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3 episodes with foreclosure crisis
2 episodes with foreclosure crisis
2 episodes with foreclosure crisis
On the campaign trail, Vice President Kamala Harris often talks about standing up for voters. One of her biggest tests of this promise came more than a decade ago, during the peak of the subprime mortgage crisis. Reporter: Marisa Lagos, KQED Riverside's city council struck down a proposal by the city attorney and police department to prohibit items that could be used as weapons during protests. Reporter: Anthony Victoria, KVCR Learn more about your ad choices. Visit megaphone.fm/adchoices
Everyone keeps talking about an incoming surge of home foreclosures. Over the past few years, online crash predictors shouted from the rooftops about how another foreclosure crisis is always on the way, and we're only months from a full-on meltdown. How much of this is true, and how much of it is pure clickbait? We've got Rick Sharga, Founder and CEO of CJ Patrick Company, one of the world's leading housing market intelligence and advisory firms, on the show to tell us what the data points to. Ever since the pause on foreclosures during the pandemic, homeowners have been getting win after win. They were able to save up plenty of cash, their home values skyrocketed, and they could refinance at the lowest mortgage rates on record. Now, with high rates, still high home prices, and steady demand, homeowners have most of the power, EVEN if they're behind on payments. But, as the economy starts to soften, could the tapped-out consumer finally force some homeowners to default on their loans? In this BiggerNews episode, Rick will give us all the details on today's current foreclosure landscape, walk us through the three levels of foreclosures, give his 2024 foreclosure prediction, and share the economic indicators to watch that could signal a coming foreclosure crisis. In This Episode We Cover A 2024 update on foreclosure rates, defaults, and Rick's foreclosure forecast for next year The three levels of foreclosure and why most homes WON'T ever be defaulted on Rising consumer debt and what happens as more Americans default on their credit card and auto loans Housing supply and whether or not a foreclosure crisis could finally give us some inventory Economic indicators to watch that could signal a rise in foreclosures How to use your home equity to invest in real estate (WITHOUT putting yourself at too much risk!) And So Much More! Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-871 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
Demystify the pre-foreclosure process with industry insiders! Join Rick Hamrick, William Bonell, and Matthew Merenoff at the REI Event Unveiled and uncover the truth behind pre-foreclosure myths. These seasoned experts from IPA for REI and Real Estate Recovery Group are here to provide solutions for distressed property owners and share their combined 65+ years of experience. If you're a real estate professional looking to thrive in any economy, this is the event for you.Discover strategies for:Navigating pre-foreclosure and forced sale situationsCreative financing and wholesalingBuilding a resilient real estate investment portfolioHere's what you'll gain:Real-life experience and case studiesNetworking opportunities with top industry professionalsActionable insights on growing your business in 2024 and beyond
Tesla Stock Falls After Its Earnings MiniDisaster, September Home Sales Drop to the Lowest Level since the Foreclosure Crisis, Netflix stock Surges as Profit beats Expectations and More on Rob's next seminar featuring Chad Burton October 28th at the Crown Plaza Foster City
Tesla Stock Falls After Its Earnings MiniDisaster, September Home Sales Drop to the Lowest Level since the Foreclosure Crisis, Netflix stock Surges as Profit beats Expectations and More on Rob's next seminar featuring Chad Burton October 28th at the Crown Plaza Foster CitySee omnystudio.com/listener for privacy information.
The bill to ban TikTok, the (unlikely) possibility of a foreclosure crisis, Powell's “Ways to Go” warning, and Instagram's new away messages are today's topics as Taya Dicarlo and Brooks Landry join Byron Lazine and The Broke Agent. Stand out as the go-to real estate agent with our easy-to-share blog posts, social media graphics, videos, guides, and more with KCM ➡️ https://www.trykcm.com/BAM Grab your FREE copy of BAM and KCM's ebook, Combine the Power of Data and Video: https://brokeagentmedia.lpages.co/combine-the-power-of-data-and-video-kcm/ Subscribe to this channel: https://tinyurl.com/aatxhaka Subscribe to BAM Newsletter: http://eepurl.com/hZU-Vn Check out Broke Agent Media: https://brokeagentmedia.com/ Timestamps: 00:00–02:46 Intro 02:46 Topic #1: The bill to ban TikTok 11:28 Cross-over from TikTok to Instagram 13:54 Byron's question for real estate agents 15:10 Topic #2: Foreclosure Crisis Highly Unlikely 26:52 Young adults living at home and buying luxury items 30:01 Thoughts on the accusation of “rent-shaming” 31:25 Topic #3: Powell's “Ways to Go” warning 39:45 Why you need a game plan—and not just for your own business 45:26 Topic #4: Instagram Away Messages 46:17 The Broke Agent's favorite new feature Connect with Byron: Website: https://byronlazine.com Instagram: https://www.instagram.com/byronlazine TikTok: https://www.tiktok.com/@byronlazine —-------------------- Connect with The Broke Agent Instagram: https://www.instagram.com/thebrokeagent/ TikTok: https://www.tiktok.com/@thebrokeagent —-------------------- Connect with Taya: https://www.instagram.com/tayadicarlo/ —-------------------- Connect with Brooks: https://www.instagram.com/brookslandrygroup/ —-------------------- Resources: https://brokeagentmedia.com/the-bill-to-ban-tiktok-and-what-it-means-for-your-business/ https://brokeagentmedia.com/foreclosure-crisis-highly-unlikely-even-with-redfins-predicted-home-price-declines/ https://www.bloomberg.com/news/articles/2022-12-14/fed-downshifts-to-half-point-hike-sees-5-1-rate-next-year https://brokeagentmedia.com/instagram-updates-away-messages-notes-candids-and-collabs/ https://www.instagram.com/p/CmJcx1vN0xG/?igshid=YmMyMTA2M2Y= #tiktokban #jeromepowell #realestatepodcast
ARE WE HEADED FOR ANOTHER MORTGAGE DEFAULT CRISIS? For the most part consumer credit is healthy, but will a Recession hit the mortgage industry harder?Here from Rick Sharga, Executive Vice President Market Intelligence at ATTOM as he breaks down the latest in mortgage foreclosure trends.Follow us on social media!linkedin.com/company/vantagescoretwitter.com/vantagescorefb.com/vantagescoreinstagram.com/vantagescoreyoutube.com/vantagescore
On this podcast episode, Matt Theriault and I will discuss if there will be a foreclosure tsunami, how to take advantage of the opportunities in this market we are currently in, and how to best take action. If you're looking to get started in real estate, right now is the best time. Find out how to position yourself. Check it out! Get More From Matt: YouTube @epicrealestateimvesting https://reieducationacademy.com/epic https://reieducationacademy.com/legends Recommended Reading: Who Not How- https://amzn.to/3OqdTok Breaking the Habit of Being Yourself- https://amzn.to/3OMMfRY Get More from Jamel Here: https://linktr.ee/jamelgibbs
The Housing Foreclosure Crisis | The 2022 Real Estate Crash FREE STOCKS GROW YOUR INVESTING PORTFOLIO
This article explains it well - Extraordinarily high levels of home equity, thanks to the recent runup in home prices, has struggling borrowers in a far better position now than they were at the start of the pandemic. There are still 1.618 million borrowers in forbearance programs (down from roughly 5 million at the peak in May 2020), or 3.1% of all outstanding mortgages, representing an unpaid balance of $313 billion. But 98% of those troubled borrowers now have at least 10% equity in their homes, not counting their missed payments. Including those payments, 93% still have more than 10% equity. Given today's tight housing market, the majority could easily sell and still pocket some profit. “Such strong equity positions should help limit the volume of distressed inflow into the real estate market as well as provide strong incentive for homeowners to return to making mortgage payments — even if needing to be reduced through modification,” said Ben Graboske, president of data and analytics for Black Knight.
