Mr Mortgage-CA Housing Crisis - Currently 4.25 Years Supply!

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Mr Mortgage-CA Housing Crisis - Currently 4.25 Years Supply!

Uploaded by: markmti
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CHECK OUT MY NEW BLOG AT ML-IMPLODE!
http://mrmortgage.ml-implode.com
Mr Mortgage Apr Foreclosure Rpt

Tags for this video: alt-a banks Bear bubble bust crisis estate forclosure home housing Lehman mortgage mr real recession Stearns subprime

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Over 1 Million ... ( 5 months ago by flagstaff1321)

Over 1 Million homes now in foreclosure and climbing says CNN today. The downward spiral is picking up steam.

as many people have ... ( 5 months ago by bdc03)

as many people have pointed out he meant to say 2007.

Your Right On!!!! ... ( 5 months ago by suffern7)

Your Right On!!!! the Media has no idea what's about to hit them in their face. I work for one of the largest Mortgage Loan Servicers in the country in the REO dept. I work 7 days a week trying to move my reo's properties. My dept has quadrupled in 3 months. We are ordered to lower listing prices 7% every 30 days. So your seeing the impact of our liquidation.
Good job!!!

good job ( 5 months ago by pfowler20)

good job

I work for a loan ... ( 5 months ago by BRANDONCARMODY)

I work for a loan servicer in loss mitigation and we are slammed. There is no realistic way to get through the massive work load which is mostly comprised of MOD'S, Forbearance and short sales. 50 reps trying to process 14, 000 accounts with more being added everyday. This is the craziest time I have ever seen.

My brother is a ... ( 5 months ago by truthsabre7)

My brother is a broker in the bay area, he has not sold a house going on 4 months.

I would like to ... ( 5 months ago by Kittenkattan)

I would like to thank VisionVictory for directing me to your channel. Great job!
I have subscribed and will be watching closely.
Peace.
K.K.

Crap. I waited, and ... ( 5 months ago by sanashsana)

Crap. I waited, and waint and then thought I was in the right to buy my home in October. I "thought" I got a great deal negotiating my home down by 45K; 2 houses on my street popped up as REOs 2 months later and voila! Both sold for 40K less than mine (and one has a gorgeous pool taboot!). I am not a yuppie, just a lowly middle class person that has dreamed of owning her own home for years. Now it will be at least 6-8 years before my little 1000 Sq Ft. home attains the value it had last Dec :-(

ah, dont worry. It ... ( 5 months ago by markmti)

ah, dont worry. It wont be too long before the Prime Govt Bailout hits.

I really appreciate ... ( 5 months ago by coultrane)

I really appreciate the concise analysis, you are a smart guy. Great Job.

Cool Its about that ... ( 4 months ago by Thunderwavia)

Cool Its about that inventory thing. Units coming on the market in California, and sales down. So why would you buy a house now in Californy, just going to go down further, much futher. Especially in the larger centres with unsustainable transportation networks, all based on the car using gas to get around. A lot of the homes will just be abondoned, and those neighbourhoods, entire parts of the cities will decay quickly, bringing values of homes around down a crapload. Informative!

Array ( 4 months ago by WTFRUCrazyOrDumb)

Dude,
You are dumb, and a fraud.
First, DQ sales do NOT include auction and courthouse REO sales as you state in your blog.
Second, you are comparing non-REO-resales to inventory that includes REO inventory.
I could go on, but I don't need to.
You are dumb. Dumber than hammered you know what.
Sorry, you are.

learn about binary ... ( 4 months ago by paulagloria)

learn about binary economics and how the same financing that the rich use can help the poor and the entire pie can grow...not robbing Peter to pay Paul

27% decrease in ... ( 4 months ago by mgilbo1)

27% decrease in California is not even near where we need to be for home devaluation. What good is 27% when some areas went up 3-500%?? Home values across the nation are still way too high and I feel sorry for the sellers more than the buyers. How naive people are to think we can solve this problem in 7 months when it took 7 years to get here. This will continue for some time.

Another 30-50% from ... ( 4 months ago by cycoaxe)

Another 30-50% from here would make houses somewhat affordable in Cali. I'm waiting 12 months before I jump in. Great videos keep them coming!

we are in deep caca ... ( 4 months ago by LiveTheAmericanDream)

we are in deep caca...... and the government is in denial...we need to be informed...check out video - living the american dream.. green money graph...

I didn't know that ... ( 3 months ago by gotchabytheleg)

I didn't know that Ray Leeota had a YouTube channel!

lol ( 3 months ago by 1samothrace77)

lol

your house prices ... ( 3 months ago by COUNTCARDULAR)

your house prices will not only drop to pre 2000 levels wiping out your "profit" , but they will drop even further back. perhaps 90% less than they are now.. you are indeed in deep poo poo. coupled with the north american union and the amero.

the investment ... ( 3 months ago by COUNTCARDULAR)

the investment banks are vacuming up all land and assets. 300 banks predicted to go bust in 09.. total economic collapse on horizon, dollar is on life support. south east asia is holding onto it for dear life, as soon as they let go, boom hyper inflation!!! millions and millions homeless. food shortages, and dont forget some terror attacks sprinkled in for good measure.

Cali needs a large ... ( 3 months ago by brent85243)

Cali needs a large earth quake. That will help with the surplus

THE HOUSING CRISIS ... ( 3 months ago by MoeBedard)

THE HOUSING CRISIS HAS DEEPLY EFFECTED CALIFORNIA AND OUR BEAUTIFUL COUNTRY THAT THOSE WHO CAME BEFORE US MADE FOR OUR Safety. FOR EXCLUSIVE LEAKED UPDATES ON THE HOUSING CRISIS AND A CHANCE FOR HOPE CHECK OUT MY CHANNEL.
-GOD BLESS AMERICA

we will fallaten ... ( 2 months ago by RingsofMediocrity)

we will fallaten out like a pancake. 5 to 7 years of flat prices will be our curse

usa has less than 2 ... ( 1 month ago by COUNTCARDULAR)

usa has less than 2 days stored food in its warhouses. currently still importing foods but when dollar implodes you will not have any.. look at whats happeningin iceland now to see the domino effect in the rest of thewest.

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Mr Mortgage-CA Housing Crisis - Currently 4.25 Years Supply!