Real Estate Time BOMB. Foreclosures and the Collapse of the Real Estate Market

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What I learned today will have devastating ramification for the real estate marketing and in turn the entire financial and stock market and the broader economy as a whole.

If true...our real estate fate is seal. There will be more housing and real estate foreclosure carnage ahead. The road is long.

Prepare yourself and protect your family from this coming economic catastrophe.

PLEASE RATE, LINK, SHARE and SPREAD the word so others can learn about the real nature of our real estate and economic crisis. Don't be a sponge to the talking heads that spew only that which benefits them and their bosses. Wake up!
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From L.A Times:

Bulk of bank-owned homes aren't even on the market yet
"Banks to unleash flood of REOs" at Inman News looks at the effect of foreclosures on the housing market this year:

Inventories of unsold homes are likely to swell in coming months as lenders begin to push a growing backlog of repossessed homes up for sale -- often in communities already awash in distressed properties....

Because it can take weeks or months for lenders to put repossessed homes on the market, the impact of real estate-owned (REO) properties on inventories lags behind foreclosures. Government efforts to recapitalize banks through the Troubled Asset Relief Program (TARP) and other bailout measures may also have taken some of the heat off of lenders to unload REO properties at fire-sale prices.

But with the emphasis of TARP and other government relief efforts now expected to shift to creating jobs, helping troubled borrowers avoid foreclosure and providing incentives for home buyers, lenders could soon unleash a torrent of real-estate owned, or "REO" properties -- even in markets already flooded with an oversupply of homes for sale.

"It's almost like a tsunami -- you can see it coming and you know it's going to hit but you can't get out of the way," said Ann Stickel, vice president of affiliated services with Sarasota, Fla.-based brokerage Michael Saunders & Co.

So how many bank-owned properties aren't even on the Multiple Listing Service yet? RealtyTrac senior vice president Rick Sharga puts the number at 75%. That's a lot of houses.




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[BuBmalenstwo]

We will find out soon enough. Pls next time when you will record a video, ask someone else to read the script. Because the whole: TIME BOMB PANIC SHIT I GETTING OLD. i find it amusing that you reed papers and watch tv..... but your whole film is base on some infos..... ON A BLOG, ffs

[Growby10]

@BuB- this was done in jan. 2009 and i've been talking about the real estate crisis since 2007.

what part of this video or you called "panic shit" is "getting old".

can u use your brain to do something than criticize? add an argument or some facts...anything to prove that you are a thinking person...not just a small minded n00b.

thanks for adding your voice.

[MandMEvangelists]

CHINA is buying up the properties. It is a result of the New World Order agenda, IE Bilderburg,Council on Foreign Relations. Bush, Obama, most all people in power are working for an alternative plan. We are selling off our roads to foreign countries and taxing the citizens here to use them. Our dollar is going to tumble, as they introduce the AMERO, and ultimatly the new world gvt. The object is to get USA to fall. Eventually we will be invaded by Russia and china. It is extremely bad.

[Growby10]

@MandM- what about Japanese in the 90's? they came over and bought everything...and WAY overpaid. and they went bankrupt ...while the sellers here in the US got rich...and many bought back the same properties they sold for pennies on the dollars.

you have some good points. but if anyone want's to buy our worthless real estate...why not let the owners of the RE have the freedom to do as they wish?

[rdrserg]

Ignorance is bliss... There are still peeps out there who are sitting on the fence ready to jump in as soon as they find out that a certain house keeps dropping in price from the original hyperinflated price from the peek of the housing boom.

The banks know this and suck in another sucker (every minute) to take over a devalued home.

Anyone thinking of supporting this is a total idiot for buying a house in a falling market.

[Growby10]

@Anyone thinking of supporting this is a total idiot for buying a house in a falling market. ....don't u think that's being a little harsh?

this was a grand illusion..and many smart...and good people got tricked.

yes, we all need to take responsibility..but what about the business who profited most from this fraud...they should be punished more than those "suckers", right?

[damnright4]

This is a fact. They are called shadow inventory...A huge surplus kept off the market for the benifit of the banks...Thats ok.. another huge wave of forclosures on the way.. my message to Bankers.. Nice Job Dick Heads!!! You will open the flood gates ...sooner or later..meanwhile I will sit on the fence with my $50,000 down payment...Bankers and Realtors ..EAT IT!!

[crustyblob]

I serve foreclosure summonses is NJ. It has been obvious to me the banks are not listing these foreclosures via MLS listings. Good information! Thanks for exposing this!

[freebuyersagent]

I am from the free property buyers agent dot com. We certainly can gauge that their is a world of opportunity in the states at the moment. Provided finance is obtainable

[Cleanrealestate]

It is definitely scary to think of all these scenarios. The U.S. has been in trouble for years now it is finally hitting hard. Wish we had a president that could do something!

[capecoralrealestate1]

I am reading an awful lot about this every where you go...interesting stuff in your video..keep em coming!

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[adeelirfan100]

very nic



[IgnacioStapleton]

Thanks for the video. I really think having INVESTESTORS in the market is better...people like Mr3Days.com from FL. ...These guys make a profit on flipping the homes but atleast they get the homes sold

[boum62]

Why do you Yanks always play silly music when you are setting up your websites !

[EconCat88]

Most of these idiots never deserved the money they had in the first place.