The coronavirus recession is all but certain to cause a spike in foreclosures. A prominent housing analyst expects hundreds of thousands of defaults next year as mortgage forbearance periods end. The federal government predicts several billion dollars in loan losses at Fannie Mae and Freddie Mac, the mortgage giants that hold two-thirds of American mortgages. At first glance, those projections look bad. On closer inspection, however, this round of foreclosures should be mild in comparison to the financial carnage of 2008 to 2010. ________________________ HOSTED BY: Dan French Realtor | Key Realty LLC License # S.0193843 9890 S Maryland Parkway Las Vegas, NV 89183 702-557-6176 https://www.lvhomeprofessionals.com Follow Us on Social Media! Instagram: https://www.instagram.com/danfrenchlv/ Facebook: https://www.facebook.com/TheMarketSna... Twitter: https://twitter.com/AskDanFrench _______________________ Richard Raines License # B.0033384.LLC Atlas Group LC Property Management 601 S. Rancho Dr. B17 Las Vegas, NV 89106 (702) 916-2200 http://www.property-mgmt.com http://www.property-mgmt.com/availabl... Bret Jenny Broker Associate License # BS. 1001584 Bret Jenny Real Esate 1780 W Horizon Pkwy # 100 Henderson NV 89012 702-628-3476 https://www.bretjenny.com/ Special Guest: Chris Connell Connell Law https://www.connellaw.com 702-266-6355 ________________________
67% Increase In Foreclosures as Covid Forbearances Come To an End. Tim and Julie Harris explain why that headline is NOT the early warning sign you think it is. Find out the facts behind the numbers. What's really happening out there versus what you're reading in the headlines. Is there really a foreclosure crisis coming around the bend? Do you believe that tomorrow will be better than today or are you waiting for a whole new housing crisis? Schedule A Free Coaching Call Listen on iTunes Listen on Spotify Listen on Stitcher Learn more about your ad choices. Visit megaphone.fm/adchoices
Support the show: http://tamikaellsworth.com See omnystudio.com/listener for privacy information.
Lee Camp looks into a solution to humanity's widespread destruction of agricultural land. Hydroponic farming technologies offer society the ability to feed everyone using less land and less water. The corporate world is always looking for ways to ruin anything good, but, barring their interference, these technologies could improve billions of lives. Vertical, hydroponic farming is an efficient way for humanity to move forward in feeding itself. Camp also reports on the state of Chinese government, the incoming foreclosure crisis in the US, Joe Biden's continued march to climate catastrophe, and more. Video-game industry workers have a problem with abusive labor practices. Anders Lee and Camp investigate how the billion-dollar industry is taking advantage of workers through forced overtime, scarce job security, schemes to pay low wages, and union-busting efforts. Naomi Karavani joins Lee to cover how the free market for public data exposed a priest, the reasons for the Frito-Lay strike, and more.
Many changes are coming that will affect the POSSIBLE foreclosure crisis for the Texas real estate market: ⚡ The end of mortgage forbearance ⚡ New Foreclosure Rule ⚡ 40 Year Loan for homeowners affected ⚡ Lower interest rates for those with ZERO equity ⚡ and so much more! ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
July Housing Market Forecast for Orange County Hot Housing Summer What's been happening over the last few weeks? -Inventory is rising - Up 8% in the last two weeks -Demand is shrinking - Down 5% in the last two weeks -Interest rates on the rise again but still hovering around 3% -Mortgage applications are dropping (good indication that future demand over the next 30-90 days will continue to decrease) What to Expect in July and the Remainder of Summer Buyers: Good News: Inventory will continue to rise week after week giving you more options and less competition for your new home Bad News: Appreciation as well as interest rates will also be rising as we go through Summer and transition into Fall. The longer you wait to get into the market, the higher home prices will be and the more you will be paying on your mortgage. Sellers: Good News: The market will be in your favor for the foreseeable future. If you price your home correctly the first time, you should receive a good amount of interest. Can you expect 15-20 offers? Probably not, but you should be able to get a good amount of traffic and interest when placing your home on the market Bad News: Between now and the end of Summer (as well as into Fall) you will see demand slowly decrease, appreciation slow, and interest rates rise. If you are not planning on buying a new home with the money you make off your current homes sale you can probably wait a bit longer to get in on the market without too much of an issue. However, if you are trying to buy a new home after selling your current place, you really have to watch interest rates carefully, as a slight shift up will more dramatically impact your next monthly mortgage payment compared to the extra 1% extra appreciation you might get by waiting to sell. If you are thinking of buying and selling at the same time, now is a good time to take advantage of the low rates and rising inventory on the buying side and the still very high demand on the selling side. Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad ClubHouse: @realestatedad
The federal government's foreclosure moratorium is ending later this month. We'll look to see if that portends foreclosures are about to come roaring back.
Economists expect to avert a foreclosure crisis comparable to that of ’08. On this State of the Market podcast with Sean O’Toole of PropertyRadar, we discuss why. Sean also shares foreclosure data and his expert opinion on what these numbers might mean for real estate in 2021. Listen and learn why we may not see a huge spike in foreclosures, how to combat current inventory challenges as a homebuyer, when mortgage rates will hit one percent, and so much more. Don’t miss it! Visit hibandigital.com/toolbox Claim Real Estate Discounts, Free Trials, and More Visit hibandigital.com/resources Sponsors Rebus University - Get Over $10,000 in Real Estate Training for as Little as $97 Visit futureofrealestatetraining.com PadHawk - Find Your Market's Best Leads for FREE with a 7-Day Trial Visit padhawk.com Roddy's FLS - Discover Unbeatable Real Estate Deals with a FREE Foreclosure List Visit 4closure.info Learn more about your ad choices. Visit megaphone.fm/adchoices
Most Realtors you talk to right now are talking about how the market is going to get better when foreclosures start happening - but is that really going to happen? Eric Forney and Michael Bounds share their thoughts on the idea that we are approaching a foreclosure crisis, and, SPOILER ALERT, they aren't buying it. They discuss how the current issue in real estate right now is a supply problem not a problem necessarily caused by a recession. They break down how the provisions put in place by the CAREs act are such that the government is doing what they can to prevent foreclosures from happening. Similarly, banks aren't trying to get into the home ownership business, and Michael shares how long the typical foreclosure process takes, and how much can change in your life in that time to keep you from actually ending in a foreclosure. They discuss how the pandemic has disproportionately affected minority groups in regards to home ownership and how they hope policy changes can work to close that gap. Don't forget to check out all the episodes on YouTube! https://www.youtube.com/channel/UCTz80Sf-vkaLV0aILIUVpxg
Will there be a foreclosure crisis and housing market crash in 2021? Listen in to hear our thoughts. We want to hear from you! If you would like to connect with us, if you have any questions, or if you need a realtor in Florida you can reach us at movingtofloridashow@gmail.com. You can also connect with us on social media on Facebook and Instagram: @movingtofloridashow and for Twitter our handle is @movingtoflshow. Be sure to subscribe to the show if you like our content so that it will automatically download to your device and get you one step closer to moving to Florida!
Daryl Fairweather is the chief economist of @Redfin. Prior to joining Redfin, she was a senior economist at Amazon working on problems related to employee engagement and managing a team of analysts. During the housing crisis, Daryl worked as a researcher at the Boston Fed studying why homeowners entered foreclosure. This week, we cover migration trends, what buyers are looking for in a new city, which pandemic real estate trends (like work from home) are here to stay, and what real estate professionals should know about trends in 2021.Get your questions answered on the upcoming show by posting your questions in our community: https://bit.ly/ddre-2700:00 The Data Driven Real Estate Podcast Welcomes Daryl Fairweather, PhD, Chief Economist of Redfin00:59 What is Redfin and Redfin Concierge?04:05 Foreclosure crisis in 2021?05:25 COVID-related migration and real estate prices12:14 What real estate trends in 2020 were surprising?13:24 What is behavioral economics?19:23 Gen Z and Y trends in real estate?24:06 Is work from home the new normal? 29:50 What are people looking for when they move to a new city? 35:43 Are there any specific criteria that people look for when buying a home?37:03 What real estate trends should we expect in 2021? Affordability? Interest rates?39:56 Cities are going to invest in culture to keep people from moving?41:22 Does lower interest rates increase home affordability? 45:35 Baby Boomer real estate trends?49:07 Will the US mimic Japan on inflation and interest rates?
