Real Estate and foreclosure thread

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Vlad the Inflator said:
What the US Government is doing to hide housing delinquency and prevent capitalism.

Borrower buys house with no money down
Borrower never makes a payment
Government (FHA) takes the late payments owed, places them on the back of the loan as a subordinate 2nd lien at 0% interest with no payments due
Reports loan as current

I'm not making this up
Click to expand...

 
www.the-sun.com

Woman stunned as her own home is SOLD behind her back with 'signature trick'

A HOMEOWNER was a victim of a shocking identity theft that allowed the scammers squatting in her home to sell the house without her knowledge. D’Andrea Turner woke up one morning to find that…
www.the-sun.com www.the-sun.com

Tinley Park man says squatters moved into for-sale home without permission, refused to leave: 'They took over the house' | abc7chicago.com

A%20Tinley%20Park%20man%20says%20squatters%20moved%20into%20his%20for-sale%20home%20without%20permission%2C%20and%20refused%20to%20leave.%20%22They%20took%20over%20the%20house%2C%22%20he%20said.
abc7chicago.com abc7chicago.com

Squatters Stole a House and Sold It​

Mar 22, 2025

Squatters broke into a house, forged documents, and sold it right out from under the owners—unbelievable, right? 😱 In this video, I share the shocking story of how Keith and Deandra Turner nearly lost their home in Phoenix to fraudsters who sold it to a quick-sale real estate company. From breaking into the property to forging signatures, these scammers almost got away with it! Luckily, the Turners reclaimed their home, but this story highlights the importance of protecting yourself against title theft and scams.

I also cover some practical tips, like using free county services to monitor title changes and setting up Google Alerts for your property. With over 5 million vacant homes in the U.S., scams like this are on the rise, and it's crucial to stay vigilant. Plus, stay tuned for more real estate insights, shocking stories, and tips to protect your property.


11:32
 
I have to wonder how much of this is true, and how much, if true, is due to corrupt government officials.

The system, as it is, is intended to prevent fraud. Title abstracts and escrow are intended to make sure no one makes off with payment, until it's satisfied that the seller owns the land.

Moreover, fraud negates all. Money stolen is gone - but when you're dealing with a million dollars, you aren't allowed to just carry it home. Banks can claw the money back, when there's criminal activity.
 

DESPERATE Homebuyers Are Now WISHING FOR A HOUSING MARKET CRASH​

Mar 22, 2025

The Housing has become so unaffordable that many prospective homebuyers are now wishing for a housing market crash just so they can afford to buy. 36% want a crash and 29% of renters say a crash is the only way they will ever be able to buy a house.


21:36

Articles Mentioned in the Video
https://apple.news/ApbucTKc4SYyma94FZ...
https://apple.news/AxtdS94wUQu6oQjMh4...
https://apple.news/ANQXdMuRoROCqO-Lvc...
https://apple.news/A38DHUEVYTjiEeiRMy...
 

This CRUCIAL Housing Market Indicator IS FLASHING RED​

Mar 28, 2025

The housing market is flashing a warning sign when you look at how high the FHA loan delinquencies are right now. In order to have a healthy economy, we need to have a healthy housing market and vice versa. And the lower end of the housing market is starting to scream trouble.


22:45
 

Mortgage rates and demand seem stuck in a holding pattern, as markets await tariff news​

  • The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, decreased to 6.70% from 6.71%.
  • Applications for a mortgage to purchase a home rose 2% for the week and were 9% higher than the same week one year ago.
  • Applications to refinance a home loan dropped 6% for the week and were 57% higher than the same week one year ago.
More:

 

Florida Sellers WATCHING BUYERS DISAPPEAR BEFORE THEIR EYES​

Apr 10, 2025

Housing inventory in Florida continues to explode past pre-pandemic levels at the same time depending home sales are falling off a cliff. These two events combined are what cause housing crashes to happen. And that's exactly what we're seeing right now in Florida is the beginning of a housing crash.


23:25
 

They tried to sell their homes without a real estate agent. Here’s how it went​

When Jill Langen decided to list her Clarkston, Michigan, home of 25 years for sale last month, she did it without the help of a real estate agent. Seven days later, she had an agreement signed with a buyer and her home was off the market.

Langen’s decision to go it alone isn’t typical among America’s home sellers. Just 6% of home sales last year were for-sale-by-owner (FSBO), an all-time low, according to an annual report by the National Association of Realtors, the trade organization that represents over 1.5 million real estate professionals.

More:

https://www.msn.com/en-us/money/rea...S&cvid=81fcde8301d14c1f9d84b8c31a27039b&ei=20
 

Property owners furious as home valuations soar in small Southern community​

Property owners in Tennessee are questioning affordability now that home valuations are on the rise in Sullivan County.

Residents are wondering if their property value has doubled or tripled in price after finding out land would be reassessed.

