Thanks Bush!

[justari06]

Tough shit, Wayne County. I'm still calling my Congressmen and Senators to oppose a bailout of the Big 3.

[helloimbill]

So you are willing to feed from the trough of jobs supplied around the nation by companies headquartered in my county when times are good but when things go bad you will throw us to the hounds? Like everything else wrong with the arrogant imbeciles who have had charge of this country for the last twenty years your words smell of hypocrisy.

[justari06]

Speaking of "Feeding from the trough", look no further than your Unions for your answers. Hyperinflated salaries (and not just the CEO's), massive pension plans, health plans, and god knows what else. All due to a now-unworkable industry model featuring mob-like unions.

Now, your industry comes with hat-in-hand begging for money to keep bloated and outdated companies afloat. Damn your $75/hour salaries. Bankruptcy *IS* the only way to fix what ails ya.

Oh... no hypocrisy here.

[jrs89]

Ch 11 bankruptcy won't work with the current credit climate. There is no credit for consumers so they will not be able to buy cars. There will be no DIP financing available. It's highly unlikely these companies will operate in Ch 11. Ch 7 (total liquidation) will be slow with the legal system and with the credit situation no one is looking to get a loan to start up a business with acquired liquidated assets. Without credit, the invisible hand gives everyone the middle finger.

[justari06]

So- I cannot think of a single benefit from bailing out the Big 3. Detroit still offers cars that are of poorer quality than foreign cars, cost more, and are less fuel efficient. Tack on a premium of $3-4K per vehicle to cover your health benefits/pension plans- and you'll find yourself at a serious disadvantage to foreign competitors.

Good luck getting that work-model to work out.

[sabersteve]

True, but how else are the workers suppose to earn a living, just like any other manufacturing company?

[justari06]

Name *one* other manufacturing job where the plebes "earn" $75/hour. Go to the Toyota plant in Tennessee, where their workers are doing essentially the same thing, and they're being paid $26/hour. Still a very healthy wage, and certainly not overinflated as Detroit's.

They're also putting out better product at a cheaper price.

Sorry, but I cannot support the bloated carcass of Detroit for a crappy workmodel.

[sabersteve]

The big three ave $25-30/hr. Did you read the article?

[DillonX]

Y'all worry too much.

Bush got massive tax cuts of Billions to the top 5% and even thoough I understand many of them stashed the money in off-shore accts where they don't even pay taxes on the interest, the trickle down should start soon.

[Barbaricfellow]

'Was looking for "Wayne County" the artist LOL

Disturbing though..

[markofoz]

Armondo will save the day !

[gollyck]

dang.

[bozzieboy]

These look like tax liens, not foreclosures. Not good, mind you, but not as apocalyptic as 137 pages of actual mortgage foreclosures.

[MustardMunkey]

Pages is nice, but how about a hard count, or at least a rough estimate of how many total...as in ~50 per page X 137 pgs = 6850?

[catsmew]

there are at least 200 listings on one page

[jmsmith911]

"If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until

THEIR CHILDREN WILL WAKE UP HOMELESS ON THE CONTINENT THEIR FATHERS CONQUERED."

- Thomas Jefferson

S'pose this is what he was talking about?

[Depression2TV]

The Detroit Free Press website has a database of foreclosures in Wayne County over the past year:

freep(DOT)com/apps/pbcs(DOT)dl­l/

article?AID=/20071123/NEWS02/1­03210002

If you click 'Search' with no Street Name or Municipality selected, you get all the foreclosure data for the whole county.

At the bottom of the first page of results, it says:

"Records 1-25 of 26018"

Jeeezus.

[sheeplesz]

And this is just the beginning...horrifying.

Where are all of these people going to live after their homes are seized?

[remyduvalle]

I don't know... probably an apartment or their parents basement... You know, the place they should have been living before they decided to try and get a place they'd never be able to own.

[eXcommunicate1979]

Home values have been hugely overvalued over the past 20 years. It used to be a single wage earner could sustain a family of 4 (or more) and be able to buy a house. Today that is virtually impossible unless you are rich. Housing prices MUST fall back down to reasonable levels, then maybe these people can clean up their credit (bankruptcy?) and buy new homes in a few years time at more realistic prices.

[justari06]

Troof. upmodded.

[eXcommunicate1979]

Thnx. I think it is off-base to blame low income home owners for the current predicament. They were offered the chance at the American Dream. Of course they took it. But unfortunately without gigantic amounts of credit the American Dream is increasingly moving out of reach for large segments of our country. The huge rise in "home values" has been both a blessing and increasingly a CURSE to the American dream. These home prices MUST come down and unfortunately it's going to be messy and painful.

[sabersteve]

My friend sold their home for almost half the value it was worth. Another family is selling their home at $43,000. They bought it many years ago, for about...the same price.

[eXcommunicate1979]

It is definitely a buyer's market at this point. Problem is all the young people, young couples, young families, & poorer families that bought homes at the height of the boom. Those people are screwed. They would have to stay in the same home for maybe 20 years in order to break even with their homes. And adjustable mortgage rates are going through the roof. Anyway a lot of people don't realize that this financial crisis is a lot deeper than just poor people buying homes and getting in trouble.

