Even Hitler, apparently, was a sucker for easy credit.
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We (www.mysocal-realestate.com) have been tracking foreclosures in Orange County since the fall. The numbers have been increasing steadily, especially in Santa Ana and Anaheim. 10600 (NOD, NTD, REO) is a lot bigger number than the mainstream media let on. The worst part is the erosion on wealth affecting all home owners. We make use of specialized software to compare the foreclosure activity to the MLS data to find pockets of opportunity and risk. One of the main features we use extensively is sort by $/sqft with filters for size, type, and # of bedrooms to see which cities and areas are worse off than others. We meet each Friday afternoon in Laguna Beach and are more than happy to share our property and market finding with others. Or just drop us a line through out website. www.mysocal-realestate.com
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FORECLOSURES-Coming to a neighborhood near you. Pictures and broadcast are from the reporters of the Denver Post. www.denverpost.com
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Part 1 is located at link below www.youtube.com
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How many times in a lifetime are we going to bubble up the same market? Music video was made 2 years after the last housing bubble in 1992.
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Visit my new blog… mrmortgage.ml-implode.com Mr Mortgage March Foreclosure Report – Crisis Alert
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Support this Channel: Subscribe & Comment. Thank you all! Listen to RealtyTrac analysis of foreclosure tsunami January 26th, 2009, 5:45 pm Interview with foreclosure tracker Rick Sharga of RealtyTrac on whats the chance that what he calls a tsunami of missed mortgage payments will abate anytime soon. I had to cut the first 4 minutes due to the time limit. But, please listen closely at 2:18, Mr. Sharga talks about Shadow Inventory. It’s shocking~! What I learned today will have devastating …
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**Check out my blog at mrmortgage.ml-implode.com Mr Mortgage May CA Foreclosure Report … mr mortgage forclosure subprime alt-a housing bubble bust home crisis Lehman Bear Stearns recession banks real estate
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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 www.youtube.com
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Foreclosed Homes being Vandalized by Former Homeowners
by Tony on December 27, 2009
Rather Unfortunate, but it seems the Foreclosure Firestorm will only increase and compound itself throughout the summer. The Alt-A loans will be resetting also, so a large bulk of soon to be former homeowners will find themselves in Negative Equity in relationship to Loan to Value. An estimated 2.4 million homeowners will lose their homes, multiplied by spouse and kids, truly an exodus that would put the Israelites to shame in number.
Tagged as: bubble, Commentary&Analysis, estate, Firestorm, foreclosure, Las, real, Vegas
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