Sullivan County resident James Stewart is one of those worried homeowners, having discovered his property value has doubled.

More:

https://www.msn.com/en-us/money/rea...S&cvid=48d67b122f174632ae4eed3b16c40e76&ei=30
 
searcher said:

DESPERATE Homebuyers Are Now WISHING FOR A HOUSING MARKET CRASH​

Mar 22, 2025

The Housing has become so unaffordable that many prospective homebuyers are now wishing for a housing market crash just so they can afford to buy. 36% want a crash and 29% of renters say a crash is the only way they will ever be able to buy a house.

21:36

Articles Mentioned in the Video
https://apple.news/ApbucTKc4SYyma94FZ...
https://apple.news/AxtdS94wUQu6oQjMh4...
https://apple.news/ANQXdMuRoROCqO-Lvc...
https://apple.news/A38DHUEVYTjiEeiRMy...
Click to expand...
Revisiting this.

A correction in market real-estate prices would be welcome - to understate it.

BUT. A lot of what we're seeing right now is, stressed sellers - unable to keep their properties when TAXES rise to $30k A YEAR.

That is just alien to all my understandings of the world. I've owned real-estate twice, in the early-late '00s. One property had a tax bill of $1800. (unglamorous inexpensive neighborhood on the edge of Buffalo, appraised price of the property, $55k). The other, a home valued at $175k (today worth about $300k, Zillow) had taxes of $4k.

You just can't DEAL with $30k A YEAR in taxes, coming out of the blue! There HAS TO BE PROTECTION for buyers of properties, to prevent abusive, confiscatory taxation - either to fund loony government expansion, or to drive out property owners for the benefit of corporate entities buying-up regions or neighborhoods.

Until that happens, buyers with limits on their resources - and that's most of us - will be staying out.
 
A local radio host had a going point on Property Taxes. They are some of the first Taxes on Unrealized Capital Gains... That is exactly what they are and why they are so bad and daunting for the public. Because you aren't just paying tax on a gain after you sell it (when you would have cash) you are paying Every Year as the supposed Value goes up.
 
Voodoo said:
A local radio host had a going point on Property Taxes. They are some of the first Taxes on Unrealized Capital Gains... That is exactly what they are and why they are so bad and daunting for the public. Because you aren't just paying tax on a gain after you sell it (when you would have cash) you are paying Every Year as the supposed Value goes up.
Click to expand...
You will own nothing, and love it.

Shut up and eat your bug meal.
 
Voodoo said:
I had to look this up and Lee Co only has 450,000 houses. So that would be 5% of ALL houses currently on the market.
Click to expand...
That really doesn't sound so bad.

Florida, more than most states, is a region of transients. Relatively few are born in Florida, grow up there, and stay there as young and then not-young adults. It's, frankly, God's Waiting Room. People come there at 50, selling the business, or 65, retiring, and live out their days.

Figure that the average lifespan is now 80 years (a bit less, now, tied to some modern medical interventions) that's 15 years in Florida. And not all people will be able to live independently all those years. They may be moving into children's homes or assisted-living centers, and the house needs to be sold. Or they could have gone on to the next level, and the estate or tax collector is selling the property.

Now. Two million vacant homes in all Florida? I'd have to look up how much housing is in the state, but, while that seems shocking, it may not be. That would include homes recently completed; homes empty due to planned demolition, condemnation, or other massive change in status, for a variety of reasons.

Does it include seasonally-empty homes, like those of wealthy snowbirds? Does it include properties purchases as income streams, used for short-term or seasonal rentals?

Does it include Black Rock speculative buy-ups, many done before the situation turned into a crisis, and now, not rentable, because no rational person is going to pay $10k a month on rent?

How many of those empty homes are connected to estates in probate, or homes recently transferred, out of Probate, to owners who live elsewhere? Children of deceased who inherited the homes.

The figure needs to be put in perspective. This loud, low-IQ real-estate dood, seems more interested in spinning a Narrative than in informing. I don't care how many decades he has in the market.
 
He's been on this real estate market for some time now. Back when even some here were trying to tell us its fine. Never gonna happen. I would bet you plenty he is far from low IQ.
 
Voodoo said:
He's been on this real estate market for some time now. Back when even some here were trying to tell us its fine. Never gonna happen. I would bet you plenty he is far from low IQ.
Click to expand...
Maybe.

I didn't get that vibe.

He seemed more interested in self-promotion, than in exploring why it's a bad time, and why the conflicting signals from others.
 

PREPARE For Foreclosures: THE COMING REAL ESTATE SHIFT​

Apr 23, 2025

FHA, borrowers and government mortgages have been subsidized since the onset of the pandemic and people who would normally already have been through foreclosure and lost their home are still in their homes due to the FHA paying mortgage services to keep these delinquent borrowers in their homes. Now that is all starting to come to an end, and we are likely to see a flood of short sales and foreclosures coming in the next few years.


