How Millions of American Will Lose Their Homes
Posted By: admin | 2009.11.18
The Sub Prime mortgage crisis has hit and the effects are still unknown. The Option ARM crisis has not hit yet. The Option ARM is not a Sub Prime loan!! People with good credit scores and low income have this too. Reckless home purchases and refinances with no long-term goal. **Please note – 61 was assumed to be interest-only payment for this video at 00:15 seconds…so, it should of been 8% fully indexed rate instead of 7%. Doesn’t change much, just that one slide…I caught it too late …
25 Comments:
uturniaphobic / January 6, 2009 4:51 pm
ok I am referring to proximity of the boarder.
and the amount of sub-p lending that took place there compared to elsewhere. It’s higher here.
Not blaming illegal immigrants either. I point to those who exploited these circumstances.
to me, it shows us that humans will do anything for a buck. even undermine their own country.
3089280288 / January 6, 2009 6:22 pm
or better to have a realestate lawyer present.
armcrash / January 12, 2009 4:12 am
lol great point (only the biggest investment of your life) – as long as the real estate lawyer is not working for the bank, broker, selling agent, appraiser, or escrow,
LouieFrias / January 27, 2009 2:56 am
Great information! Thank you for helping educate people. Here’s another resource to consider. FederalHomeLoanMods(dot)com
debrabee / February 6, 2009 9:24 pm
America Tax payers give around one third of its foreign aid budget to Israel
Israel’s citizens are among the wealthiest in the world,
50 million plus of US citizens cannot afford basic health care
Israel’s foreign aid allotment is 3.36 billion per year of OUR taxpayer money
it actually works out at $50,000 dollars in aid per head of every Israeli citizen directly and indirectly.
I dont want anymore of my taxes going to Israel what can I do?
armcrash / February 7, 2009 9:44 pm
Israel has 7 million people. Divide that into 3.36 billion and you get about $500 per head. Also, U.S. foreign aid was estimated at over $20 billion in 2008 (Council of Foreign Relations). So, 3.36 billion is about one sixth. But, I read this: “The $6.72 billion figure does not include loan guarantees and annual compound interest totalling $3.122 billion the U.S. pays on money borrowed to give to Israel. ” (Washington Report on Middle East Affairs). Less than 1% of the stimulus bill , hehe.
drunkenmonkeyrage / February 16, 2009 10:25 am
lol, great video. very educational. I can’t believe people buying a home and never calulating the real costs…no wonder america is in so much trouble
Marlon1416 / February 18, 2009 1:02 am
Their goes my future,lol.
dcprotests / February 20, 2009 4:26 am
WOW! If this is true, then this is a ticking time bomb! There is no time left!
chrisvet1 / February 24, 2009 10:02 am
And add to your mix that that 1/3 that is given to Isreal is actually 50% of the total foreign aid strapped on American taxpayers over the past 60 years.
chrisvet1 / February 24, 2009 10:05 am
When I started buying properties 20 years ago it was a no brainer to get 20 year AM with weekly payments.
While Canadians were living in lala land buying left right & center in 2006 / 07 I was selling 50% of my worst income properties to pay off the best ones
Why? Only take advise from those who’ve done it better than you. In this case, I listen to multi millionaire real estate investors, not the idiots on TV, or bankers who know nothing.
razlika / March 11, 2009 3:02 am
Maybe we should rethink comunism and let the state gives us homes.
2112foru / March 22, 2009 7:45 pm
Communism not comunism.
bcmalloy / March 24, 2009 12:14 pm
This is a loan from a financial institution, if I didn’t know better I would say you borrowed money of the fucking mafia
Crazyman1212 / March 25, 2009 8:12 pm
communism could work if it weren’t for corrupt leaders and business men. If humans were not greedy, communism could work.
Crazyman1212 / March 25, 2009 8:14 pm
the internation bankers are just going to take your money and throw you into a labour camp like the rest of us.
chrisvet1 / March 26, 2009 3:45 am
Communism removes the incentive for productivity. A visit to many parts of eastern europe (including russia) serves as a reminder. Its like walking 50 years into the past, stagnation, deteriorated bldgs etc.
The capitalist system was the best in history until Americans were duped into the privately owned federal reserve.
Greed is responsible for everything in your home. (greed isn’t bad, political / economic systems are.)
chrisvet1 / March 26, 2009 3:48 am
I hope your wrong – but years of research says its either that, or a series of natural / man made disasters that will change this world drastically.
The upside is having the means to construct elaborate underground self sufficient shelter 100’s of miles away from the nearest civilization.
The question however, is when do you go into hiding.
b2flyer1 / March 31, 2009 5:44 am
I know people that signed these loans.Most have already lost they’re homes.
lashark19 / April 3, 2009 5:44 am
There is a way to hold predatory lenders responsible, help people to keep their homes, and not put the tax burden on future generations. It is called term ownership. Do the research and tell your senator about it before it’s too late.
sritger / July 30, 2009 1:14 am
Nobody put a gun to these people’s heads and forced them to take a time bomb mortgage. F ‘em.
nomoreterrorism / August 16, 2009 8:19 pm
The banks are screwing people over and it is time for someone with a back bone to legislate new laws to protect the consumer. Oh and your attitude stinks
marshemell0w / August 18, 2009 6:04 pm
You’ll be sayin’ “eff me” when you’re getting dragged out of your home for no reason.
MrDeerecub1977 / October 2, 2009 12:55 am
who allowed it. who wasnt wastching this .its all set up to fail.
empnero2327 / October 21, 2009 12:13 pm
Yeah, I have been having a lot of success with the newsletter from authoropen . com