FORECLOSURES-Coming to a neighborhood near you

[lennyfest]

the real estate decline is not over by far, yes there are great deals these day and buying now wouldnt be a bad thing but i fell there is still room for more decline

[JohnIbrah]

Haha american so suck losing home

[moneybelt22]

@JohnIbrah cheaper to live in a used brothel!

[adrock5151]

if you can't make the payments you lose your home. Flat out the truth. Its NOT your home, the bank owns it. Hence the mortgage

[moneybelt22]

@adrock5151 go live in a tent then fool!

[Enoch2]

A good report done by professionals.One thing I notice seems to be that the problem stems from a willingness to take on debt, and other individuals who committed fraud.

"You know the commandments: 'Do not murder, do not commit adultery, do not steal, do not give false testimony, DO NOT DEFRAUD, honor your father and mother.' " (Mark 10:19, emphasis mine)If we would repent and obey God through Jesus Christ,these problems would be gone overnight. Will we do this? I pray we do more than complain.

[b2flyer1]

I hope many that watch videos like this,and others that show what is happening in America,will wake up.Factories are closing,over 1 million Americans are homeless,more than 700,000 are in forecloser,with more to come.What does the government do? bail out Banksters,and give ACTIVE US military the right to enforce MATIAL LAW.Wake up people.3rd army 1st Brigade has just been given the illegal act,to police the populace.Google it and see for yourselves.

[b2flyer1]

What we are witnessing happening in America,is just the beginning.Everyone that live here is witnessing the collapse of the modern-day empire.This is just the beginning.

[ciro9]

"We the People" who do not have high paying jobs should be granted the right to borrow a low interest home mortgage loan based on income directly from the Federal Reserve Bank which should be nationalized for the people of our nation who for to long have been enslaved by bank's and lending institution's by high interest rates on money that they receive from the Federal Reserve Bank. Why shouldn't we & our families do the same?

[aimsux3214]

"We the people" who can't afford a house should rent. Sorry not everyone deserves to own their own home that is part of the problem that started this mess. The people at the top of these mortgage companies should be tried for treason not bailed out. Read what you sign. If it sounds too good to be true it probably is. The fed is an unconstitutional organization and should be stopped not expanded.

[savagesteve13]

Renters are losing property too. People who rent from them are getting tossed out on the street even though they pay their rent on time. The landlord doesn't notify them that the property is foreclosed so when the cops show up its a surprise.

[aimsux3214]

Sounds like its part of the same problem.... People who couldn't sell their house in time got stuck and now rent it out. Apparently they still can't afford the property with the extra rent money coming in. I only recently found out that at the end of Clinton's administration he took off the 1 to10 fractional reserve ratio and made it unlimited. This is why banks were allowed to loan so much even though they didn't have any real money to back it up. Bush didn't help this problem of course.

[aTibetLover]

"It's going to be very difficult for people to get a mortgage anywhere in US. If they are going to get mortgages, they are going to be fully document their income. They are probably need to put 20%, 25% even 30% down. It's going to be very difficult to get a loan. If it's going to be very difficult to get a loan, there are very few people going to buy. If they can't buy, they can't bid very much, because they can't borrow very much. They will have to borrow within their means."

[bushisacoxucker]

USA had it coming.

It killed people, incited revolutions, wars and the like to put PUPPET GOVERNMENTS all over the world, to STEAL RESOURCES, so that the people in the US would live without working.

FUCK THE UNITED STATES OF AMERICA.

Those peoples are paying for their GREED. They bought houses they could not afford, and pay time has arrived for the US.

THIS IS THE BEGINNING OF THE WRATH OF GOD AGAINST A GREEDY NATION.

This is barely the beginning. Watch was is coming. Pay attention.

[aimsux3214]

Well if it wasn't for US military the internet wouldn't exist and your voice would never be heard. If your European you have no right to speak of these things most of the lines of the world were drawn by those countries. If not I'm sure you have a model country thats done no wrong ever... Does such a thing even exist. At least we don't strap bombs to children or support mass genocide. granted a lot of Iraqis died and we do over extend ourselves.

[b2flyer1]

bushisacoxucker:Im watching this country begin to fall apart.This is just the beginning.From Vietnam,to iraq,America has killed more innocent people than any other country.What goes around,comes around.When GOD judge this country,many around the world will be shocked,at whats going to happen here.

[javiarinmexico]

White people we mexicans are going to buy your homes for pennies on the hundred dollars soon. GET OUT OF MY COUNTRY WHITE MAN YOU ARE NOT WELCOME.

[ImyManz99]

Don't feel sorry, these people got what they asked for. You want to live beyond your means, buy palaces, live like kings, live on credit - this is what happens to you. God banned usury for a reason. This nation has gone astray, cursed by God Almighty.

[madarchodus]

Regulation? well, it all goes back to looking and thinking before you leap. You can point the finger all you want...but the blame all comes back to you.

[bluerose387bee]

The "Federal Reserve" has to be ABOLISHED. NOW BEFORE IT DESTROY AMERICAN ECONOMY..we are at standstill nothing IS moving ( we going into DEEP DEPRESSIONit be worst then 1929@ ) we allbetter get ready THE shit's going to hit fan Soon @ & THE DOLLAR IS DEAD

[GaryVolts]

Great video, hits the point about fraud and speculation while still remaining humane to the home "owners".

