This is How A Foreclosure Crisis Will Happen

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This is How A Foreclosure Crisis Will Happen
Check out Melody Wrights Information Here:
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DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Real Estate Mindset or Travis Spencer are registered financial advisors. Your use of Real Estate Mindset's RU-vid channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, RU-vid, E-Mail, and Instagram) for communications with Real Estate Mindset does not establish a formal business relationship.

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1 июл 2024

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Комментарии : 139

@scottgriffin2005 2 месяца назад

It makes me so mad that some people are not being held accountable where there are responsible folks that need those houses…. Are the bond holders on these mortgages being paid off by the government? The non transparency of this government is ridiculous

@armchaireconomist8648 2 месяца назад

The easy money in realestate market has already been made.

@carmyopteryx5919 2 месяца назад

Our taxes went up $800. While we can afford it, it makes me worry about next year. And I really feel sick for people that own their homes but live on a fixed income.

@bpb5541 2 месяца назад

I agree. My taxes just keep going up. I had to write a very big check this year ... so I had to raise my federal tax withholding. Sucks pretty bad.

@richarddamien4654 2 месяца назад

Recently my wife and I just sold two real estate properties in the Bay Area for a total sum of $616k due to foreclosures. We plan to purchase a new house next year, the cash is just sitting in our joint savings account What do you recommend we do? I will appreciate any suggestions.

@tammystut 2 месяца назад

Certain stocks and commodities are a good hedge against inflation, however you need to know what the heck you're doing or better still, seek help from a money coach/invt-advisor

@patrickjones1392 2 месяца назад

Concurred. was way easier for me to navigate the markets not until 2020 stock market crash, I had to source for a prtfolio-coach to revamp my entire prtfolio and hedge against inflation. Concisely, I’ve pulled off around $ 8 5 0 k after subsequent investments, since using a coach two years and counting...

@richarddamien4654 2 месяца назад

this is huge! can you be kind enough with info on the coach that guides you please? I’m in dire need of one as I approach retirement

@patrickjones1392 2 месяца назад

Monica Mary Strigle’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@richarddamien4654 2 месяца назад

Tnks for sving me hours of research. I curiously searched for hr on my brwser nd found hr page. I hope I can personally interview Monica.

@not_nostradamus683 2 месяца назад

1.) Federal banking laws allow banks to keep foreclosures off of the market for 5 years, up to 10 years if selling the foreclosure will cause the bank harm. 2.) The Federal Reserve changed the foreclosure rules around the year 2011 to allow banks to rent out foreclosures. Banks prior to this had to leave the foreclosure empty. Because of the Federal Reserves' rule change, banks were allowed to become landlords of foreclosures. This eased the burden of #1. This means banks no longer had the impetus to dump foreclosures on the market. Banks could leak foreclosure inventory on to the market when it is to their advantage.

@anniealexander9616 2 месяца назад

Banks probably don't want to fix up the homes to rent out. It's not cheap.

@bigbubba4314 2 месяца назад

As the lender, the bank has complete control over when they choose to foreclose. If they care less about the lack of payment on the loan than the price they will obtain on the sale of a foreclosed house, that is entirely their choice. If they do actually foreclose (a court case, judgement won, and then public auction) and win the auction, then the bank is the owner of the house. Again, they can choose to hold, rent or sell at their sole discretion. By definition, a “foreclosure” is a home on which a lawsuit to foreclose has been filed, but not yet resolved. If the bank wins the case, it becomes “REO” property (real estate owned).

@haydar378 2 месяца назад

Fed bank will print paper money 💴 that will only increase any hard assets

@Team.America 2 месяца назад

🇺🇸 Great guest. You should bring her on your channel more often!

@realestatemindset 2 месяца назад

She's such an asset to me and helping to put together the puzzle.

@Team.America 2 месяца назад

@@realestatemindset Awesome! 😎

@davidlivesay6948 Месяц назад

Melody is the best! Her honesty and candor is extremely rare, and I, for one, am grateful for it!

@tonyrobinson7211 2 месяца назад

Thank you both for great advise!

@mariusbuciuman307 2 месяца назад

Your intro music is FIRE Travis

@Joshuatree7746 2 месяца назад

You can spin the data however you want to make it say whatever you want.