Today's HousingWire Daily features an exclusive rerun interview with Redfin's Daryl Fairweather. In this episode, Fairweather explains why she believes the U.S. housing market is likely to withstand a wave of foreclosures once mortgage forbearance comes to an end.
In this episode, we'll discuss the biggest fear in real estate: are we headed towards another foreclosure crisis? Why or why not?
As 2020 comes to a close, more Oregonians are struggling to pay for their housing. This week on Beat Check with The Oregonian, reporter Jamie Goldberg talks about the challenges facing renters, homeowners and business owners. The state Legislature is expected to confront the issue in some form on Monday, the same day this episode is released. But their action now might only delay — not solve — a looming eviction and foreclosure crisis in 2021. You can support this podcast and our local journalism with a subscription to OregonLive. Go to oregonlive.com/podsupport. Thank you. See acast.com/privacy for privacy and opt-out information.
A number of critical programs that have protected Oregonians during the pandemic are at their end -- which means thousands of people could soon be facing severe financial problems. That's why legislators have been working to hammer out a plan for a one-day legislative session. But so far, no plan has materialized.
Today's HousingWire Daily features an exclusive interview with Redfin's Daryl Fairweather. In this episode, Daryl discusses why she believes the U.S. housing market is likely to withstand a wave of foreclosures once mortgage forbearance comes to an end.Here is a small preview of today's interview with Fairweather. The transcript below has been lightly edited for length and clarity:HousingWire: Alright, now I want to focus on Redfin's latest report, which focuses on the nation's forbearance and foreclosure activity. In the article, Redfin highlights that more than 3.3. million U.S. homeowners will be on the hook for delinquent payments when mortgage forbearance ends, and while some of them will contribute to a wave of foreclosures, most will be able to work with their lenders to either refinance their mortgage or sell to cash in on rising home values. Can you explain this more in detail for our listeners? Daryl Fairweather: During the pandemic, we've had mortgage forbearance, which has been a really great option for people who are worried about a job loss or declining income. For many, not having a mortgage payment has been one less thing to worry about. While there's uncertainty about where the economy is headed not all of those who have chosen to defer their loans are going to end up in foreclosure. The good news for them is that home values have gone up quite a bit during the pandemic. In fact, they've risen over 6%, and most people have a lot of equity in their homes. These people have options. They can refinance their mortgages, which means they'll be able to refinance to lower interest rates, potentially even reducing their payments below what they were initially paying prior to the pandemic. HousingWire Daily examines the most compelling articles reported from the HousingWire newsroom. Each afternoon, we provide our listeners with a deeper look into the stories coming across our newsroom that are helping Move Markets Forward. Hosted by the HW team and produced by Alcynna Lloyd and Victoria Wickham.HousingWire articles related to this episode:· Mortgage delinquencies expected to remain above pre-pandemic levels until 2022· Here's why we won't see a housing crisis after COVID-19· Pandemic may lead to foreclosure crisis, CoreLogic says· Despite moratoria, foreclosures increase 20% in October
Ron Siegel discusses local and national current events, politics, personal and business finance with a few mortgage tips along the way. A Southern California mortgage expert and bonafide political junkie, Ron Siegel delivers intelligent, entertaining radio that makes the hard news of the week easy to understand! Ron Siegel will discuss: How to Avoid Holiday Debt and Stress: Give the Gift of Not Giving; Real Time Real Estate; Your Credit Matters; Mortgage Minute; Word on Wealth; and so much more. Ron Siegel, consumer advocate and mortgage lender, discusses anything that affects the roof over your head, your bank account or other items that will benefit you / your family. Reach Ron Siegel at Ron Siegel: 800.306.1990Ron Siegel: Ron@RonSiegelRadio.comwww.RonSiegelRadio.comwww.SiegelLendingTeam.com your Newport Beach Mortgage LenderMonthly Home Equity Monitor: www.SLTHomeDigest.com Ron Siegel, Your La Quinta Mortgage Lender offers: Conventional Loans, FHA Loans, USDA Loans, Refinancing, and Reverse Mortgages #RonSiegelRadio #Mortgage #Housing #Realtor #RealEstate
Rick Sharga, Executive Vice President of Marketing at RealtyTrac, talks with Jason Hartman about forbearances and foreclosures. Does one lead to the other, and how will this differ from the great recession? How has COVID-19 changed how millennials approach renting vs. buying? Rick Sharga also distinguishes between foreclosures and opportunities. Rick also gives an excellent insight into every sector of what he thinks is to be expected in the commercial real estate market. Key Takeaways: [1:00] Everyone is asking, "is Covid going to cause a housing crash?" [2:00] Covid has not slowed down the housing market even a little bit. [3:45] The pandemic accelerated millennials' trend to stop as urban renters and move to a place of homeownership. [10:30] The 2006 median price home was $650 more expensive than the median price home today, adjusted for interest rates and inflation. [12:00] Rick distinguishes between foreclosures and opportunities. [18:00] Will 3 million in forbearance programs end up in foreclosures? [21:00] What happens when all of these loans come out of forbearance? [26:45] Discussing California's new law that the institutional buyer cannot buy foreclosures. [28:45] We already see a higher number of commercial foreclosure properties popping up. [30:00] Rick breaks down his expectations for each sector of the commercial real estate environment. [33:30] One of the most significant shortages in housing is in the low price tiers. Here's why. Websites: RealtyTrac.com PandemicInvesting.com JasonHartman.com/Ask JasonHartman.com/Start JasonHartman.com/Recordings JasonHartman.com/Asset JasonHartman.com/Webinar JasonHartman.com JasonHartman.com/properties Jason Hartman Quick Start Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes) 1-800-HARTMAN
Ron Siegel discusses local and national current events, politics, personal and business finance with a few mortgage tips along the way. A Southern California mortgage expert and bonafide political junkie, Ron Siegel delivers intelligent, entertaining radio that makes the hard news of the week easy to understand! Ron Siegel will discuss: Understanding the Process – Real Estate & Mortgage; Real Time Real Estate; Your Credit Matters; Mortgage Minute; Word on Wealth; and so much more. Ron Siegel, consumer advocate and mortgage lender, discusses anything that affects the roof over your head, your bank account or other items that will benefit you / your family. Reach Ron Siegel at Ron Siegel: 800.306.1990Ron Siegel: Ron@RonSiegelRadio.comwww.RonSiegelRadio.comwww.SiegelLendingTeam.com your Newport Beach Mortgage LenderMonthly Home Equity Monitor: www.SLTHomeDigest.com Ron Siegel, Your Newport Beach Mortgage Lender offers: Conventional Loans, FHA Loans, USDA Loans, Refinancing, and Reverse Mortgages #RonSiegelRadio #Mortgage #Housing #Realtor #RealEstate
Rick Sharga, Executive Vice President of Marketing at RealtyTrac, talks with Jason Hartman about forbearances and foreclosures. Does one lead to the other, and how will this differ from the great recession? How has COVID-19 changed how millennials approach renting vs. buying? Rick Sharga also distinguishes between foreclosures and opportunities. Rick also gives an excellent insight into every sector of what he thinks is to be expected in the commercial real estate market. Key Takeaways: [1:00] Everyone is asking, "is Covid going to cause a housing crash?" [2:00] Covid has not slowed down the housing market even a little bit. [3:45] The pandemic accelerated millennials' trend to stop as urban renters and move to a place of homeownership. [10:30] The 2006 median price home was $650 more expensive than the median price home today, adjusted for interest rates and inflation. [12:00] Rick distinguishes between foreclosures and opportunities. [18:00] Will 3 million in forbearance programs end up in foreclosures? [21:00] What happens when all of these loans come out of forbearance? [26:45] Discussing California's new law that the institutional buyer cannot buy foreclosures. [28:45] We already see a higher number of commercial foreclosure properties popping up. [30:00] Rick breaks down his expectations for each sector of the commercial real estate environment. [33:30] One of the most significant shortages in housing is in the low price tiers. Here's why. Websites: RealtyTrac.com JasonHartman.com/Ask JasonHartman.com/Start JasonHartman.com/Recordings JasonHartman.com/Asset JasonHartman.com/Webinar JasonHartman.com JasonHartman.com/properties Jason Hartman Quick Start Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes) 1-800-HARTMAN
