Home Foreclosures Continue to Skyrocket

KXTV News10 report on foreclosures in California and interest-only adjustable rate mortgage loans.
Alexis McGee of ForeclosureS.com comments on buying within your limit.

Category:

News & Politics

Tags:

• Adjustable
• rate
• mortgages
• foreclosure
• auctions
• Alexis
• McGee
• foreclosures.com

[rogueronin82]

McGee is broke. Her money problems started about two years ago and I have been aware of them for some time.  The state of California has filed a $127,000 tax lien against her. The IRS says she owes them at least $210,000 in unpaid taxes. She's not commenting on any of this at all.

[ThePrezidentialbey]

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

[TheNewMusicNetwork]

I've seen videos saying that you can wipe out your home debt by writing on a piece of paper and sending it out to a company. it's some loop-hole that harry truman left in, way back in the 50s.

it's called A4V and I found it here.

/watch?v=XrVyfc9NEhk

[Zorrachus]

Why blame the president when you should blame yourselves? YOU got a mortgage, YOU tried to buy a house YOU couldn't afford, YOU didn't buy it with cash, instead YOU used credit.

[MandMEvangelists]

"This sub prime mortgage mess would have never happened if We the People who do not have high paying jobs would have been granted the right to borrow a low interest home mortgage loan based on income directly from the Federal Reserve Bank" No, no, no. This wouldn't have happened if we had the Federal Reserve in the first place. We wouldn't have had this happen if we handed over the countries right to print their own money to a NON Gvt entity.

[MandMEvangelists]

"financial aristocrats of Wall Street & the bank's"- You meant NEW WORLD Order. Once people realize their plan they will get the whole scope of what is to come. "People don't get it they market is not coming back for a very long time" - You are right on! In fact, 2010, and 2012 this is going to happen all over. Combine that with a stock market crash because of the dollar crashing and the bird flu, things are going to look really bad. You CANNOT sell your house when everyone else is too.

[ciro9]

Let no one fool you. President Barack Obama is a representative of the financial corporate aristocracy of our nation whose policies are designed to defend the wealth of the ruling corporate elite. Unfortunately, organized advocacy group's like ACORN or Move On should get together and organize a huge monster demonstration against their beloved President on the same spot where they shouted with glee when he was sworn into office in Washington D.C.

[ciro9]

The Presidents senior advisor & assistant Valerie Jarrett made her million's in the real estate market . Most of his inner-circle up on the Hill is made up of former CEO's of Wall Street & the Bank's and the reason why he has done nothing to save the million's of primary home's that have gone & continue to go into foreclosure since he took office.

[ciro9]

I blame the "man of change we could believe in" President Barack Obama for not doing anything to help these American families from being evicted from their primary home's. In my opinion. This phoney-baloney will be a one term President. This is the message we all should (like I do) send to the White House day after day and remind this turn-coat that he is nothing more than a puppet for the financial aristocrats of Wall Street & the bank's.

[antiforeclosurearmy]

Why do you need it to recover? Why can't we live for FREE in these houses? We could get together and do a run on these banks and put them under our heels! Click on my link for my video idea.