Real Estate & Mortgage 6 – Foreclosure Meltdown Fraud & Scams Dec08 – Recession & Inflation

Saturday, July 10, 2010 11:12

Posted in category Internet Real Estate Scams

Thanks for coming back to visit my blog.

Amidst the Real Estate & Mortgage Meltdown; Foreclosure Fraud & Scams; Real Estates Future is Great. First Time Home Buyers, FHA Loans & Seller Paid Closing Costs. Go To RealEstateMarketingThisWeek.com Part 6 (Excerpt) World wide recession caused by the mortgage melt-down. Is inflation far behind? What their ratings were based on was simply that nobody thought real estate would go down again. They were just going to keep going up forever, doesn’t really matter if you call it AAA or BBB. Isnt going to matter if the note never gets called. We certainly saw that for years in the mortgage industry. We would refinances somebody and a couple of years later they would call us up again and say hey my house went up 0000 in value and I bought a car and a boat and my kids need to go to school and give me another hundred grand out of my property, and it just kept going up forever and ever and ever and as long as that was happening everything was just fine. But then as we know everything just stopped. There’s only so much leverage that could exist out there and that is why the stop started if you will. Because as that leverage continued to balloon; how much more leverage can a Wall Street firm or a bank take on to buy up more mortgage backed securities? Oh I know well carve out these tranches and well sell them off overseas. So that is where it ballooned, how wide reaching and impactful has it been? Well we see it now it’s a global recession. It’s not a US recession for that reason …