@TheGuruStud 2 месяца назад

*Sees bundle of subprime mortgages* ah, yeah, look at this amazing AAA bundle! *Slaps AAA label on em*

@hungvu8480 2 месяца назад

Just say you can buy a house in Texas, with property tax at 3.3% plus HOA. You will still end up and make payment each month more than $1300 each month for insurance + tax + hoa as long as your name on the deed. And that is mortgage payment for life even you do not own the bank a dime! Check out property new tax, new insurance before sign a purchase contract. For a folks who is retired, that $1300 each is more than social security pay out which is about $1200 monthly

@gregorymartin2697 2 месяца назад

New Intro much better 👍

@Jenjenn1111 2 месяца назад

I like the new intro!

@user-jd2vz4my1w 2 месяца назад

In 2013, my three adult sons left home - two got married - my wife of 30 years divorced me after we got foreclosed and I walked away from the house after being involuntarily unemployed for 6 years since 2008. I sold the furniture, junked my obsolete computers, sold my used car, burned my old clothes, packed up my bags with newer clothes. My number 2 son (unmarried) found an apartment (decent $750 1 bedroom - I sleep in the living room) and moved in with me. He complained that his mom was a "Karen." I left the door unlocked for the sheriff and his deputies. We left the house two weeks before they arrived and then - 15 days later - I stood on the sidewalk a block away watching them walking through the front door. If you have little kids, never wait until the deputy breaks in your door with a crowbar - they will cry and scream and you will emotionally scar them for life.

@savedbygrace777 2 месяца назад

I pray I can buy a HOME! 🙏🙏

@bpb5541 2 месяца назад

You will be able too. I think that all Real Estate is worth half of what it is going for now. We will crash as all bubbles do. Just put as much money away as you can so when it does you can take advantage of those lower prices. Think of all the millions and millions of boomers that will be leave us and how much the home builders have over built. All that is going to come onto the market and flood it. There will be way more sellers than buyers. This will cause the prices to crash..... hard. Just like we are seeing in the car market right now and the car market is an indicator as to what is coming for Real Estate. Keep your head up. The boomers that caused all this mess are gonna get theirs... they just don't know it yet. But they will.

@ediem4222 2 месяца назад

I really wanna buy but I cannot afford property taxes. Even if I were to pay my home in full, I'm getting close to retirement and I will not have been money to pay for property taxes. It said how the government who put us in the situation are the ones that are benefiting. But isn't that how it always goes.

@cherylcampbell7495 2 месяца назад

Arizona taxes are reasonable.

@ediem4222 2 месяца назад

The problem is that property prices have increased by a double in the last 12 years. Obbably more than a double. So even in states where property taxes are low, You're still looking at paying a minimum of a $1000 for taxes and homeowners insurance. That doesn't even count what you pay for HOA.

@yavor19121 2 месяца назад

@@ediem42221K for tax and insurance? Is this a Home Depot shed ur talking about. Are u talking monthly or yearly?

@chrism9017 2 месяца назад

New intro is nice and short. I'm liking it.

@jzilla2413 2 месяца назад

Travis What metro areas will you be going to?

@user-rl4pv1ds4l 2 месяца назад

TRAVIS Bring back your old intro!

@pqtpat7734 2 месяца назад

It was better. Great Jerome sound bit

@hood6854 2 месяца назад

@@pqtpat7734Why listen to summer 2022 Powell sound bytes when winter 2024 Powell made it clear that the housing market isn’t his problem and that the Fed doesn’t care?

@tess7798 2 месяца назад

This new intro looks more professional

@HomesonLocke 2 месяца назад

@@hood6854 Lol exactly.

@tarody3953 2 месяца назад

During the GFC they also drastically increased lending standards, no one could get a loan. People don't realize how much lending standards have been loosened since 2013-2015.

@CrashBr0 2 месяца назад

I experienced this. It's what took me out back then.

@nbidwell1977 2 месяца назад

Do you see a market which is (on paper) looking strong like Seattle/Tacoma being exempt from foreclosures? Their pre-foreclosure numbers are small. Thank you Travis!