Rick Sharga, Executive Vice President of Marketing at RealtyTrac, talks with Jason Hartman about forbearances and foreclosures. Does one lead to the other, and how will this differ from the great recession? How has COVID-19 changed how millennials approach renting vs. buying? Rick Sharga also distinguishes between foreclosures and opportunities. Rick also gives an excellent insight into every sector of what he thinks is to be expected in the commercial real estate market. Key Takeaways: [1:00] Everyone is asking, "is Covid going to cause a housing crash?" [2:00] Covid has not slowed down the housing market even a little bit. [3:45] The pandemic accelerated millennials' trend to stop as urban renters and move to a place of homeownership. [10:30] The 2006 median price home was $650 more expensive than the median price home today, adjusted for interest rates and inflation. [12:00] Rick distinguishes between foreclosures and opportunities. [18:00] Will 3 million in forbearance programs end up in foreclosures? [21:00] What happens when all of these loans come out of forbearance? [26:45] Discussing California's new law that the institutional buyer cannot buy foreclosures. [28:45] We already see a higher number of commercial foreclosure properties popping up. [30:00] Rick breaks down his expectations for each sector of the commercial real estate environment. [33:30] One of the most significant shortages in housing is in the low price tiers. Here's why. Websites: RealtyTrac.com PandemicInvesting.com JasonHartman.com/Ask JasonHartman.com/Start JasonHartman.com/Recordings JasonHartman.com/Asset JasonHartman.com/Webinar JasonHartman.com JasonHartman.com/properties Jason Hartman Quick Start Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes) 1-800-HARTMAN
Here are my thoughts about a possible foreclosure crisis on the horizon. Today I want to talk to you about a foreclosure crisis that might be looming on the horizon, and what it could mean for you. I’m sure you know how the pandemic and lockdowns have hurt the economy. Many people have lost jobs or had their hours cut significantly. As a result, they are struggling to make regular mortgage payments. You’ve probably also heard about various forbearance programs. These are temporary private and government programs that allow mortgage borrowers to postpone or even reduce their monthly mortgage payments. As it stands, 3.7 million borrowers are in mortgage forbearance programs. That’s about 7% of all active mortgages. Many of these folks just hit the six-month mark of mortgage forbearance. The big question is what will happen in another six months when the maximum term for these forbearance programs comes to an end? That brings me to the possibility of a foreclosure crisis. Indeed, many people will still not be able to make their mortgage payments as forbearance programs run out. Unfortunately, some will be forced into foreclosure. However, I’m not expecting a scenario like 2008. The difference comes down to current sky-high home prices and record-low mortgage rates. These unique circumstances mean that most homeowners have equity in their homes right now. In fact, home equity for homeowners with a mortgage rose 6.6% annually in the second quarter of this year. This rise in equity means homeowners have options, even if they are struggling to make payments. In other words, they can put their homes on the market and sell them rather than lose them to foreclosure. “About 7% of all active mortgages are in forbearance.” So what does this mean for you? Well, the current real estate market is severely short on its supply of homes. Homes are selling very quickly and at record prices simply because demand is so much higher than supply. Even if we don’t see a foreclosure crisis in the coming months (and I do not believe we will), there is likely to be a flood of new homes for sale on the market. It’s likely to put a chill on home price growth or even reverse it. We will enter a more balanced market, where buyers have more of a say. I bring this up in case you have been thinking about selling soon but are still on the fence. The current moment might be golden. The lack of supply right now means you could sell quickly and for top dollar. If you have any questions, whether you’re buying or selling, give us a call or send a quick email today. We have our fingers on the pulse of the Central Florida real estate market, and we can help you make the right decision for your specific circumstances. We look forward to hearing from you.
In this episode Victor, Martin & Mark discuss where the opportunities are to flip properties in this super hot market in October of 2020. Victor talks about how having clarity in your strategy will allow you to win regardless of what is going on in the market. There currently is a lot of scarcity mindset in the market right now due to the lack of inventory. This allows for sellers to get top dollars for their houses. The challenge is that as an investor its a bit harder to find deals and when you do find a deal we pay more for the property. They also talk about the government involvement in real estate and how the federal reserves is contributing to the current housing bubble. Mark shares what he's doing to position himself for a correction and what you should be doing to get better prepared. They also discuss the looming eviction crisis and the potential foreclosure crisis.To Reach Martin Perdomo "The Elite Strategist"martin@premierridgecapital.comIf you want to learn more on how to invest passively in Multifamily Real Estate visit our website https://www.premierridgecapital.com To get on our news letter http://eepurl.com/gDkX0P connect with us on social media Instagram https://www.instagram.com/elitestrategist/ Facebook https://www.facebook.com/theelitestrategist Like and subscribe to our YouTube Channel Martin Perdomo "The Elite Strategist"Check out our online course and learn How to wholesale Real Estate @ https://real-estate-investing15.teachable.com/p/real-estate-beginner-dealsCheck our Real Estate Investors Club meet-up Website https://stroudsburgrei.comGet our Free Habit Register by texting the word STRATEGIES to 33222
FICO scores have hit a record high, but is a perfect FICO score the best situation? Jason Hartman discusses FICO scores along with vacancy rates. What looks the best may not be the best. Rick Sharga, Executive Vice President of Marketing at RealtyTrac, talks with Jason Hartman about forbearances and foreclosures. Does one lead to the other, and how will this differ from the great recession? How has COVID-19 changed how millennials approach renting vs. buying? Key Takeaways: [1:25] You are assisting with a fundamental economic concept called price discovery. [3:00] FICO scores hitting a record high? [5:00] Do you want a perfect credit score or an ideal vacancy rate? [12:30] Let's compare rent decreases of two-bedroom units. [16:50] Number of homes on the market is down 39%. Rick Sharga [18:00] Everyone is asking, "is Covid going to cause a housing crash?" [19:00] Covid has not slowed down the housing market even a little bit. [20:45] The pandemic accelerated millennials' trend to stop as urban renters and move to a place of homeownership. [28:30] The 2006 median price home was $650 more expensive than the median price home today, adjusted for interest rates and inflation. Websites: RealtyTrac.com PandemicInvesting.com JasonHartman.com/Ask JasonHartman.com/Start JasonHartman.com/Recordings JasonHartman.com/Asset JasonHartman.com/Webinar JasonHartman.com JasonHartman.com/properties Jason Hartman Quick Start Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes) 1-800-HARTMAN
This Podcast is all about The Truth | Foreclosure Crisis 2020. I will quickly take you through the details on why people are even talking about a housing crisis (at least a several of the major talking points) and why they may be right, or they may be flat our wrong.Specifically, the topics I am going to tackle are mortgage delinquencies, a housing price bubble, an eviction crisis, and inflation (or interest rates).We are simply examining the facts, the latest statistics, and I interject my opinion at certain points. I may be wrong, I may be right, you may be wrong, or you may be right (right Billy Joel)!Remember, these are the hot button topics people are talking about. I don't have a crystal ball (I wish I did) so who knows how this ultimately will shake out. Here is the topic guide:1. Intro2. Mortgage Forbearance's3. Housing Bubble4. Evictions5. Inflation & The Eventual Rise In Interest Rates6. Close Out SummaryAnyway, as always let me know what you think in the comments. Hoping That at least makes some of the current arguments and real estate gossip make sense. Let me know which ones you would recommend in the comments.
