Massive Defaults Coming in Real Estate - 30% - 50% Reductions

http://inflation.us/

After doing research on Loan Modification Default Rates and Shadow Inventory Rates i am in shock. This is very serious people. I feel very bad for all the responsible people who have been paying on their loans like clockwork hoping to use equity to subsidize their retirement. Can anyone say "poof"

Links
http://www.mgic.com/servicing/hamp_gse.html

http://mhanson.com/archives/242

Category:

News & Politics

Tags:

• real
• estate
• house
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• buying
• realty
• obama
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• destruction

[StroonsGlen]

kasagaran sa mga naasenso ay real state broker....

[elektrikcity]

You're right George, some people aren't in trouble but purposely allow their house to foreclose. They'll rent or buy another home cheaper.

[radicalsquare]

@amcanmike

Because of bailout money going to the banks they've been able to hold off having to liquidate their foreclosure inventory, therefore keeping supply low. I was actually waiting in line buying silver (just after it spiked a few months back) and a real estate flipper told me that it was hard to find houses to buy.

[MrAndyroberts1]

3 to 6 months from ...2009 !!! ?

[VegasRealEstateBlog]

Thanks a lot!! Enjoyed this video.

When you get a chance, explore my channel for real estate news, tips and more

[T3RRABYT3]

Thank you George. What is your take on off-the-grid living, and how would you go about that?

[Pdrum2]

I can't believe as of now people still think that flipping houses is a good idea, buying houses is not an investment.

[heightboosting]

@amcanmike Research Gerald Celente and his trendresearch.... the dollar might collapse within 2012

[HASHEMANDHOFFER]

GOOD WORK AND GREAT SUCCESS!! THE WORST HAS YET TO COME. I AM AN APPRAISER IN NJ. THE MARKET IS TANKING LIKE IT DID IN THE 80'S. IS THERE ANYWHERE IN CALIFORNIA THAT IS READY FOR BUYING?? PLEASE LET ME KNOW.