realestatemarketingthisweek.com – Rent skimming and other foreclosure scams. Home Owner Beware. – Part 8 – And what rent skimming is, a shark as I like to call them, a shark will go out and find a vacant house, and they will go in and change the locks and maybe clean it up a little if need be but then they will rent it out to somebody. They will move that person into the house, they will get their $1000 or $1500 a month rent payment on the house, and 3 or 4 months down the road the repo man comes knocking on the door and says, hey you have to get out. He says this to the tenant of course and the tenant says, hey you dont own the house, and it turns out that the guy that they were paying rent from for the last 3 or 4 months didnt own the house either. So you are talking about somebody, a shark, who goes out and finds a vacant house, breaks in, changes the locks, cleans it up, puts it up on Craigs list and rents it out and collects the money. He never owned the house, he never Continue reading Foreclosure Meltdown Fraud and Scams – Avoid Foreclosure Sharks – RealEstateMarketingThisWeek.com
realestatemarketingthisweek.com – Foreclosure Rescue Scams and How to Protect Yourself – Part 7 – The Foreclosure Sharks, you have written this book or I think it’s called a white paper. Free report whatever you want to call it its packed full of really good and interesting information. It’s called The Foreclosure Sharks – A look at the rampant theft of Americans homes through foreclosure rescue scams. And folks I have to tell you I think we’re going to spend the next week, the majority of the show talking about what the heck is going on out there. And what you need to do to protect yourself in case you should happen to be against this problem. You really need to know what your options are. This free report is available online at mortgageanswerman.com. You have got to get this. The information is really good, and one of the taglines that you have here Dan is, Theres blood in the water and the sharks can smell it. Right. What made me actually write this was a number of years ago I had been working with people in foreclosure for years, and it was just a way to let them know what Continue reading Foreclosure Mortgage Fraud – Help Stop Foreclosure Rescue Scams – RealEstateMarketingThisWeek.com
realestatemarketingthisweek.com – World wide recession caused by the mortgage melt-down. Is inflation far behind? – Part 6 – What their ratings were based on was simply that nobody thought real estate would go down again. They were just going to keep going up forever, doesn’t really matter if you call it AAA or BBB. Isnt going to matter if the note never gets called. We certainly saw that for years in the mortgage industry. We would refinances somebody and a couple of years later they would call us up again and say hey my house went up $100000 in value and I bought a car and a boat and my kids need to go to school and give me another hundred grand out of my property, and it just kept going up forever and ever and ever and as long as that was happening everything was just fine. But then as we know everything just stopped. There’s only so much leverage that could exist out there and that is why the stop started if you will. Because as that leverage continued to balloon; how much more leverage can a Wall Street firm or a bank take on to buy up Continue reading Loan Modification – Home Mortgage Crisis causes Recession – RealEstateMarketingThisweek.com
realestatemarketingthisweek.com – CDOs and the disgraceful actions of the Bond Rating Agencies – Part 5 – We just talked about the process regarding your mortgage lender and having standing, which is a legal term, which was a little complicated Dan. I’m not going to lie to you. That is why all the information is on the website, MortgageAnswerman.com And you can also go to VelocityFinancial.com. There is a link there to Dan’s website. Dan is talking about breaking these mortgages down and eventually selling them off to Bangladesh in different tranches. Some of the servicers are actually in India, of all places. If you have a mortgage that you’re having trouble with and you need to call somebody to get help, you are actually calling India to talk to somebody about your mortgage here in Phoenix. I dont really know why, but none the less, Brett, you wanted to address this from a financial advisor standpoint Yes, I am pretty immersed in this because what Dan was describing in these collateralized debt obligations, CDOs, CMOs etcetera, does get a little complex. I think I can clarify it a bit as you may feel that this doesnt apply to me, is Continue reading Real Estate Financing – Mortgage Meltdown Fraud and Scams – RealEstateMarketingThisWeek.com