@irfaankalamadeen9823 2 месяца назад

delinquencies excludes foreclisures? lol why am i not surprised at that. I guess it goes with the theme of median sale price excludes new homes and inflation excludes food and gas cause its volatile lol. But everything is great if you dont have a volatile meal lol.

@SammiFidel-so5tx 2 месяца назад

Hi Melady

@doolittlegeorge 2 месяца назад

People are attacking "squatters rights" but leaving a property abandoned is also a crime so a very complex situation best handled if nothing ever built in the first instance but of course humans being humans..

@sheraspencer 2 месяца назад

Absolutely bonkers!

@BellaBella-jw9ef 2 месяца назад

Melody ❤

@user-jd2vz4my1w 2 месяца назад

"Mortgage" is old French for "Death-grip."

@flowerlee4727 2 месяца назад

It’s time for real estate to correct 30%

@yellaboymike561 2 месяца назад

30%? Try 50-60%

@tonypadilla565 2 месяца назад

Rates need to be around 7-8% and home prices need to drop at least 50% to match today's wages

@jackjohnson9449 2 месяца назад

In what world would they exclude foreclosures in their delinquency rate?

@threemonkeys5441 2 месяца назад

Are we supposed to wait two or three years to buy a house. Been waiting two years and the houses still selling in days and at crazy prices. Even this weekend with the interest rates skyrocketing

@raymond_sycamore 2 месяца назад

Thank you Travis for having Melody and her wisdom on yet again!

@The_Clumsy_Investor 2 месяца назад

Absolutely FREAKIN' BONKERS!!! I'm torn; I want more houses to come online to bring prices down but I don't want people to lose their homes 😔

@LajitasRain 2 месяца назад

The people that lose their homes are the people that ridiculously overpaid running up the prices for the rest of us.

@bpb5541 2 месяца назад

We passed that line a long time ago. What comes next is a liquidity, collateral, and credit crisis all at the same time. Folks are not just going to lose their houses.

@iamblessed1797 2 месяца назад

Let's Go! Happy Saturday ❤

@agentcrypto7741 2 месяца назад

Can’t get used to new intro lol

@joeybakula308 2 месяца назад

I don’t like..lol

@pattymcgregor1596 2 месяца назад

It''s terrible lol

@MichaelPowers-xb8um 2 месяца назад

Melody, I love your information. I'm begging you to get a better internet connection/upload speed. The constant buffering is PAINFUL.

@zerothree8533 2 месяца назад

Thank God, you exposed lies. It must’ve taken years and years of research but now you have exposed the lies.

@zzdlover2005zz 2 месяца назад

I don't believe in the appraisal process from the local agency. The property tax should be based on the purchase price. This caused the retired people out of their home.

@stevenshorten6184 2 месяца назад

If there's another crash, you'll never even know it. Those get swept up by investors quietly now. Anyone failing to pay will continue to get a bailout. When enough people don't pay, you'll get the debt jubilee and they'll get the property for free.

@shanerogers9386 2 месяца назад

I heard people are going to make those investors disappear

@danstar455 2 месяца назад

The beginning of the GFC right after Lehman was kinda nice for driving on the expressway because there were very few cars! The Fed could have raised in late 2009 to work its way thru defaults as the manufacturing economy was recovering but then after TARP, QE1, QE2, QE3. Now out economy is dead. Big Banks won.

@jorgecasamiquela1186 2 месяца назад

Bonkers Kid 😮

@pablo81778 2 месяца назад

Pearl Jam and Stone Temple Pilots concerts; all in!

@paulconner4614 Месяц назад

When looking at the economy it depends on what you are looking at as to what the picture us. Unemployment is very low. GDP growth is strong. Many of the Macro numbers look good. It is when you look under the surface that you see the cracks. Credit card delinquencies going up. Mortgage delinquencies and foreclosures going up (need to compare to 2018/19 to be accurate as to whether they are going up or just returning to trend). Eviction rates rising. Car repossession rates. Those are the measures that tell you what is happening in the lower 60%. Also monitor the U-6 unemployment rate instead of the U-3 because it also shows part-timers that want to be full timers (underemployed) and discouraged workers (those that have looked for work in the past 12 months but given up in the last four weeks). This will show the leading edge of an employment issue (fyi, This bottomed out at 6.5 in Dec 2022 and now stands at 7.4)

@pictureworksdenver 2 месяца назад

Foreclosures! Hilarious! You guys crack me up!

