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Visit our website http://www.robertjrussell.com for more information or call direct 972-679-9029

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We would like to help educate people on the current market. For instance just one of the things many people are unaware of is that if you are facing foreclosure on your property the bank will usually provide you some relocation assistance (money) in order to vacate the property and help you get your foot in the door somewhere else.

http://www.trentrealty.com

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We would like to help educate people on the current market. For instance just one of the things many people are unaware of is that if you are facing foreclosure on your property the bank will usually provide you some relocation assistance (money) in order to vacate the property and help you get your foot in the door somewhere else.

http://www.trentrealty.com

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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!
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From L.A 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….

Because it can take weeks or months for lenders to put repossessed homes on the market, the impact of real estate-owned (REO) properties on inventories lags behind foreclosures. Government efforts to recapitalize banks through the Troubled Asset Relief Program (TARP) and other bailout measures may also have taken some of the heat off of lenders to unload REO properties at fire-sale prices.

But with the emphasis of TARP and other government relief efforts now expected to shift to creating jobs, helping troubled borrowers avoid foreclosure and providing incentives for home buyers, lenders could soon unleash a torrent of real-estate owned, or “REO” properties — even in markets already flooded with an oversupply of homes for sale.

“It’s almost like a tsunami — you can see it coming and you know it’s going to hit but you can’t get out of the way,” said Ann Stickel, vice president of affiliated services with Sarasota, Fla.-based brokerage Michael Saunders & Co.

So how many bank-owned properties aren’t even on the Multiple Listing Service yet? RealtyTrac senior vice president Rick Sharga puts the number at 75%. That’s a lot of houses.

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Tags: “The dollar collapse” “housing crisis” “financial crisis” subprime hyperinflation inflation economy “economic collapse” “stock market” “stock market collapse” “real estate” fed “federal reserve” money “fiat money” gold silver commodities housing bubble 2009 2008 downfall investing for sale training agent agency selling subprime Peter Schiff Jim Rogers Gerald Celente Alex Jones Ben Bernanke

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We have a wide variety of investment properties whether its a home, house, condo, apartment building, duplex, triplex, fourplex, raw land or townhouse in Bellingham, Blaine, Ferndale, Lynden, Mount Vernon, Burlington or anywhere else in Whatcom or Skagit County, Washington.

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By registering at http://www.WhatcomInvestmentProperty.com you will get access to a full range of properties: homes, houses, condos, raw land, apartment buildings, duplexes, ranchers, craftsman, two storey and more.

Join http://www.WhatcomInvestmentProperty.com so you can get priority email notification for every type of property and real estate invesment deal that we find in Whatcom & Skagit Counties in Washington, and make big profits in real estate as a real estate investor. You also get free access to our Special Report titled How To Buy Investment Property The RIGHT Way.

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