Real Estate Time BOMB. Foreclosures and the Collapse of the Real Estate Market
Posted on July 17, 2009
Filed Under Foreclosure investing |
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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 et 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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Tags: “The dollar collapse” “housing crisis” “financial crisis” subprime hyperinflation inflation economy “economic collapse” “stock market” “stock market collapse” “real estate” fed “federal reserve” money “fiat money” gold silver commodities housing bubble 2009 2008 downfall investing for sale training agent agency selling subprime Peter Schiff Jim Rogers Gerald Celente Alex Jones Ben Bernanke
Duration : 0:7:54
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25 Responses to “Real Estate Time BOMB. Foreclosures and the Collapse of the Real Estate Market”
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Most homes are …
Most homes are going stright to auction and on not being listed
maybe you shouldn’t …
maybe you shouldn’t look at the “yahoo real estate”,
but have a look at the “shiller home price index”.
… Home prices dropped the most on record …
… the biggest workforce reduction since 1945.
In case of fixed …
In case of fixed rate the inflationary period will wipe the debt away?
Because the banks …
Because the banks are holding the houses….they are not letting them go in the market….They got 500 billion dollars parked in the Fed. Who knows what is going on….
I’m talking about …
I’m talking about interest rates;
I’m talking about the US current account,
about the fact, that the US had and still has a negative trade ballance - so, the USA needs hundrets of billions of dollars from foreign countries each year.
And guess what: “somebody” has to pay interest rates for these billions of dollars.
And, if the deptor has a contract with flexible percentage rates: yes, in such cases the amount of money to be paid will certainly rise.
(but most institutl. money has fixed rates)
What do you mean …
What do you mean with the rates which have to be paid to the exporting-nations? Do you think the mortgages or loan contracts in dollars will be adjusted as the inflation comes?
“As hyperinflation …
“As hyperinflation will hit, RE will be the best et to own”
That might exactly be the point!
the USA has so much dept - in all sectors (private, public, companies) - getting rid of all this dept might probably the best and only way to re-start.
(else, the rates which have to be paid to the exporting-nations, who did lend the money they made by exporting back to their customers (so the customers could keep on buying), won’t allow the US-economy to grow for a long, long period of time…)
But if you go onto …
But if you go onto the real estate MLS, the houses have not dropped in price.
Just do a random search on Yahoo real estate.
Houses are still the prices they have always been.
Why?
However, the banks …
However, the banks have 500 billion parked on the Fed. As hyperinflation will hit, RE will be the best et to own. This will be for themselves not for the people. The only thing I know is that they don’t care about us!
However, the banks …
However, the banks have 500 Billion parked on the Fed. They are holding the RE for themselves because as the hyperinflation will hit, RE will be the right et to have, this will give them total control of the people…..
Why not pay these …
Why not pay these homeowners a gov’t bonus for failing, we don’t want to lose these brilliant folks same as the banks and brokerages do after all that would be fair!
PS-I would not buy one of these houses at a phony market value, the gov’t /Banks should lease these properties 20 -40 year terms, the people can stay not trash them for having to leave, even hand them down to there kids to lease and they banks would not have to list them as a toxic debt/loss on their books.
I know a real …
I know a real estate broker who represents the banks and markets their foreclosed homes. He tells me that the foreclosure market has dwindled down to a very small trickle. He said the banks are not releasing their foreclosures and are holding onto them. A couple of months ago, he told me the banks were going to release a huge supply of foreclosures to sell in July. Now, he says that did not happen and he is being told, by the banks, they will be released in November 2009.
WATCH OUT!!
good info…reality …
good info…reality check for those believing the economy is stabilizing…
If home owners lose …
If home owners lose their jobs, they will sell their homes at a lower price then the market to 1) get their equity and 2) To not ruin thier credit. Banks know that to complete they will have to sell even lower and this will push prices much lower. Banks do not want to push prices lower because more people will abandon their homes and cause a bigger problem for the Banks.
Nice try. Keep it …
Nice try. Keep it up check out esteembpo + com for social media marketing. ter
Interesting …
Interesting analysis. Big banks/lenders do not want us to know the depth of the crisis. Keep the house you can realistically afford and live beneath your means. The days of trading up for a bigger house/pricer home are gone for an entire generation. Ask anyone raised during the depression and you will get an honest essment.
one thing I’m …
one thing I’m confused about in relation to “pursuit of money” is what do you live on? surely you need money to pay for your essentials like food, accommodation,clothes etc…?where do you draw the line between providing your essential needs and greedy excess?
Agenda 21, changes …
Agenda 21, changes everything if it moves forward.
I can certainly see …
I can certainly see it happening against the wishes of the American people with a certain degree of resistance and possibly some form of militia like effort to stop it but after it happens and the dust settles then why would the system be any more totalitarian,fascist etc…than the EU for instance?although there are some smart people who can see trouble looming for the EU in the not to distant future also
mindstream you need …
mindstream you need to FOCUS on what you are dealing with here.
2 competing agendas. The seen agenda is public safety that has to be dealt with by public authorities. The unseen agenda is the profit driven mindset of zombie banks. These zombie banks and their bacterial bankster staffs are going to continue to do what they have always done in these circumstances untill they are forced to do otherwise.
The tragedy is the lives and families that are destroyed until public policy catches up.
i see second wave …
i see second wave of foreclosures before bottom hitting. if two house asre bought for 300K and one forcloses and short sale for 200K what will happen?? the next house will foreclose maybe two after that.
??? i know i would be mad if i owned the 300K house lol. second wave before stabilzation.
North American …
North American Union, isnt a rumor, check the SPP, Its going to happen because people in the US, dont care about real issues, because the issues are too complex as they think about them,
The would rather listen to ignorant theologians, watch fake news, and baseball or something, and by the time they get up to speed they will wake up in the NAU, and will be in a totalitarian,fascist,socialist state.
Maybe the ‘North …
Maybe the ‘North American Union’ rumor wasn’t just a conspiracy theory after-all?
What was the point …
What was the point of making the people leave their houses? why not just let them stay in them for as much as they can afford while a buyer can be found?, why not just rent the house back to the owner who has just defaulted until a buyer can be found?, and who knows?maybe these people will manage to get themselves into a financial position to continue paying the mortgage? better than just leaving the place to be wrecked, that was a lose-lose decision
I heard that the …
I heard that the upward resetting on the interest rates for Alt-a and option ARM loans have been postponed until september 2010, is this true? as my understanding was that these loans are worth 1.7 trillion, when the subprime loans were worth only 1 trillion, and look at the havoc they caused, I think this new wave of defaults was supposed to start in April this year and would have increased into 2010 and 2011, plus commercial property is supposed to start defaulting soon too, whats the latest?