Whenever you're ready to grow and scale your business, raise more capital, do bigger deals or get into real estate development here's how I can help you. One on one Coaching directly with Greg https://www.dickersoninternational.com/coaching Online Training and Education https://www.dickersoninternational.com/courses Subscribe to my YouTube channel Greg Dickerson here: https://www.youtube.com/user/agregdickerson/?sub_confirmation=1 Stay connected with Greg here: https://www.dickersoninternational.com/newsletter Subscribe to my Podcast The Greg Dickerson Show here: https://podcasts.apple.com/us/podcast/the-greg-dickerson-show/id1471436807?ign-mpt=uo%3D4 ------ Greg is a serial entrepreneur, real estate developer, coach, and mentor. He has bought, developed and sold over $250 million in real estate, built and renovated hundreds of custom homes and commercial buildings, developed residential and mixed-use subdivisions and started 12 different companies from the ground up. Greg currently mentors some of the top entrepreneurs, real estate investors and real estate developers in the country helping them grow and scale their business, raise more capital and do bigger deals. Greg's current clients have over $2 billion in AUM and deals in the process. ------ Follow and reach out to me on: Instagram: https://www.instagram.com/thegregdickerson/ Facebook: https://www.facebook.com/pg/thegregdickerson/ Twitter: https://twitter.com/agregdickerson LinkedIn: https://www.linkedin.com/in/agregdickerson/ Website: https://www.dickersoninternational.com/ Email: greg@dickersoninternational.com ------ Thank you for watching, please Like & Share. ------ #realestate #realestateinvesting #realestatedevelopment #houseflipping #apartmentsyndication #realestatesyndication #entrepreneurship #business #realestatedeveloper #landdevelopment #realestateinvestor #realestatedevloperinvestor #raisingcapital #howtobeanentrepreneur #howtobuyabusiness #howtostartabusiness --- Support this podcast: https://anchor.fm/greg-dickerson/support
There was a slight uptick in foreclosure filings in the U.S. as the pandemic continues and an agreement on a new stimulus to help ailing homeowners has stalled. Real estate data firm CoreLogic released a report that shows serious delinquencies spiked in June. Without government assistance or major job market improvement by the end of the year, those delinquencies could turn into foreclosures. The CoreLogic report shows that 2.9% percent of U.S. home loans were overdue by 90 to 119 days in June. That’s the highest they’ve been in 21 years, according to CoreLogic’s chief economist Frank Nothaft. He says: “If there are new government programs, maybe that alleviates some of the risks, but given what we know today, we could be looking at a serious delinquency rate that is four times higher at the end of 2021 than it was before the start of the pandemic.” www.NewsForInvestors.com
*The coronavirus recession is all but certain to cause a spike in foreclosures as mortgage forbearance periods end.* *Today's Stocks & Topics: HUM - Humana Inc., Selling Strategy, Precious Metals, CURLF - Curaleaf Holdings Inc., GRBK - Green Brick Partners Inc., Foreign Investments, Jobs Report, RGA - Reinsurance Group of America Inc., Cheap Money-Cheap Loans, CP - Canadian Pacific Railway Ltd., Dividends.* Support this podcast at — https://redcircle.com/investtalk-investment-in-stock-market-financial-planning/donations Advertising Inquiries: https://redcircle.com/brands
Investing in Real Estate with Clayton Morris | Investing for Beginners
It's an unprecedented time for all of us, including real estate investors. As the economy has shifted and many businesses and individuals have lost their primary sources of income, there are a lot of questions about what the future of the market holds. On this episode of Investing in Real Estate, Ken McElroy is back to share his experience and expertise with real estate in a changing market. We'll talk about multifamily properties, commercial real estate, the future of the market, and so much more! Get $20 off your yearly membership by visiting https://kenmcelroy.com/Clayton Book a Call with Our Team
The Federal Reserve system: Most Americans know it's important but most Americans don't know exactly what it is. In this episode, discover the controversial and disturbing history of the Federal Reserve and learn how it has allowed bankers and politicians to create money out of nothing, taking value out of your bank accounts for over 100 years. Please Support Congressional Dish – Quick Links Click here to contribute monthly or a lump sum via PayPal Click here to support Congressional Dish for each episode via Patreon Send Zelle payments to: Donation@congressionaldish.com Send Venmo payments to: @Jennifer-Briney Send Cash App payments to: $CongressionalDish or Donation@congressionaldish.com Use your bank's online bill pay function to mail contributions to: 5753 Hwy 85 North, Number 4576, Crestview, FL 32536 Please make checks payable to Congressional Dish Thank you for supporting truly independent media! Recommended Congressional Dish Episodes CD191: The Democracies of Elliott Abrams CD174: The Bank Lobbyist Act CD167: Combatting Russia (NDAA 2018) CD102: The World Trade Organization CD Team Members Only (Patreon): Inside CSPAN Books The Creature from Jekyll Island by G. Edward Griffin September 2010 Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America Booth by Danielle DiMartino February 2017 Collusion: How Central Bankers Rigged the World by Nomi Prins 2018 Chain of Title: How Three Ordinary Americans Uncovered Wall Street's Great Foreclosure Fraud by David Dayen May 2016 Articles/Documents Article: The Fed May Have Just Extended The Bull Market by Nancy Tengler, USA Today, September 19, 2019. Article: The Fed Is Trapped in the Twilight Zone by Mark Gongloff, Bloomberg Opinion, September 19, 2019. Article: Fed Cuts Interest Rates To Prop Up The slowing Economy by Scott Horsley, NPR, September 18, 2019. Article: Powell Stresses Solid U.S. Outlook After Fed Cuts Rates Again by By Craig Torres and Rich Miller, Bloomberg, September 18, 2019. Article: Fed’s First-in-a-Decade Intervention Will Be Repeated Wednesday by Liz McCormick and Alex Harris, Bloomberg, September 17, 2019. Article: 5 facts about the national debt by Drew Disilver, Pew Reserach Center, July 24, 2019. Article: Does Trump Have the Legal Authority to Demote the Federal Reserve Chairman? by Charlie Savage, The Washington Post, June 20, 2019. Article: Taxing Empty Apartments Could Ease the Housing Crisis by Adele Peters, Fast Company, February 12, 2019. Article: Elizabeth Warren Was Right, New Law is Already Making Banks Bigger The Intercept, by David Dayen, February 8, 2019. Article: Oakland's vacant-property tax takes effect, sparking hope - and alarm by Kathleen Pender, San Francisco Chronicle, January 26, 2019. Article: Steve Mnuchin Is a Dunce by Rebecca Burns and David Dayen, The Intercept, January 1, 2019. Article: Does Trump get one thing right about the Fed? by Andrew Van Dam, Washington Post, November 29, 2018. Info booklet: I Bet You Thought By David H. Friedman, Federal Reserve Bank of New York, December 27, 2018 Press Release: Federal Reserve Board invites public comment on framework that would more closely match regulations for large banking organizations with their risk profiles, Board of Governors at the Federal Reserve Board, October 31, 2018. Article: Vacancy: America's Other Housing Crisis by Richard Florida, CityLab, July 27, 2018. Article: The Richest 10% of Americans Now Own 84% of All Stocks by Rob Wile, CNN Money, December 19, 2017. Article: Who Is Jerome Powell: Trump’s Pick for Fed Chairman by Binyamin Appelbaum and Kevin Granville, New York Times, Nov. 2, 2017. Article: Donald Trump Expected to Pick Shadow Banker for Key Position at the Fed by David Dayen, The Intercept, April 19, 2017. Article: The End Is in Sight for the U.S. Foreclosure Crisis by William R. Emmons, St. Louis Federal Reserve, December 2, 2016 Article: Food Price Inflation Since 1913 by Tim McMahon, InflationData.com, March 21, 2013. Article: Hedge Funds Draw Concerns, Reuters and Bloomberg News, July 26, 2006. Article: Banker Joins Dillon, Read, New York Times, February 17, 1995. Article: With NAFTA, US Finally Creates a New World Order by Henry Kissinger, Los Angeles Times, July 18, 1993. Article: The Owens Bill as a Measure of Inflation, New York Times, December 13, 1913 Article: Putting Government Into the Banking Business, New York Times, June 17, 1913 Resources Congressional Budget Office: Taxes Council on Foriegn Relations: Membership Council on Foreign Relations: Membership roster Council on Foreign Relations: Corporate Membership Council on Foreign Relations: Corporate Membership informational brochure Federal Reserve: Monetary Policy Federal Reserve Board of Governors: Board Members Federal Reserve FAQ: Is it legal for a business in the United States to refuse cash as a form of payment? Federal Reserve History: The Meeting at Jekyll