Foreclosure Defense Florida

We Are In A Depression And Real Estate Will Crash…..

foreclosures-comingYou think real estate is bad now….just wait, it’s only going to get worse.   Think prices are low now….just wait, down, down, down.   The only real hope for any kind of solution is jobs, jobs, jobs and there is nothing on the state or national horizon that gives us any hope at all that the employment picture will change….until after 2012 at the very earliest.

Incomes are down and going lower.   Jobs are going, going, gone….and guess what, a consumer-driven economy will not support the needs of this complex interconnected world we live in.

I say ignore the news and especially ignore the Realtors with all their delusions of any kind of recovery….if you want to know what’s really going on with real estate and the “recovery” of the housing market….take a look at the stalled foreclosures, cancelled foreclosure sales, dismissed foreclosure cases….and then just add to them the all the millions of properties that are many, many months behind on their foreclosure…but foreclosure not filed yet….how many?

Number of properties that are 30 or more days past due, but not in foreclosure: (A) “‹4,187,000
“‹Number of properties that are 90 or more days delinquent, but not in foreclosure: “‹1,921,000
“‹Number of properties in foreclosure pre-sale inventory: (B) “‹2,164,000
“‹Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) “‹6,350,000

From LPS

Those are all very, very scary numbers and things are only getting worse….please read the attached article for a real picture on where we are and where we’re going….

St. Petersburg Times and Shadow Inventory

One Comment

  • Jack Szhyt says:

    matt, because of the bursting of the real estate bubble this depression is greater than the great depression. also, the last great depression, banking was not global. central banking is worldwide. The dollar is practically worthless and headed for collapse and the FED keeps printing more money. Throwing gas on the fire.
    Thus, inflation. How much are you paying at the food store? This is insanity. I’m going to pay $6000 per year in taxes and insurance on a $20,000 house? Insurance that does not cover anything but the insurance companies asses.
    All for a fraud.

    NO.

    I stopped paying and then hired an attorney who robbed me with out a gun.
    I’m in foreclosure a year september. I wish they would take the place back. it’s old, needs alot of work and too big and i’ll never sell it. Want to buy any good drugs? Get any thing you want over at my neighbors. Call the cops all you want. they won’t do nothing. Good neighborhoods being destroyed.
    but we stay status quo.

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