21:27

Articles Mentioned in the Video

https://www.theburningplatform.com/20...
https://www.wivb.com/news/local-news/...
https://www.newsmax.com/finance/stree...
 
searcher said:
Locally

www.phillyvoice.com

Committee will investigate claims that blighted property law is being used in predatory manner

Act 135, which puts abandoned properties under control of a conservator, is used to target homes in popular areas, critics say.
www.phillyvoice.com www.phillyvoice.com
Click to expand...
Not surprising.

Corruption is like rot. Once it sets in, it spreads - from the head down.

In my own surfing, I found that a town near where I lived many years - the small college town of Fredonia, NY - has raised real-estate taxes 65 percent.

Since appraisal is handled by county, I don't know how that works; but the local daily paper had it, confirmed it.

So, now city and local governments are Woked up.
 

In transformative property-tax overhaul, it's hard to see the relief | Opinion​

The anticipation for an ambitious proposal to redraw Iowa’s property-tax mechanism from scratch has been building since before last year’s election. The second iterations of bills that would accomplish that are on the table.

No disrespect to the bills' authors, but it’s hard to get excited about the plans. The biggest problem: The bottom line for what most individuals will owe is still unclear.

And, really, the prospects for major savings at the individual level have always been doubtful. Either property tax reform is an exercise in shifting burdens (from commercial to residential property owners, for example, or vice versa, from property-tax payers to income-tax payers), or it produces lower bills by reducing the dollars available to local governments. That revenue is not a luxury item for Iowa’s counties, cities, and public schools. It can’t be slashed without consequences.

More:

https://www.msn.com/en-us/money/tax...S&cvid=32fd9f2d1b35458c8b98e7bc6b97ec8f&ei=22
 
searcher said:

In transformative property-tax overhaul, it's hard to see the relief | Opinion​

The anticipation for an ambitious proposal to redraw Iowa’s property-tax mechanism from scratch has been building since before last year’s election. The second iterations of bills that would accomplish that are on the table.

No disrespect to the bills' authors, but it’s hard to get excited about the plans. The biggest problem: The bottom line for what most individuals will owe is still unclear.

And, really, the prospects for major savings at the individual level have always been doubtful. Either property tax reform is an exercise in shifting burdens (from commercial to residential property owners, for example, or vice versa, from property-tax payers to income-tax payers), or it produces lower bills by reducing the dollars available to local governments. That revenue is not a luxury item for Iowa’s counties, cities, and public schools. It can’t be slashed without consequences.

More:

https://www.msn.com/en-us/money/tax...S&cvid=32fd9f2d1b35458c8b98e7bc6b97ec8f&ei=22
Click to expand...
Yup, the details are slim on this plan, so no thanks DeSantis...
 

The Housing Market SHIFT NO ONE WANTS TO ADMIT..​

Apr 28, 2025

One of the most common comments I get when talking about the housing market is that's not happening in my market. So today I'm taking a look at some of the specific markets that were named in my previous housing market video to see if in fact that is true and what is actually happening in those markets.


21:42
 

Florida's Condo Market MELTDOWN JUST GOT WORSE​

May 3, 2025
For some Florida condos the expenses to keep the building afloat have gotten so expensive they are now going bankrupt. Between rising costs and corrupt HOA boards, it is an absolute nightmare to be a condo owner right now.

Florida's Condo Market MELTDOWN JUST GOT WORSE​

 
Michael B talks flooding, repairs & more.

The Repairs Now COST MORE THAN I PAID FOR THE HOUSE​

May 5, 2025

Most people don't realize it, but flooding is the number one risk that every American homeowner faces yet so few people actually have flood insurance. But the best way to prevent your house from flooding is to never buy one that flooded in the past and herein lies the problem.

The Repairs Now COST MORE THAN I PAID FOR THE HOUSE​

 

Washington governor signs rent-control bill into law​

Washington state Gov. Bob Ferguson signed a bill into law Wednesday that sets limits on rent increases, making the state among the first in the nation to provide protections for tenants.

The rent stabilization measure, House Bill 1217, adds Washington to states like Oregon and California that have sought new ways to curb homelessness.

Bill sponsor Sen. Emily Alvarado, a West Seattle Democrat, said the measure sets common-sense guardrails on the state’s rental-housing market “so that hardworking families and older adults don’t get unchecked excessive rent increases.”

More:

https://www.msn.com/en-us/news/poli...S&cvid=793b81a66ea74c7ca7e8ec4a34d4bab2&ei=23
 

My Friend Needs $6000 or He’ll LOSE HIS HOUSE​

May 12, 2025
Most of us have been faced with this scenario before. A friend or family member falls on hard times and then they come to you and ask for money. Some people feel compelled to give the loan in order to keep the relationship on good terms. However, this can often lead to the opposite where there's a falling out because the person receiving the loan is not able to pay it back. And even worse, some people put themselves in a compromising financial position to give this loan which can cause even more strain between people.


