Posts Tagged ‘HOUSING’
655-57 ALLEN ST SYRACUSE, NY 2 FAMILY HOME FOR SALE
BEAUTIFUL 2 FAMILY HOME NEAR SYRACUSE UNIVERSITY. THIS CLASSICAL HOME HAS 2 LARGE APARTMENTS. EACH APARTMENT HAS 3 BEDROOMS 1 BATHROOM, FORMAL DINING ROOM,LARGE LIVING ROOM, HARDWOOD FLOORS, NEW KITCHEN APPLIANCES. THE NEIGHBORHOOD IS PICTURE PERFECT. RIGHT OUT OF A NORMAN ROCKWELL PICTURE. THIS HOME IS LOVINGLY WELL CARED FOR AND IMMACULATE. THIS CLASSICAL STYLE HOME IS A REAL BEAUTY. IF YOU LIVE ON ONE SIDE AND RENT OUT THE OTHER SIDE YOUR MONTHLY MORTGAGE WOULD BE EST. $400. THE HOME IS CLOSE AND WALKING DISTANCE TO THE SU CAMPUS, SHOPPING AND RESTAURANTS
Duration : 0:2:24
Just one of possibilities!
Newport Sees U.S. Foreclosures at `Record Highs’ in 2010: Video
Feb. 10 (Bloomberg) — Patrick Newport, an economist with IHS Global Insight, talks with Bloomberg’s Carol Massar about a report showing one-fifth of U.S. homeowners owe more than their properties are worth and the outlook for mortgage foreclosures.
In the fourth quarter, 21.4 percent of owners of mortgaged homes were underwater, up from 21 percent in the previous three months and down from 23 percent in the second quarter, according to Zillow.com. (Source: Bloomberg)
Duration : 0:2:38
Real Estate Expert: Foreclosure Rates to Get Worse
Realtytracs Rick Sharga argues the foreclosure rate will get worse in 2010.
Duration : 0:3:53
First-time Homebuyers Turn Foreclosures Into Home
Learn how this family bought their first home, a foreclosure that was just right. RE/MAX agents have professional experience helping families with distressed properties.
Duration : 0:2:58
Dan’s Foreclosure Story
Dan and his family lost their home due to broker’s lies and avarice
We must put a personal face on foreclosure, and we must take action if we have any chance of preventing millions of people from losing their homes. Have you been affected by the housing crisis? Do you know anyone who has? We’re asking you to record your story, or the story of a friend, family member, or neighbor, and send it to us in a video or through a written submission. We’re collecting stories to display on http://FightingForOurHomes.com.
Duration : 0:3:26
Rosner Says Principal Cuts Needed to Stem Foreclosures: Video
Jan. 12 (Bloomberg) — Joshua Rosner, managing director at Graham Fisher & Co., talks with Bloomberg’s Lori Rothman about mortgage modification programs. ΒΆ
Banks may be forced to resort to a remedy they’ve been trying to avoid, principal reductions, as another wave of foreclosures looms and payments on risky loans rise, Bloomberg BusinessWeek magazine reports in the Jan. 18 issue. (Source: Bloomberg)
Duration : 0:5:7
Wachter Says Foreclosure Crisis Still Threat to Recovery: Video
Jan. 11 (Bloomberg) — Susan Wachter, a real estate professor at the Wharton School at the University of Pennsylvania, talks with Bloombergs Lori Rothman about the potential impact of prime foreclosures on the U.S. economic recovery.
Wachter also discusses the unemployment rate’s effect on the housing market, and the implications of Federal Reserve monetary policy for banks and homeowners. (Source: Bloomberg)
Duration : 0:4:45
Real Estate Time BOMB. Foreclosures and the Collapse of the Real Estate Market
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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 Asset 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
Foreclosures leave US tenants in the lurch – 18 Feb 09
The number of tenants being affected by the housing crisis are growing as foreclosures continue to rise across the US.
In America, it is not just homeowners who feel the full effect of foreclosure. Many people who rent their homes, are facing eviction.
Al Jazeera’s Casey Kauffman met the Hinojosa family in Los Angeles, who were recently evicted from their home.
Duration : 0:2:43