@bpb5541 2 месяца назад

Folks have no idea what is coming... but they will.

@scrogg13 2 месяца назад

Enjoy! 🤘😎🤘

@radzer0966 2 месяца назад

Something I see nothing on. If gas jumps which it could with what’s going on. Last time everyone ran from the trucks and large suv to hybrids etc. paying a premium for fuel economy and taking a beating on the big vehicles. What if that happens this time to add to it as well.

@elliotthovanetz1945 2 месяца назад

With record unaffordability, why is ANY mortgage in forbearance??

@iGotViet 2 месяца назад

Risky lending practices are going on right now. I’m getting approved for 4k monthly payment when my take home is 7k. Pretty crazy of them to allow this. I’m lucky I have other people helping with the payment but others may not be aware of this danger.

@anomaly2990 2 месяца назад

Fix your audio latency Melody.

@Miranda3730 2 месяца назад

Worried about my retirement accounts....the gfc already screwed it up, now this!

@dahlmer1234 2 месяца назад

F$@K! This is a great presentation! Especially the last 10 minutes. Such hard truth! Thank you

@raystarky3896 2 месяца назад

THATS RIGHT! What we do know is the PEOPLE who forgot the PAST>>>>> will REPEAT again. SO in my 1st buy with my Mom back in APR 16 1984 for $83,800 we saw VERY HIGH interest rates i believe was 14% then in 1987 we saw a BOOM (bought houses again) and then a DROP around 1990, Then we saw a BOOM around 1996 to 2000 then a BUST, then we saw another BOOM starting at the end of 2003, and then a BUST around 2007 (sold and bought houses again) Real State started DROPPING, by 2010 bought a house 3/2 at a 1987 price

@TopVillain 2 месяца назад

Why don’t new buyers know what their taxes are going to be you really think your half million dollar home has only a 1000 a year tax bill r

@robhernandez1827 2 месяца назад

Millions

@danimi361 2 месяца назад

There's lying goin on? Well! I never!!

@roblow5745 2 месяца назад

Bonkers

@emdr-willdavlin 2 месяца назад

What month is a recession announced by the fed

@deseosuho 2 месяца назад

Based on history, they will announce it about a year after the recession will have been deemed to have started, after all the revisions to economic data are in. Even bad revisions don't swing GDP by more than 1-2%, and reported GDP growth in Q4 2023 was +3.4%... So, the earliest they could date it would be Q1 2024, and if that was the date, they still wouldn't announce it till at least Q4 2024. I'd say odds that an official NBER recession is announced in 2024 is below 1/3.

@TheGuruStud 2 месяца назад

@@deseosuhoinflation was 7%. GDP still negative lol

@michaelsyufy7733 2 месяца назад

Scary to Own!?

@stedmays2768 2 месяца назад

Melody's the best, learn a lot from yall's conversations........one interesting thing that happened in midtown Atlanta during the GFC is that there seemed to be a lot of price capitulation in addition to actual foreclosures. I saw a lot of that at the time and even bought a couple of properties that were priced similarly to foreclosures during the GFC. So I wonder if there's a way of tracking these properties of extreme capitulation that seem to be de facto foreclosures even if not technically foreclosed on, hmm.....anyway, thanks again to you both for the searchful analysis of the data that I can rely on you to do.

@beatdown3361 2 месяца назад

Wow. Foreclose are coming??!! Wow I’m pumped. I’ve been going home everyday staring at my kitchen and taking a huge whiff of my success to inflate the shit out of my ego!!! I eat rice beans and eggs. Sold everything I have that’s not real estate. Gave up all my hobbies. Barely see my kids anymore. I work 7 days a week. And I love it!!! Im gonna eat up these foreclosures. Im grinding my teeth right now thinking while scrolling Zillow! Her we go!! Lets get it!!💪

@okimitchell1043 2 месяца назад

I tend to feel most people who watch these reality content providers are doing well so we can stroke out egos a little😊. I'm five thousand away from a paid for house and currently salivating for the down turn.✌️👏🤘😁

@beatdown3361 2 месяца назад

@@okimitchell1043. It’s our turn now baby. Wooooooo hoo 🤘

@farmerfox99 2 месяца назад

You should have bought gold or gold miners 6 months ago. Look at the chart oh gdxj. And weep🤣🤣🤣 imho youde do far better than real estate

@beatdown3361 2 месяца назад

Doesn’t matter. Im addicted to real estate

@The_Varza 2 месяца назад

Errr, are you ok? Should we send help?