19:59

0:00 Managing Loans to Friends and Family
7:37 Navigating Eviction and Legal Issues
11:50 Tenant Rights and Eviction Consequences
13:56 Florida Property Tax Reforms
18:42 Financial Responsibility in Lending
 
^^^^^
Interesting subject matter. Have been hit up several times. One time I loaned (gave) someone money to help him get a new start. When I gave him the money I told him it was a gift.......he didn't have to pay me back. Worked out good. Guy got a new job, moved into a better place and is soon to retire from that job with a good pension.

Other times I've loaned tools (that I made my living with) and wasn't happy with the end result. Had peeps in bars hit me up.........usually I'd buy them a drink. Never gave money as I knew I'd never see it again. Some of the hard luck stories were worth the price of a drink ;)

Never did have anyone one hit me up for eviction or behind on the rent or mortgage problems.

Peeps are neat. Just gotta be careful what ya do.
 
searcher said:
^^^^^
Interesting subject matter. Have been hit up several times. One time I loaned (gave) someone money to help him get a new start. When I gave him the money I told him it was a gift.......he didn't have to pay me back. Worked out good. Guy got a new job, moved into a better place and is soon to retire from that job with a good pension.

Other times I've loaned tools (that I made my living with) and wasn't happy with the end result. Had peeps in bars hit me up.........usually I'd buy them a drink. Never gave money as I knew I'd never see it again. Some of the hard luck stories were worth the price of a drink ;)

Never did have anyone one hit me up for eviction or behind on the rent or mortgage problems.

Peeps are neat. Just gotta be careful what ya do.
Click to expand...
Thirty years ago, in Denver, I scored a real deal with an old customized Dodge van....$700. Easily worth twice that then, and totally driveable.

Unfortunately I had issues in keeping it - since I rented in the city. Meantime, a co-worker who I'd had some Sunday dinners with, was struggling in not having a car. He had come from a really down-and-out place, and was (I thought) trying find his way back up. He was up for promotion but had to get to the garage at 0400 daily, instead of taking a bus.

So...I floated the idea of selling him my van. $200 right now; $500 in a month, and it's yours.

NOT ONLY did I not get the $500, but he didn't register it. And found my insurance card in the glove box. And had an accident.

And the first I know about it is, my agent calling me, asking why I had an accident after taking the van off my policy. I nearly got cancelled with that one; but that was before businesses went Woke and felt the right to behave any damn way they chose.

I never got the money, the van back, or anything. He later tried to steal my identity...not sure how he got other information; but that's what happens when you try to take water above its natural level.

Who was it who wrote, "A loan often loses both itself and friend"?
 
Casey Jones said:
Thirty years ago, in Denver, I scored a real deal with an old customized Dodge van....$700. Easily worth twice that then, and totally driveable.

Unfortunately I had issues in keeping it - since I rented in the city. Meantime, a co-worker who I'd had some Sunday dinners with, was struggling in not having a car. He had come from a really down-and-out place, and was (I thought) trying find his way back up. He was up for promotion but had to get to the garage at 0400 daily, instead of taking a bus.

So...I floated the idea of selling him my van. $200 right now; $500 in a month, and it's yours.

NOT ONLY did I not get the $500, but he didn't register it. And found my insurance card in the glove box. And had an accident.

And the first I know about it is, my agent calling me, asking why I had an accident after taking the van off my policy. I nearly got cancelled with that one; but that was before businesses went Woke and felt the right to behave any damn way they chose.

I never got the money, the van back, or anything. He later tried to steal my identity...not sure how he got other information; but that's what happens when you try to take water above its natural level.

Who was it who wrote, "A loan often loses both itself and friend"?
Click to expand...
Sadly, helping "friends " out can be costly...
 
searcher said:
Click to expand...

This is what two generations of Woke Leftism in universities, gets you.

A morally-bankrupt leadership class, who want, who crave, the perks of leadership but totally reject both moral scruples or even avoidance of the appearance of corruption.

This sudden attitude of insurance companies, that payment on losses is somehow optional and discretionary, is a new thing. It will ONLY lead to massive distrust of the industry, and this is an industry that cannot function without trust.

What replaces private insurance companies, will almost-certainly be worse - you need only look at Federal Flood Insurance or how things work in Third World nations where the government sells auto insurance - but, when insurance, or banks, or investment pools, cannot be trusted, that industry or segment just stops.

When we can't have legal, organized, civil protection, we'll have to settle traffic-collision losses with clubs and firearms.
 
Things are heating up now....



Note the use of local Realtors to try and keep the market propped up. Don't fall for those idiots talking their book.
 
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