TheCashProvided.com | Create MA$$IVE Wealth! Bank of America’s (and many other banks) dirty BIG secrets and LIES are about to cause a MASSIVE slide in home prices down again. John is giving you numbers in this video… right from BoA Vice Pres Ken Gaitan. Foreclosures are about to go through the roof by years end. Current foreclosures at BoA 7500 weekly… by Dec 2010 projected 45000 weekly The damage on housing and the economy will be devastating. Learn just how bad “shadow inventory” is right now.
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I will be posting this video at piggybankblog com which was created for all those who were abused by Bank of Destroying America’s potentially irregular, fraudulent and simply abusive loan modification program.
that was mentioned in the video…
the source is mentioned on the video
Sub-Primes were 1 trillion and a big wave of 1.6 trillion of Alt-A and Option Adjustable Rate loans adjust higher March 2010 through January 2012. Housing will hit bottom October 2011 through January 2012. On the flip-side, rates are 4.4% so if you can lock in a small payment, 2010 and 2011 are the years to do it. The second half of 2011 the prices should be at their absolute low and rates will still be low. On the flip side, banks are reworking loans so I only expect a 10% dip in prices.
interesting. thanks for making this video.
your VERY welcome!
I guess we wont know if that will come to fruition, now that they all have stopped foreclosing! What a crazy situation! thanks for the Video!
so what happens to the people who have moved out due to foreclosure ??
do the houses remain empty ? what happens to the houses?
thanks
ashjoma from Australia
WHAT! 7000 homes per week projecting to 45000 by December 2010!!!???
WTF! I guess we can only PRAY! Doomes day coming!