@believeroftheword4627 2 месяца назад

Absolutely BONKERS!

@pattymcgregor1596 2 месяца назад

New intro is wack bring back the old one

@realestatemindset 2 месяца назад

I'll run the poll shortly.

@nhantran6645 2 месяца назад

this is not war?

@user-gr8bx7sy5d 2 месяца назад

I don't see it. You need 3M minimum foreclosures to even make a dent for a crash to happen. I don't see it.

@CrashBr0 2 месяца назад

Most people didn't see it last time either.

@bpb5541 2 месяца назад

7500 boomers die each day. The house builders overbuilt (even though we are being told differently... look at lumber futures that is all you need to know). No one is having kids anymore because they can barley make it as it is. People who bought a house in the last 3 years bought the top. We are going to see a massive supply side flood. Should we get a "black swan" event things will happen fast, really fast just like it did during the Dot Com, the GFC, and the Great Depression. IMHO next we get all three of those things together.

@edwardsteinmetz-gl3zl 2 месяца назад

For the algorithm.

@FLAC2023 2 месяца назад

The REAL question: who's telling them NOT to include the foreclosures... that's what nobody talks about

@x2for10x 2 месяца назад

How does a person creating media... then say dont trust the media .. you are media.....???

@helpyourfellowhuman 2 месяца назад

👍🏻

@haydar378 2 месяца назад

The only thing will crash for sure is US dollars

@bpb5541 2 месяца назад

There is two possible senerios. 1. We crash. If we crash the dollar survives and America survives. Or 2. We get hyperinflation, the dollar goes to zero and America does not survive. Pick one.

@nneisler 2 месяца назад

Melody you need to invest in better internet connection

@mle3857 2 месяца назад

How can we keep talking about this damn housing market! It takes years to decline, but talking and talking about it is crazy..

@CrashBr0 2 месяца назад

Easy, you show up watch the video's then we talk about it. 😂

@JKlessig 2 месяца назад

I predict 401k hardship withdrawals increasing.

@HipHopCantSaveMe 2 месяца назад

How old is dear Travis?

@okimitchell1043 2 месяца назад

Forty something

@inthevault9603 2 месяца назад

BONKERS!

@user-zo6uz8bf1g 2 месяца назад

Come see us in New Braunfels and float the Comal river with the wife and I

@cesarpareja2002 2 месяца назад

Bring back the original intro please

@benrichards9667 2 месяца назад

national average 30-year fixed mortgage APR is 7.10%.

@jshep23 2 месяца назад

Welcome to the Black Swan Season: Iran v Israel. Be ready for anything people.

@pablo81778 2 месяца назад

"How you doin?" : Joey

@fusion82 2 месяца назад

✌️

@realestatemindset 2 месяца назад

Omg fusion! I haven't seen you in a little. I hope all is well my friend

@user-uy9wy9fi2b 2 месяца назад

Hold on to ur underwear! Expect a 60% drop

@LJH662 2 месяца назад

Nah wrong melody. By 2025 Trump will be back and the economy will be be booming. These distressed people will be saved.

@GigiEmbrechts 2 месяца назад

Dream on, he is not your savior.

@LJH662 2 месяца назад

@@GigiEmbrechts Chosen by God to save this country. If you don’t like it, LEAVE BC NOTHING WILL STOP IT!

@bpb5541 2 месяца назад

May I remind you Trump (as did Biden) gave out massive stimi checks. One thing Trump did that Biden did not do was give coporations the largest tax break in history so the middle and poor classes can pay for everything and let the rich keep all their money. Don't be silly if Trump get elected he will be the sitting president while we are going through a depression. Nothing anyone can do about that now.