realestatemarketingthisweek.com – CDOs and the disgraceful actions of the Bond Rating Agencies – Part 5 – We just talked about the process regarding your mortgage lender and having standing, which is a legal term, which was a little complicated Dan. I’m not going to lie to you. That is why all the information is on the website, MortgageAnswerman.com And you can also go to VelocityFinancial.com. There is a link there to Dan’s website. Dan is talking about breaking these mortgages down and eventually selling them off to Bangladesh in different tranches. Some of the servicers are actually in India, of all places. If you have a mortgage that you’re having trouble with and you need to call somebody to get help, you are actually calling India to talk to somebody about your mortgage here in Phoenix. I dont really know why, but none the less, Brett, you wanted to address this from a financial advisor standpoint Yes, I am pretty immersed in this because what Dan was describing in these collateralized debt obligations, CDOs, CMOs etcetera, does get a little complex. I think I can clarify it a bit as you may feel that this doesnt apply to me, is Continue reading Real Estate Financing – Mortgage Meltdown Fraud and Scams – RealEstateMarketingThisWeek.com
realestatemarketingthisweek.com – Is the Media hype about jobless claims helping to push down property values? – Part 3 – Now we were talking in the previous segments about the current economy and the pitfalls. Let’s talk about that more deeply, these jobs numbers. What should we make of this? You know, its an interesting point, I keep hearing the media spin that this is the next Great Depression, talking about bread and soup lines and free government cheese and all that kind of stuff. That is absurd to me. The actual jobless number that was reported before the end of November for the past month reached a higher level for us as a country of 6.7%. There were 530000 jobs lost during that month, but when you put that in the context of the 6.7% onto other historic recessions that number is still quite low. Yes it’s tough, I get that, but we were riding high for so long that we tend to forget that and think this is as bad as its ever been. Yes we got accustomed to job creation and this euphoria existed in the United States for decades. And that’s fine. These are economic cycles that Continue reading Real Estate Values – Jobless claims affecting Property Values – RealEstateMarketingThisWeek.com
realestatemarketingthisweek.com – Is the Media hype about jobless claims helping to push down property values? – Part 3 – Now we were talking in the previous segments about the current economy and the pitfalls. Let’s talk about that more deeply, these jobs numbers. What should we make of this? You know, its an interesting point, I keep hearing the media spin that this is the next Great Depression, talking about bread and soup lines and free government cheese and all that kind of stuff. That is absurd to me. The actual jobless number that was reported before the end of November for the past month reached a higher level for us as a country of 6.7%. There were 530000 jobs lost during that month, but when you put that in the context of the 6.7% onto other historic recessions that number is still quite low. Yes it’s tough, I get that, but we were riding high for so long that we tend to forget that and think this is as bad as its ever been. Yes we got accustomed to job creation and this euphoria existed in the United States for decades. And that’s fine. These are economic cycles that Continue reading Real Estate Values – Jobless claims affecting Property Values – RealEstateMarketingThisWeek.com
realestatemarketingthisweek.com – Have we hit the bottom of the Real Estate Market yet? – Part 2 — And Michael as we mentioned before I’m in the middle of writing a book that is entitled “Real Estate’s Future”. And again what it is, is essentially a scoring model, where we have taken hundreds of different factors, enter them all together and what we look at is that this model can actually call the top and bottom of the real estate market. With this model we were actually able to call the top of the real estate market in Phoenix, Arizona six months before it happened. Now we’re working on creating a national model. What we’re seeing today in the building numbers is that they came out really bad. And there was something on Zillow the other day that said that Americans have lost trillions of dollars in real estate value. And its easy to get all emotional about this especially if you’re one of those people who are losing their homes. And you are one of the people in trouble, but eventually we will get to the bottom market again. Hopefully by then I’ll have my Book complete and we will Continue reading Real Estate Values – At the bottom of the Real Estate Market? – RealEstateMarketingThisWeek.com
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