Foreclosure Tsunami. Proof of the Coming Real Estate Collapse.
Support this Channel: Subscribe & Comment. Thank you all! Listen to RealtyTrac analysis of foreclosure tsunami January 26th, 2009, 5:45 pm Interview with foreclosure tracker Rick Sharga of RealtyTrac on whats the chance that what he calls a tsunami of missed mortgage payments will abate anytime soon. I had to cut the first 4 minutes due to the time limit. But, please listen closely at 2:18, Mr. Sharga talks about Shadow Inventory. It’s shocking~! What I learned today will have devastating ramification for the real estate marketing and in turn the entire financial and stock market and the broader economy as a whole. If true…our real estate fate is seal. There will be more housing and real estate foreclosure carnage ahead. The road is long. Prepare yourself and protect your family from this coming economic catastrophe. PLEASE RATE, LINK, SHARE and SPREAD the word so others can learn about the real nature of our real estate and economic crisis. Don’t be a sponge to the talking heads that spew only that which benefits them and their bosses. Wake up! ======================================== From LA Times: Bulk of bank-owned homes aren’t even on the market yet “Banks to unleash flood of REOs” at Inman News looks at the effect of foreclosures on the housing market this year: Inventories of unsold homes are likely to swell in coming months as lenders begin to push a growing backlog of repossessed homes up for sale — often in communities already awash in distressed properties …