Island Federal Reserve History: Monetary Control Act of 1980 Investopedia: Monetary Control Act of 1980 Treasury Direct: Historical Debt Outstanding - Annual 1900 - 1949 Treasury Direct: Historical Debt Outstanding - Annual 2000 - 2018 Treasury Direct: Interest Expense on the Debt Outstanding U.S. Global Investors: The Many Uses of Gold Sound Clip Sources Press Conference aired on CNBC: Powell on Trump: ‘The law is clear that I have a four-year term, and I fully intend to serve it’ June 19, 2019 Reporter: Clarify what you would do if the president tweets or calls you to say he would like to demote you as fed chair? Jerome Powell: I think the law is clear that I have a four year term and I I fully intend to serve it. Tweet: Kyle Dunnigan, #LeavingNevreland March 6, 2019 Fox News Interview with President Donald Trump October 16, 2019 President Donald Trump: Give me zero interest rates right now and you take a look at our numbers. It'd be the greatest economy in the history of the world. Nobody would be able to compete with it. President Donald Trump: And I fully get the whole thing, the Federal Reserve, I get it as well as any president who's ever been here. I get it really well. Joe Biden Speaks that Council on Foreign Relations January 23, 2018 Joe Biden: I’ll give you one concrete example. I was—not I, it just happened to be that was the assignment I got. I got all the good ones. And so I got Ukraine. And I remember going over, convincing our team and our leaders, convincing them that we should be providing for loan guarantees. And I went over, I guess, the 12th, 13th time to Kiev. I was supposed to announce that there was another billion-dollar loan guarantee. And I had gotten a commitment from Poroshenko and from Yatsenyuk that they would take action against the state prosecutor, and they didn’t. So they said they were walking out to a press conference. I said, nah, I’m not going to—or, we’re not going to give you the billion dollars. They said, you have no authority. You’re not the president. The president said—I said, call him. (Laughter.) I said, I’m telling you, you’re not getting the billion dollars. I said, you’re not getting the billion. I’m going to be leaving here in, I think it was about six hours. I looked at them and said: I’m leaving in six hours. If the prosecutor is not fired, you’re not getting the money. Well, son of a bitch. (Laughter) He got fired. And they put in place someone who was solid at the time. Hillary Clinton Speaking at the Council on Foreign Relations November 2015 Watch on C-SPAN Hillary Clinton: So we need to move simultaneously toward a political solution to the civil war that paves the way for a new government with new leadership and to encourage more Syrians to take on ISIS as well. To support them, we should immediately deploy the Special Operations Force President Obama has already authorized, and be prepared to deploy more, as more Syrians get into the fight. We should retool and ramp up our efforts to support and equip viable Syrian opposition units. Our increased support should go hand in hand with increased support from our Arab and European partners, including Special Forces who can contribute to the fight on the ground. We should also work with the coalition and the neighbors to impose no-fly zones that will stop Assad from slaughtering civilians and the opposition from the air. Opposition Forces on the ground, with material support from the coalition, could then help create safe areas for them from the country instead of fleeing toward Europe. Ron Paul speech at the Campaign for Liberty: End the Fed September 18, 2009 Ron Paul: But, there's a moral argument, against the, the Federal Reserve because, we're giving power to a few individuals to create money out of thin air and have, have legal tender laws that says, you must use the paper money. You can't use gold as the constitution tells you you should, but you must use, paper money. And then that gives the central bank the Authority to counterfeit money, and always for good reasons, of course, to maintain a stable economy. Ron Paul: The mandate and the Federal Reserve Act for the Federal Reserve was to maintain the value of the dollar and to have full employment, and maintaining the value of the dollar means stable prices. Well, they fail. They flown, they get an AF. They're destroying the value of the dollar. And we have perpetual increases in cost of living and they say, oh no, it's not all bad inflation. We're only destroying the money at 2% per year. But it's a lot worse than that. But 2% it's evil too. You know, under sun money, your value of your money goes up, costs go down, cost of living goes down and you get more. And that's how we become more prosperous. But they have totally failed in maintaining the value of the dollar, giving us stable prices. Nobody wants to talk about the inflation in Eh, in a medical care. Yes, pricing. People are unhappy because they can't afford it or they can't afford it because their dollar doesn't buy as much. You say, oh no, we don't have inflation. The government says the CPIS only going up 1% - 2%. But the cost of medicine goes up much more rampantly. But, when you create new money, the cost goes up differently for different areas. If everybody's wages went up at the same rate as the money supply would go up, and everybody's cost would go up the same, it would be irrelevant. But it doesn't work that way. Your wages and your income never keep up and certain prices go up faster than others. Some people suffer more than people who get to use the money. First benefit. The people who get the money, use the money last, the average person in the middle class, they use the money and they get stuck. If you're in retirement, you might suffer more than others. But you know, they come up with these figures and they say, oh, prices went up 2% last month. But if you exclude for food and energy, they only went up a half a percent. So it wasn't so bad. But for some people, food and energy crisis go up and it means a whole lot. Ron Paul: And there was a time, you know, the Federal Reserve was required to have gold behind the expansion of money. So they were restrained and as bad as they were in inviting problems, they still had some restraint up until 1971. But even though the Federal Reserve Act gave the power to the Fed to buy corporate debt, they really never did that until just recently. It used to be gold and silver that they used as reserve. And then after 1971, they just used treasury bills, which was bad, but still there was some restraint on that, that depended on the amount of debt that we had. But of course, that gave license to the congress to run up unlimited amount of debt. But today what backs our dollar is derivatives. All the worthless access, the toxic access assets that we were required to buy are now held by the Fed. And we don't know exactly how much and what they have bought. And that, of course, is why we're arguing for the case of auditing the Fed. Ron Paul: The other associations that I talk about in the book are the associations with the Federal Reserve Board chairman. I've had a few of those. And a matter of fact, just for a month or so, when I first went into Congress, Berns was still the chairman. I didn't really get to know him and it was such a short period and he was in poor health. But the one that I got to know the best in our years was Paul Volcker. And, I gave him a little bit of a plus as far as the various members, various chairman that I've met because, he seemed to be more willing to discuss things on a one to one basis. Actually there was one time when we were working on the monetary control act in the early 1980s, which gave a lot more power, regulatory powers, to the Federal Reserve and to monetize debt. And I was arguing one case in the committee, that it was a dangerous thing because the Federal Reserve was given too much power to inflate endlessly and didn't have to have any reserves whatsoever and could take interest rates down to zero or whatever. And, he was disagreeing with me and he says, look, what I'd like you to do is come over and have breakfast with me. And, that wouldn't happen with Bernanke or Greenspan. They didn't do that. So I did. I went over to the Federal Reserve and we had the discussion. He tried to, you know, convince me differently, but I felt like I won the argument with them because as I was leaving, he says, yes, you may be right about this, but he himself, that I may be right on the interpretation of the legislation, but he himself would not inflate. He wants this so that he has the power to restrain monetary authorities rather than to expand monetary powers. But it turns out that yes, I said, you might not want to use these powers to rapidly expand the money supply, but someday somebody else might want to do it. And of course, I make the comment, I think that some day is right here when you see what Bernanke did, you know, within a few months, doubling the monetary base. So, his authority was getting granted back