Foreclosure Tsunami. Proof of the Coming Real Estate Collapse.

[Bennyclay661]

can anyone explain what it means when a loan isbeing adjusted

[TheREIMaverick]

Hey, I just wanted to comment on your video....I really like it and I have shared it with some of my firends on some of my social networking sites! NICE!!!!

[Ibuysellinvest]

RIGHT ON GUYS

[HollyTNUSA]

They are trying so hard to paint over the truth that the mortgage crisis is not the only economic cause

It IS the total cause! The "Reinvestment Act" and groups like ACORN bullying the banks and mortgage companies

Look up the term MERS or Mortgage Electronic Registration. This issue will blow your mind, even if you are not behind, your mortgage is a scam!

[AmTickProductions]

THANKS, CITY OF LONDON!!! enjoy the caymans!

[Mr2wings]

Washington DC area and the surrounding area the prices of homes keep going up.

This shows you how out of touch DC is with the rest of the country.

[amcanmike]

REAL ESTATE IS STILL SELLING AT RECORD PRICES ACROSS AMERICA

[Mr2wings]

? I bought my home 3 years ago and paid 400K it is now worth 360K. I have 315K mortgage. I tried to refinance but was told that since I have less then 20% equity it is not worth paying the PMI insurance. Please responsed how I can get a lower interest rate for a 30 year fix. I am paying 5.38% now and rates are at 4.5%.

[mkmason2002]

@Mr2wings 1st of all if you bought your house 3 yrs ago@ 400K it is not going to sell for 360K., I would estimate 320K. If you have less than 20% down you MUST pay the PMI. So you're paying PMI & you have already lost 80K of which you are PAYING ON MONTHLY. When do you think you'll ever recover that $? You won't, the price will fall much further by Christmas. I suggest you sell your house PRONTO, IF YOU CAN, then take any profit & buy silver rounds then rent a home within your means.

[ferrari4sale]

@Mr2wings Get out while you can. Put your money in silver.

[dave4tampabay]

put on your seatbelt shadow inventory hits 50 percent of all banks out of business gone put half of your money in a big banks buying a house now is crazyyyyyyyyy

[CurrentlyDisconected]

its moments like these im glad i live on an island at the bottom of the world in the middle of the bush.

[knau1234]

I wish I was there.

[michaelwright999]

@knau1234 I will put you there. drop your pants.

[woodbury5696]

i hope we have anarchy, this is bull shit america is not a free market country! we are slaves to these banks who have compleat control over what we pay and what they sale the homes, cars everything for! until we reject the dollar we lost our freedom. and now we are thinking about health reform, the reason that is fucked is cause insurance makes that so it is not free market system! people reject your dollars and never leave your money in the banks that is promoting the problem!

[Gizziiusa]

Guess that meeting in Waco, Tx in 2005 with Bush, Fox and Canada PM for a North American Union and Amero currency by 2010 may be correct. I just wonder if the dollar will phase out or outright collapse. Collapse = anarchy for USA.

[AverAverComo]

OOOOOOOOOO north american union??/

you really think it that bad??? only way out is NAU?/ i dont think so. i hope not man. OMG union with mexico OMG we going down lol

[Gizziiusa]

CIT is readying itself for bankruptcy, which will cause ripples in small and medium business loans. there is talk of a second wave of mortgage defaults soon. watch argentina collapse 2001 in my favorites. so many simularities to USA, its scary. obama = menen. better to be prepared and nothing happen than the inverse...

[SilverRose09]

However, the banks have 500 billion parked on the Fed. As hyperinflation will hit, RE will be the best asset to own. This will be for themselves not for the people. The only thing I know is that they don't care about us!

[950horsepower]

It takes creative accounting to arrive at the conclusion that a bank can loose money at all. It's fundamentally impossible, as soon as you make a deposit.

Outlaw fractional banking.

Forget credit. If a company can't make it on what it earns, it doesn't deserve to be in business.

Enforce the laws against conspiratorial monopolies, like oil, autos, telecom, cable TV. Software and internet companies like MS. YT, etc.,etc.

Zero tolerance for corporations.

[borat443]

Does anyone know if you can file a lawsuit against a mortgage company and have your loans audited after a foreclosure and is that good recourse for predatory lenders.