[juancho420]

so say remyduvalle from his parents basement...

[rh7onda7]

END THE FED Nov 22 mass demonstrations in Washington and other cities!

website:

endthefed . us

END THE FED!!!

[sheeplesz]

Will be there. :)

[rejectedidentity]

Have you checked out the employment section. I live in Houston and I checked it in Sunday's paper...it was only 8 pages.This is the 4th largest city....

[GoddessMEM]

This shows the tax foreclosure list (as evidenced by the header of the newspaper) which is different from bank foreclosures. This is the list of people who are delinquent on their taxes and will have the house repossessed by the county if not paid. Still - very sad. Detroit is not doing well at all.

[guslingus]

Yeah me..

[SomethingAwfulYT]

if you have the money can you buy dirt cheap homes that are foreclosed?!?!?!

[SomethingAwfulYT]

FUCK BUSH AND EVIL CORPORATIONS!

[DillonX]

around -- this is not the total # of foreclosures, there will be an additionally listing of new foreclosures shortly, and then another list, and then another list.

I'm a Republican, but I recognized early-on Bush was bad for the country, and yet I never imagined he could have done as much damage as he has done in just 8 short years.

[psKESEY56]

Can you be specific as to what Bush had to do with this? Which policies?

[riverwindbonsai]

Three particular items: Securities Modernization Act which was attached to another bill and passed without debate on the floor. This was is arguably not Bush's doing at all, but Phil Gramm's; a McCain adviser and republican leader.

Directly under Bush: Office of Comptroller of Currency over-riding all state-level bank lending regulation to the objection of all 50 state AG's.

SEC rule change to allow banks to increase leverage from 10/1 to 33/1.

Bush took a problem and created a disaster.

[Leebm29]

Simple. IRAQ OFFENSIVE WAR !

[eastsideBEANS]

Stop your hippy bullshit. That is the least of the problems.

[myfandango]

stop your bigoted bullshit... It had everything to do with it. The governments attention was on the middle east when the growing credit crisis was in it's first few stages...

[aroundtheworls]

Hmm.. 127 pages. 6 columns multiplied by what looks like around 20 listings per column 16440. According to the 2000 census there are 768,440 households.

So... 97.9% of households are unaffected by the mortgage crisis in what is one of the most depressed local economies in the US.

[ronintheusa]

notice the word "Tax" on the headline? these are not loan foreclosures, but tax foreclosures done by that county for unpaid property taxes....this county holds these auctions one-day every yr. people or their mortgage co. then have at least a yr to pay the back taxes to void the sale.

[Krellan]

I'm beginning to think the only way to fix Detroit is with a D8.

[ediblepet]

The US gov will bail them out.

[abaddon75]

The US gov doesn't bail anyone out but big bankers and wall street high rollers.

[Joeey]

they bankers are running the govt.

[TheSchmuckLook]

You figured it out! Who spends hundreds of millions of dollars to get a job paying $400,000 per year? Someone who OWES things to the people putting up the cash. The moneymen get paid off FIRST. Why else all the bailouts? With NO controls? Peace.

[pinkeye2k]

I can only image the state of must of those homes. I see a very long recession on the horizon.. Looks like the baby boomers really bought the farm this time.

[younkint]

Read much? This is a Gen X thing. The boomers are pretty much tied (and way down the graph) with the Y crowd in regard to RE foreclosures. Contrary to what they believe about themselves, the can-do-no-wrong Gen Xers are the absolute most tapped-out, in debt, greedy group in the history of the world.

[bogdon6]

That is an incredible number of bad decisions.

[hoobam1]

I think this person is being facetious. Thumbs up.

[silentraindropsfell]

extent*

[davidmsc]

Yes, but...how much space does each foreclosure take up on a page? 137 pages sounds like a lot - but do you know how many PROPERTIES are listed in those 137 pages?

Just curious.

[sfsdfd]

"es, but...how much space does each foreclosure take up on a page? 137 pages sounds like a lot - but do you know how many PROPERTIES are listed in those 137 pages?"

Let's estimate:

6 columns per page

About 15 listings (lowball estimate) per column

Total = 137 x 6 x 15 = 12,330 listings.

That's 12,330 foreclosed homes available at the moment... in ONE county of MI... BEFORE any fallout in the auto industry.

That is breathtakingly tragic.

- David Stein

[firecatgreg]

There's actually over 26,000 in this listing. Keep in mind two things. One this is all kinds of properties. Two this includes whatever is abandoned and it doesn't include bank foreclosures which might be additional and not show up on this. But we have about 98,000 foreclosure listings in Realty Trac when I last checked. So it's pretty accurate.

[silentraindropsfell]

Thank you for posting this video. Many people still do not understand the drastic extend of these foreclosures.

[photorocker2020]

yawn

[perkywa07]

Average home price in my county down $40,000 from last year...and this is a rural county with low home values to begin with. For Sale signs are still breeding like rabbits here.

[VincentVonGoat]

didn't Detroit just ask the Fed for $10 BN?

[Azathoth43]

Good Lord!

That's unbelievable.

thank you for taking the time to show people what's going on there.