at that time. Ron Paul: He wants to know what a sound currency would look like. I think you could probably go to the period of time in the 19th century when they had sound money and gold coins circulated and certificates should circulate and could circulate. It's the trust factor that would have to be there and you could still have electronic money and whatever. People could measure the value of the currency by something that should always be convertible. You should have a gold coin standard, and that is that you don't have to carry the coins around, but if the government is guaranteeing - which they are supposed to be doing - guaranteeing that any certificate would be convertible into coin, and that's better than a --- standard, that means that if you have $5,000 and you're getting worried about the government, you get to vote against the government saying, look, I want my gold coins in my pocket. And then they then would have to give you the gold coins. Ron Paul: It's a sinister tax is what it really is. Governments: There's enough of a coalition together that wants to see government grow. Whether it's for the welfare reasons here at home, or if it's for the ideas of promoting our goodness around the world. It has nothing to do with protecting oil or anything else, but we need a military presence around the world. But if you had honest money and governments couldn't counterfeit, these ideas would still float around, but they would be forced to pay for it immediately. If we could ever get this whole notion that you shouldn't even allow the government to borrow, and they would have to tax us directly and say, look, if you want to do A, B, and C, we're going to take money from you and we're going to pay for it. This would slow things up. But there's a convenience for those who want big government to have the tax be an inflation tax. That is to vote for all the welfare programs. Vote for all the warfare programs. Don't be a responsible for this, morally responsible or economically responsible. Just pass the programs. And if you find your coalitions, you get reelected. And this is work to, you know, running as Santa Claus is a lot better than running against Santa Claus. And that's been done for many, many years. But that's coming to an end. That's why there's a difference right now because this system is in the process of failing. Hearing: The Federal Budget and the Economy March 3, 2009 Senate Budget Committee Witness Ben Bernanke - Chairman of the Federal Reserve 58:00 Sen. Bernie Sanders (VT): I wrote you a letter and I said, hey, who'd you lend the money to? What were the terms of those loans? How can my constituents in Vermont get some of that money? Who makes the decisions? Do you guys sit around in a room? Do you make it? Are there conflicts of interest? So my question to you is, will you tell the American people to whom you lent $2.2 trillion of their dollars? Will you tell us who got that money and what the terms are of those agreements? Ben Bernanke: We explain each of our programs. In terms of the terms, we explained the terms exactly. We explained what the collateral requirements are. We explained… Sen. Bernie Sanders (VT): To whom did you explain that? Ben Bernanke: It's on our website. Sen. Bernie Sanders (VT): Yeah. Okay. Ben Bernanke: So all that information is available in our commercial paper... Sen. Bernie Sanders (VT): And who got the money? Ben Bernanke: Hundreds and hundreds of banks. Any bank or that has access to the U.S. Federal Reserve's discount... Sen. Bernie Sanders (VT): Can you tell us who they are? Ben Bernanke: No, because the reason that is counterproductive and will destroy the value of the program is that banks will not come to the… Sen. Bernie Sanders (VT): Isn't that too bad? Ben Bernanke: Sorry. Sen. Bernie Sanders (VT): In other words, isn't that too bad? They took the money, but they don't want to be public about the fact that they received it. Cover Art Design by Only Child Imaginations ______________________________________________________ Music Presented in This Episode Intro & Exit: Tired of Being Lied To by David Ippolito (found on Music Alley by mevio)
“New Report Shows a Huge Increase in Foreclosures in Southwest Florida” This was the headline that came out last week from local Fox News. Here is the article so you can check it out: http://bit.ly/2wr4XIh I have seen several Realtors commenting about how the article was misleading and when Jeff Tumbarello reached out to me to discuss it, I thought it would make for a great interview. Jeff is a big time real estate stat guy and founder of SWFL REIA and Steel Bridge Realty. He shredded it , and you don't want to miss it ! Connect me with me on social media or my website. Facebook: www.facebook.com/TimHartJr Twitter: twitter.com/TimHartJr InstaGram: www.instagram.com/timhart453 Website: www.timhartjr.com/ YouTube HartBeat Show: bit.ly/2u1mmX2 E-Mail: thart@vandykmortgage.com Apply for a mortgage by clicking here: timhart.floify.com/ Enjoy the show guys!
Judge Jennifer Bailey, with Florida’s Eleventh Judicial Circuit Court in Miami, led her court’s civil division through the foreclosure crisis from 2008 to 2012. In this episode, Judge Bailey discusses how the court’s employees dug their way out of that crisis with successful case management and how their current civil justice pilot project is succeeding despite hurricanes and technological challenges.
In this edition, Maurice, Morgan, and special guest, Helene Caloir, discuss the impact of the financial and foreclosure crisis. They also begin a discussion of the New York State Housing Stabilization Fund’s “Zombies” and vacant properties program, which has equitable principles infused into its design.Support the show (https://secure.givelively.org/donate/local-initiatives-support-corp)
Entrepreneurs looking for lucrative and impactful investments have an opportunity to solve the mortgage crisis and make massive gains. Serial entrepreneurs Rick Allen and TJ Osterman are seizing that opportunity. They believe in this real estate investment strategy so much that they’ve built an online tool to help other investors get in the game. In this episode of the Capital Gains podcast, Rick and TJ show how it’s achievable by detailing their own success and explaining the process for other investors who want to enter this lucrative market. Why Invest In Non-Performing Mortgages? For the past five years, they have been purchasing non-performing mortgage loans and returning double-digit profits. Not only that, they have given low-income families the opportunity to keep their homes removing the stress and low confidence that comes with being on the brink of a foreclosure. Purchasing these seemingly unattractive loans is an opportunity that more and more investors are exploring, and there are educators, resources, and technologies which open the world up to anyone interested in moving into this attractive space. But, how easy is it to get into? Rick and TJ talk to us about the strategy, how to make that strategy successful for you, and making social responsibility a component of your business. Earning A Substantial Yield from Untapped Inventory Five years ago, Rick and TJ were offered the opportunity to purchase their first small balance mortgage loan when a bank agent called them and asked if they wanted a frame duplex. The property had $100,000 of debt attached to it, but they took a chance and bought it for $8,400. The first five properties they invested in within this market went so smoothly, they couldn’t believe how easy it was. They were contacting borrowers and offering to take their vacant properties off their hands, arranging foreclosure agreements, and paying them for their time. In one case Rick and TJ acquired a vacant property from a lady who was happy to hand over the keys in lieu of foreclosure. They gave her $100 for her time and sold the property for $28,000. From contacting the borrower to selling the house, the whole process took 15 days. The discounts on a mortgage note can range anywhere between 20-50% and can cost from $25,000 to $150,000. Why are the discounts so big? Because no institution has the ability to handle them. The discounted purchase of the mortgage means that Rick and TJ are able to offer a lowered rate for the borrower. In this episode of the podcast, they say that they have sometimes initially been out of pocket as they work to build the trust with the borrower. But because of the cut-price they paid out, in the beginning, they are able to create an affordable home for the borrower and still make a double-digit profit from their investment. Creating Affordable Home Payment Plans For Struggling Americans Rick and TJ soon learned that the reward from investing in mortgage notes was more than just financial. The unexpected but emotional impact of helping buyers to keep their homes was huge. Rick and TJ are passionate about their business because it has the ability to improve the lives of thousands of homeowners. That’s why they launched paperstac.com. Rick and TJ created paperstac.com to help people find buyable mortgage notes. With around $400bn of unpaid principal balance non-performing loans still waiting unclaimed, it’s a market with massive financial and emotional gains to be had. Borrowers have had the fear of losing their home hanging over them, and investment serves as an opportunity to remove that fear with an affordable housing plan. The pair has the goal of saving 10,000 low-income family homes in the future. Learn more in this episode of the Capital Gains podcast. Connect with Rick and TJ Visit CloudCapitalManagement.com for more information on their fund if you are interested in learning more as a passive investor. Check out Paperstac.com where you can buy and sell mortgage notes and learn more about what’s available. More to come soon on the Money With Meaning website: mwmfund.com Richard Allen on LinkedIn Richard Allen on Facebook Richard Allen on Twitter TJ Osterman LinkedIn TJ Osterman on Twitter Papterstac on Twitter Connect with Jonathan Twombly at www.twobridgesmgmt.com Jonathan Twombly on Twitter Jonathan Twombly on LinkedIn