[imahamina]

16th amend. never ratified sorry

[imahamina]

Moniequa. I relate to what ya say'n. I personally think we'll find the answers closer to home. Like in the mirror. Youknow, instead of pointing fingers. As to the FED, some people think they are part of the goverment. They are a private co. with a license to print money with computer keystrokes & paper & ink. Then borrow it to the goverment. We (the US) should print own money. No intrest=No need for IRS. An illegal corp. 14th amend. never ratified. see sherry jackson ex irs youtube. Linclon JFK

[Buckhead1959]

Imahamina...we should never print money..it should be coined( using gold or silver) as per the Constitution!

[moniequa]

godisfraud88, if being right is retarded, so be it. At least I don't leave my ass wide open and then get shocked when I get fucked. Keep on blaming the Fed and keep on spending and see who will suffer at the end, the fed? I don't think so.

[YouGotTheWord]

Prices will go lower, no need to hurry to buy.

[REOGURU]

...actually, what we need are better paying jobs. Its job stability that will get us out of this mess, not more consumption. Since its the private sector that generates the most jobs, we need to support small businesses so they can grow and start rehiring.

[November302008]

We need 30 year fixed rate mortgages to be 2.5 % or less to survive this crisis. We must fix Housing or the economy will never recover.

[lashark19]

There is a way to hold predatory lenders responsible, help people to keep there homes, and not put the tax burden on future generations. It is called term ownership. Do the research and tell your senator about it before it's too late.

[Growby10]

sounds unbelievable...but another true story about how wacky things got.

[Tinker2e]

2002 and a man came into the complex and wanted to purchase one of the homes. He had not been in the country for more than one year and he made only 40k Both of our lenders could not qualify him. Then he came back & said that he's approved for a loan w/Countrywide. I ask Countrywide rep. how he could do this? The rep was rude and just said "I did not need to know" & hung up on me. So when the loan closed, I just thought I was stupid. I think that everyone was duped, even Allen Greenspan.

[VivaMydick]

when gold was 650 I said it will go to 967 and drop to 750 and it happened exactly as I said

I can tell you exactly what is going to happen but most of u do not deserve it so I will not

[sugarpuddin88]

Viva

Suppose the IMF has to liquidate large sums of gold in order to cover US debt; what will that do for the coming price of gold?

[VivaMydick]

I think you do know the answer to that question

[Growby10]

there is so much to this gold story that people know. I will be doing a video's about gold soon. please stay tuned and THANKS for your comments...very good stuff.

[TimTrimT]

What the heck makes you think the IMF needs to cover US debt? Not their responsibility as I understand their mandate. IMF might start LENDING to the USA if we become a 3rd world nation. Otherwise we're on our own. We're supposed to be contributing to the IMF not taking from it.

[sugarpuddin88]

Tim

I agree with the body of your message

However, understand that the IMF uses America, like a bouncer or as a "big stick", to get what ever it wants in the world

The time will come when the IMF will need to prop-up its bouncer or lose it all!

[VivaMydick]

and I know for the fact that gold does not have to skyrocket for them to switch to different financial model which is inevitable . !!!!!!!!!!!!!!!!!!!!! And it is in their best interest to keep gold low after transfer so they can extract value out of those idiots who bought it

[VivaMydick]

You are so blessed that I'm telling you this . All paper assets will be wiped out . They told you that you will have martial law if bailout plan and stimulus not passed. Guess what . They are worthless .They only bought more time . Only going to prolong the pain and make suffering so much worse.

[VivaMydick]

I'm sorry guys u do not have same wisdom as I

it is not your fault

you have to understand that you are on the level of traumatized hypnotized and mezmorized lulus in the third dimension I'm on the on the threshold of 13 th dimension

[caganb]

I think prices will drop another 50%. The worst is still to come.

[majsmoke187]

Very informative.....Thank you. I think its a BUYERS MARKET cause in my neck of the woods its cheaper to buy a house than to rent. Aaaaah......Its the never ending cycle of real estate.

[Growby10]

that is critical point. (rent more than mortgage payment!)...but, are they buyers to take advantage of that?!?!?

I don't know where you live. but many middle...and even lower paid people are now able to afford a home...BUT they don't know it! And they can be PAYING LESS THAN THEIR RENT!.

But, with that said....I still think RE prices are going down further...and i have a whole series of videos to go over that..please stay tuned!

[ohio1998]

I agree with you guys. I won't buy a house yet, because I don't feel secure with the job market. I'd rather rent a house anyways. My buddies in Greenville, SC rent a 2,000 sqft 2 story house, brand new, and a ton of cool shit for $1,000 a month. In shit hole Florida where I live, I pay $800 for a 2/2 800 sqft apartment box. Florida sux!!!!!!!!!!!!

