A LOT of people are about to be on the streets very soon [UNCLE INTEL]
lets just say I have an Uncle that is an appraiser who just did the first appraisal for the new string of federal foreclosures since CØVID. The scamdemic not only forced people to stay home but legislation was created to keep landlords from evicting; they were given the option to push back payments at an immensely inflated intrest rate so most of the landlords stuck it out in hopes things would change; thus causing a MASSIVE AMOUNT of government issued forclosures.
This is where things get bad.
the federal institution in charge of ALL GOVERNMENT HOUSING LOANS ("HUD"Housing & Urban Development) changed the federal foreclosure laws (CWCOT on the HUD website) which in turn:
-Changed entire foreclosure the process from 6monthes to 45days.
-allows the mortgagee to sell foreclosed loans directly to institutional investors like BLACKROCK/VANGUARD without going on the market first.
lets just say I have an Uncle that is an appraiser who just did the first appraisal for the new string of federal foreclosures since CØVID. The scamdemic not only forced people to stay home but legislation was created to keep landlords from evicting; they were given the option to push back payments at an immensely inflated intrest rate so most of the landlords stuck it out in hopes things would change; thus causing a MASSIVE AMOUNT of government issued forclosures.
This is where things get bad.
the federal institution in charge of ALL GOVERNMENT HOUSING LOANS ("HUD"Housing & Urban Development) changed the federal foreclosure laws (CWCOT on the HUD website) which in turn:
-Changed entire foreclosure the process from 6monthes to 45days.
-allows the mortgagee to sell foreclosed loans directly to institutional investors like BLACKROCK/VANGUARD without going on the market first.
09:39 AM - Jun 07, 2022
Only people mentioned by Robertauthor in this post can reply
Angela Copeland
@Angela111117
07 June, 09:53
In response Robert Wakefield to his Publication
have discussed this with the hubby last few days. big corps are also withdrawing money from the stock market and buying/washing other monies through buying up real estate etc.
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Carole Davis-Z
@Tallyho
07 June, 09:47
In response Robert Wakefield to his Publication
You will own nothing, and be happy...
Californians leaving in droves, selling above market. Then their properties being turned to rental, and, gov putting illegals in, then, paying the rent with our tax money...
We missed all this by the skin of our teeth - we sold our rental in Houston, in April 2020.
Californians leaving in droves, selling above market. Then their properties being turned to rental, and, gov putting illegals in, then, paying the rent with our tax money...
We missed all this by the skin of our teeth - we sold our rental in Houston, in April 2020.
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Robert Wakefield
@Robertauthor
07 June, 09:39
In response Robert Wakefield to his Publication
the process wasnt supposed to start until next year but it has just begun. If the full loan transfer takes 45 days people will have much less time to vacate. In the 2008 market crash people were living in their houses for YEARS before they were evicted; all at different times. THIS PROCESS WILL BE MUCH FASTER. People will be on the streets all at the same time forced to rent from the same people who bought their loans but at twice the rent. This is the first time wallstreet investors are buying houses to rent out. They want us owning nothing.
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