Funny comments by the guy saying to cap prices on housing. That had to be a troll.

[Crickettedog]

@rocketguy: You may think that you know what you are writing about, but you don't. Who made our country the greatest country on earth? Who made the USA #1. It sure as hell wasn't the Conservative Republicans because it was the liberal Democrats Many who are wealthy today is because the wealthy bought more than one home. Some bought six homes at a time.You need to know your American history.

[indianajoe219]

Go to any Democrat controlled city and see how screwed up and run down they are. But keep voting them in idiots and watch this all continue. Higher taxes, punishing business with higher taxes and rules making it harder to fire unproductive workers (unions). Just sit back and watch what happens if Hillary gets in office. Mandatory health care payments and if you don't willingly sign up for it, she'll have your wages garnished!!!

[xsleef]

vote for ron paul he is the only one that will end these crooks..central banks (aka fed res) ron paul 2008

[xsleef]

Now think of this: Do you earn more interest off $1 Trillion

> dollars in circulation, or $10 Trillion dollars in circulation?

>

> Do you see how the unpaid interest creates more dollars

> that go into circulation that earn even more interest?

>

> You do know that this will completely bankrupt his nation.

[ForeclosureHelp2008]

If you are behind on your mortgage we can help you avoid foreclosure. Christian owned business. No cost! More details on website:

ForeclosureHelp2008 dot com

[alanhowitzer]

Bwahahah!

[sumancalif]

Government should not do anything. Its the market, thats how the free market works. Five years ago oil price was 11 dollar a barrel now its 100.

Why should you buy something, you cannot afford. why you wanna get ARM loans, if you donot understand maths.

Captalism is very cruel for dumb people, face it.

I donot feel good to say these things, but Is there any otherway to explain?

[bigsteaks1]

We are not talking about the price of things. We are talking about the price of homes. The price of homes is way to high, and people are not making enough money to cover the cost of a high mortgage. Why can't you understand that? However if the goverment caped the price, then more people could buy, and KEEP a home. Our economy as a WHOLE would be stronger.

[popcur]

Placing price conrtrols will eventually decrease supply. For example rent control leads to less affordable housing. min. wage leads to less jobs for African American youths.

[bigsteaks1]

Listen to me again.Really UNDERSTAND what I am saying, don't hear what you THINK I am saying.

I'll make it really simple:

Even if you have 80% to put down. If you can't pay the rent, don't buy it.

Payment and price is EVERYTHING. The goverment needs to cap the cost. Look up what most people make for a living. The two DON'T MIX. Cap the market to make it more real. That should stop most of the foreclosures.

[bigsteaks1]

PS: The only "losers" are our children, who, if we don't cap the market soon, they will need two famlies underd one roof to pay the mortgage.

[bigsteaks1]

WRONG!! 30%, 50%, whatever, has NOTHING to do with it. You must be able to PAY THE MORTGAGE. The goverment needs to CAP the house price. Homes are WAY to expensive now a days. That is why people are losing, because homes cost WAY to much.

[LeftLiberalSoCal]

If you are talking about the West End that's because CA is being a third world country. Rich. Poor. That's it.

[acidie]

All these people that lost big by borrowing 100%, WITHOUT having proper risk management in place or understanding what they are doing, are fucking retards.

The reason some many lose money, and its not just real estate or stocks, it anything, is they are fucking sheep, and sheep get slaughtered.

[nesnman]

I've done just fine. I bought a home in 1994 . In 2000 I sold it for triple the price and paid cash for my next home. I'm 100 percent debt free but the media won't report things like this.

[LeftLiberalSoCal]

You are the exception to the rule!

[nesnman]

No, I'm not. It's just that the media won't report good news. I know many who work with me that have done the same thing.

[nehope]

You're not alone. I did the same thing - bought in 1996, sold in 2006 for 3 times orignal price and paid cash for my current house.

[morningstar34]

I'd encourage anyone who is outraged by the fact they have lost their home, they need to SPEAK UP!

I was one of the lucky ones, I came close to buying, but didn't like the terms. We should ALL insist on a fixed rate, and stop this CRIME. ARM's DON'T WORK!!!

And anyways, never trust a realtor. (LOL)

[lasttoknow55]

I found out the hard way that you should never trust a realtor!

[lennyfest]

anybody that is thinking of buying a home now is a fool,, home prices will decline 30% over the next 18 months ,, watch and see ,, buckle up people ,,

[bigsteaks1]

100% right. The guy who was stupid and paid $179,000 for my home here in Philly, tried to get an equity loan. HA!! The bank told him the house is only worth $150,000 now. HAHAH!!!

[85Pats]

Good point. The housing market has 7 yr crash cycles. For anyone who wants to buy a house, I would wait 2 yrs when the market hits rock bottom. That way you'll get the cheapest price.

[TYX91101]

The housing market hasn't declined on a nationwide basis in decades. Until now.

[peskied]

@lennyfest Sorry to tell you this but what you offer for houses these days and what they will accept will always be two different things. there are enough vacant houses to prove that! You had better buy now if you can, These nuts will raise the price of a house that hasn't sold in a year!

[rocky038]

@lennyfest you were right man



[tatersgravy]

We left Denver in the late 1999s and looks like none to soon!

Where was the Governor during these periods of time?

What a shame.....