[scorpiusaries]

thats a bummer dude that is..can you move away?

[ohio1998]

Trying asshole, believe me. Just saw on TV that two assholes like you tried to rob an elderly man in a wheel chair.

[xiphoidpro8]

aw, poor baby. you have it so rough. try $1100/mo as the avg rent for a 1BR. San Francisco suburb.

[codediporpal]

I live in San Francisco. I expect this to take at least 5-10 years to bottom.

[Growby10]

@codediporpal: i wouldn't bet against you my friend!

[AntiBullS]

u r about 3 years late :)  I have proof that my property that bought 1.5 years selling for 3 times what I paid for it

RE market is very vast and depends mostly on local demand and supply Higher priced location have a long way to go down .

[peteraustinnoto]

GREAT STUFF

[1149morris]

The root of the problem is not mortgage debt. Its our evil government, wall street and the global capitalists.

[jbryant13]

People who think they have "equity" in their homes are delusional. The foreclosure sale prices IS the market price. The Alt-A wave is coming and when it's done everyone will be "upside down" - more and more layoffs and bankruptcies will further deflate the market and Obama's spending will bankrupt the country. Housing is NOT an "investment" it is a liability. Rent - don't buy.

[Growby10]

well said. i will be doing more videos about what you just mentioned. please stay tuned! thanks!!!

[MlTher]

@jbryant13 The market is a delusion by its own definition. There is no demand/supply-mechanism or law of nature we can observe in markets. Markets are sentiments. No market member has absolute and perfect information. The entire market-religion is crap. Based on idiotic ideas about how it could work. Why are there millions of homes build while millions of foreclosures taking place? Population explosion? The only supply/demand-mechanism we could possibly see is speculating about whats next.

[VisionQuest2012]

A lot of adjustable rate mortgage(ARM) loans are suppose to kick in this year and next year. They are predicting some may not be able to make those monthly payments under the new adjustments. If you have an ARM loan you better be trying to get that changed over to a fixed rate as soon as possible. In this current economic climate some banks may agree to those changes.

[Growby10]

more news that will keep the prices DOWN!

[JonThm]

Tsunami are drive nby deep molecular nuclear fusion, set off by underwater Earth quakes.

[Growby10]

lol! =)

[liberalbias100]

Thank you for uploading this video

[Growby10]

you're welcome...i have a lot more in this real estate series...please stay tuned!

[VivaMydick]

watch this :

watch?v=qE7xrv7-1MU

do not be morons property is better than cash

cash soon will be worthless

[VivaMydick]

honestly ? this is total and complete bullshit

[Growby10]

please explain why?

[sugarpuddin88]

One quadrillion dollars is the sum of outstanding fake derivatives

The latest bailout (bank heist) is $5 trillion, triple the original $700 billion; Amazingly the FED has been paying these bankers 188 billion a day all along

Add together the unfunded liabilities from Medicare and Social Security, and it comes to $99.2 trillion over the infinite horizon; Richard W. Fisher, the President and Chief Executive Officer of the Federal Reserve Bank of Dallas, (July 22, 2008 San Fran Chronicle)

[Growby10]

scary stuff. What do you think that means for RE and our economy?

[sugarpuddin88]

The privately owned FED Reserve Bank is responsible for over 1 quadrillion dollars of derivatives

Those counterfeit money instruments were used to "over build" the RE market in many areas of the country

Too much supply always brings down prices

But another factor is soon to show its ugly head: The collapse of the US dollar

The bigger question is: What plans do the Central Banks have for replacing the US dollar; &, how will that effect the environment?

[moniequa]

I dont know why we blame on the Fed when it is us who are stupid enough to borrow and spend recklessly. Let them inflate the dollars let them do whatever they want because we're too stupid to even control our spending habit. We leave our holes wide open and we're shocked and angry to get fucked. More power to the fed for being smart.

[sugarpuddin88]

Every 15 months, the USA owes another trillion dollars against Gov expenses!

Prop up the bad guys with money!

Reward the mistakes!

Weve increased the Money Supply 70% since October!!!!!

Can you imagine?!

Bernanke refused to show up the other day before congress

Altogether, the worlds markets over the past four weeks saw $11 trillion worth of assets wiped out. This sum corresponds to virtually the entire annual gross national product of the US, or the European Union

[POSSUMTOHIDE]

Thank you for the excellent video!