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(Foreclosure) Solutions in the 21st Century…
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(Foreclosure) Solutions in the 21st Century…
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(Foreclosure) Solutions in the 21st Century…
Duration : 0:3:21
The U.S. economy has been gripped by a relentless housing crisis for almost two years. A key driver in this crisis has been the many subprime mortgages that involved high rates and fees — often requiring no down payments — that were made in the past several years. California is ground zero in the subprime crisis and the resultant spillover effects — foreclosures, bankruptcies, decreasing property values to name a few. Recognizing that relying on the market alone is unlikely to bring an end to the crisis, the U.S. Congress and the Bush Administration are currently debating federal responses. Meanwhile, some states, including California, are undertaking their own initiatives.
Duration : 0:41:43
One of the last ways you can fight foreclosure is to make them produce the note. In many cases the note is sitting in a warehouse somewhere and nobody knows or cares where it is.
Duration : 0:2:14
ABC Extreme Home Makeover Story:
http://www.youtube.com/watch?v=Iy-VmKf6Fbo
The media is screaming about the subprime home mortgage crisis and people demanded action. Instead of allowing our free market to make adjustments, it is the wish of many that government should solve all problems. The government actually caused this problem and now they are going to “solve” it? This issue goes all the way back to the Community Reinvestment Act of 1977 which Jimmy Carter was responsible for. This Act was supposed to change the whole lending process and make it more diverse. Lenders were obviously not making loans to people based on their race, not because of their ability to pay. So the government forced them to make loans which should have never been made or face stiff penalties. Now you have this subprime problem with foreclosures everywhere of people who were irresponsible in the first place. Sum it up=if you did things the right way and saved for a home, financed it responsibly, and paid your taxes already, you get to bail out the stupidity of others. If they got a bad loan, it is your job to bail them out. Another failed policy that the government caused and it will once again be on the backs of taxpayers. Chris Dodd, the imcompetent senator that came up with this bill, is such a hypocrite because he received favorable treatment from Countrywide, the lending institution that Barack Obama would blast on an almost daily basis. That is, until some of his friends were found to be involved with them and now keeps his mouth shut about it.
http://newsbusters.org/people/chris-dodd
http://tsfiles.wordpress.com/2008/03/17/the-cause-of-the-subprime-mortgage-collapse/
Duration : 0:9:55
Check out my site at http://mrmortgage.ml-implode.com
CA June Foreclosure Report
Duration : 0:10:21
Visit my new blog…
http://mrmortgage.ml-implode.com
Mr Mortgage March Foreclosure Report - Crisis Alert
Duration : 0:6:53
CHECK OUT MY NEW BLOG AT ML-IMPLODE!
http://mrmortgage.ml-implode.com
Mr Mortgage Apr Foreclosure Rpt
Duration : 0:8:14
URGENT- THIS IS THE MAY REPORT NOT THE JUNE REPORT AS I STATED IN THE VIDEO. I WISH I WAS GOOD ENOUGH TO PREDICT FORECLOSURES THREE WEEKS IN ADVANCE! DOH!
CHECK OUT MY NEW BLOG AT ML-IMPLODE!
http://mrmortgage.ml-implode.com
Mr Mortgage May CA Foreclosure Report
Duration : 0:9:42
Isnt everything the last 5 years seem to be about some big money real estate scam? Here is an A&E “Flip This House” scam that was shown to viewers.
Part 2 of this story is located HERE http://www.youtube.com/watch?v=zM8pXjLyGtE
Duration : 0:7:6
CHECK OUT MY NEW BLOG AT ML-IMPLODE!
http://mrmortgage.ml-implode.com
Duration : 0:9:58