Ron Siegel discusses local and national current events, politics, personal and business finance with a few mortgage tips along the way. A Southern California mortgage expert and bonafide political junkie, Ron Siegel delivers intelligent, entertaining radio that makes the hard news of the week easy to understand! Ron Siegel is joined by Amanda Han and Kaaren Hall. Ron Siegel will discuss: The Foreclosure Crisis: 10 Years Later; Household Debt Rising in All Categories at End of 2016; Americans are Stressed About Retirement; Conservatives, Moderates Fail to Reach a Deal on Obamacare Replacement; Freddie Mac Mortgage Rates Drop; Real Time Real Estate; Your Credit Matters; Mortgage Minute; Word on Wealth; and so much more. Ron Siegel, consumer advocate and mortgage lender, discusses anything that affects the roof over your head, your bank account or other items that will benefit you / your family. Reach Ron Siegel at · www.Facebook.com/RonSiegelRadio · 800.306.1990 · Ron@RonSiegelRadio.com · www.RonSiegelRadio.com · www.SiegelLendingTeam.com · Find Your Dream Home before Someone Else does: www.MBELinks.com/nest
30 May 2016 - I have a house rabbit named David Dayen. That's how highly I think of our guest this week. Dayen is a highly respected financial news and economics journalist for a reason. He finds a way to make even the most dry and dense topics understandable while also making it absolutely clear why we should all care. David's first book, Chain of Title: How Three Ordinary Americans Uncovered Wall Street's Great Foreclosure Fraud (also on Audible.com here), is meticulously researched and a deep dive into the foreclosure crisis. Typical of David he found a unique way into the story through the lens and lives of three regular people who, instead of going quietly into the dark of foreclosure shame, chose to shine a revelatory light. Whatever you know about the foreclosure crisis sprouted, quite directly, from the questions Lisa, Michael and Lynn asked and the shocking answers they unearthed. Heroes are those who run into the fire, into the storm, to bring others to safety. Chain of Title is a gripping, true-to-life rendering of the lives of heroes and the deeds of villains. And, whether you know it or not, what this handful of people discovered changed your life. You can follow all of David's writing here and I strongly recommend subscribing to his weekly summary e-mail. I lead into David's interview with some information about Gresham's Law, the idea that bad money drives good money out of the market, meaning that Wall Street criminals make it virtually impossible for competitors to continue to abide by the law. I also talk about something that seems obvious, asymmetric information, meaning that the seller knows more than the buyer. One would think that was as plain as the orange on a carrot but three people won the Nobel in economics for describing how asymmetric information influences macroeconomics and, in the case of Wall Street, further influences the criminographic environment. Will brings up something which so often gets left out of the political mix, housing. He observes that the desires and right to choice of those who are among the most vulnerable in our society, the homeless, must be sine qua non to any array of solutions. Will uses, as an example, a heart rending description of the state of homeless shelters in Washington, DC. Will and I open the show with what can only be described as a rant. I read an article this week which eloquently encapsulates my feelings regarding the 2016 Democratic primary, Misogyny Rules the 2016 Election by Victoria A. Brownworth. I truly am done with the sexism which is spreading, from the top down, through the Sanders campaign. Bernie's silence, in some cases, and defense, in others, regarding the violence being committed against women by his campaign makes it clear that it is a leadership-lead issue. Bernie reveals himself with the lack of women (with the glaring exception of his wife) in the upper tier of his campaign as well as his shocking opinion that he believes Hillary to be "unqualified" to be President. (His too little, too late "apology" not withstanding.) Bernie's personal rage at the world has permeated all facets of his campaign. He and his cult are frightening women...on purpose. Bernie could have been great. Instead he is the leader of a cult that is tilting ever more toward increasing degrees of violence. History will remember him as an old, white man who, while choking on his privilege, turned away from leadership and toward ignominy. Good riddance. - Arliss First off, I apologize for the lack of music in today's show. We simply had too much content and not enough time. I had to cut my discussion of Bernie's e-mails and a section from my block where Arliss and I discussed the Tiny House movement. Across the nation communities have begun using tiny house neighborhoods as part of a menu of solutions for homeless housing. Tiny houses provide homeless folk with a place of their own, an address, a place to sleep protected from the elements, a place to cook th
Did BAPCPA Cause the Foreclosure Crisis ABI Executive Director Samuel J. Gerdano talks with Dr. Donald Morgan, Research Officer at the Federal Reserve Bank of New York, about the latter's research arguing that BAPCPA shifted risk from credit card lenders to mortgage lenders, partially helping to trigger the surge in home foreclosures. The conclusions of Morgan and his colleagues echo earlier findings that the new law's tougher requirements appear to have increased the number of people defaulting on their mortgages or walking away from their homes rather than seeking bankruptcy protection.
Kirk Crippens shares how the financial crisis affected him, his community, and his work.
Show for 10/09/13; Guest: Dave Krieger about the Foreclosure Crisis and his book, Clouded Titles
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Community Reinvestment and the Foreclosure Crisis February 22, 2011 According to the Woodstock Institute, lenders repossessed more than 25,000 homes in the Chicago area during the first three quarters of 2010. According to the same analysis, these lender-owned foreclosures will take an average of 16 months to be absorbed by the housing market. Vacant properties cause blight, which destabilizes neighborhoods and local real estate markets, and also weakens the ability of municipalities to maintain a comfortable quality of life by shrinking tax rolls and increasing maintenance costs. Geoff Smith from the Woodstock Institute took an in-depth look at recent trends in foreclosure activity in the Chicago region with a focus on the shifting patterns of regional foreclosures, the concentration of vacant properties tied to foreclosures, and implications for community development.
San Jose is putting its money where its mouth is. The city says it's diverted more than $1 billion out of Bank of America because of its record on foreclosures and loan modifications.
We'll talk with mortgage and homeownership experts about the latest on the foreclosure crisis in the headlines.
In The News - The Foreclosure Crisis
Comedian Kip Addotta talks about relations, his own human foibles, fears, triumphs, and of course his cat "Harley." Kip has made over 32 appearances on the Tonight Show and this is his second time on Animal Radio. Also this week, author Arden Moore is back with all things CAT, Gary Kowalski answers the spiritual questions about our animals, Dr. Gerald Post explores cancer in pets, PAWS founder Pat Derby talks about taking Maggie the Elephant into her sanctuary, Air Force Capt Kelley Jeter tells us how to move an 8000 lb. elephant, we uncover the alarming rates of pet surrender in response to the Foreclosure Crisis, and we take your calls at 1-866-405-8405. More at AnimalRadio.com. We're streaming Live 24/7 at https://animalradio.com
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