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ALOT of people are about to be on the streets very soon [UNCLE INTEL]

 
StopTheOP
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06/06/2022 07:59 PM
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ALOT of people are about to be on the streets very soon [UNCLE INTEL]
lets just say I have an Uncle that is an appraiser who just did the first appraisal for the new string of federal foreclosures since CØVID. The scamdemic not only forced people to stay home but legislation was created to keep landlords from evicting; they were given the option to push back payments at an immensely inflated intrest rate so most of the landlords stuck it out in hopes things would change; thus causing a MASSIVE AMOUNT of government issued forclosures.

This is where things get bad.

the federal institution in charge of ALL GOVERNMENT HOUSING LOANS ("HUD"Housing & Urban Development) changed the federal foreclosure laws (CWCOT on the HUD website) which in turn:

-Changed entire foreclosure the process from 6monthes to 45days.

-allows the mortgagee to sell foreclosed loans directly to institutional investors like BLACKROCK/VANGUARD without going on the market first.

the process wasnt supposed to start until next year but it has just begun. If the full loan transfer takes 45 days people will have much less time to vacate. In the 2008 market crash people were living in their houses for YEARS before they were evicted; all at different times. THIS PROCESS WILL BE MUCH FASTER. People will be on the streets all at the same time forced to rent from the same people who bought their loans but at twice the rent. This is the first time wallstreet investors are buying houses to rent out. They want us owning nothing.



Last Edited by StopTheOP on 06/06/2022 08:02 PM
Anonymous Coward
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06/06/2022 08:04 PM
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Re: ALOT of people are about to be on the streets very soon [UNCLE INTEL]
JC-0bhwg
Butch DeFeo

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06/06/2022 08:06 PM
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Re: ALOT of people are about to be on the streets very soon [UNCLE INTEL]
bump

I KNEW the part about selling the mortgages to Black Rock, etc would happen. Easy to read the future on that one.

Last Edited by Butch DeFeo on 06/06/2022 08:06 PM
:DOCSRBAFFLED::redblueLED::DONTBEAPANDEMICS:
Only you can stop the fake pandemic for yourself, no one will ever tell you the pandemic is over. It's time to WIN.
Anonymous Coward
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06/06/2022 08:07 PM
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Re: ALOT of people are about to be on the streets very soon [UNCLE INTEL]
bump

I KNEW the part about selling the mortgages to Black Rock, etc would happen. Easy to read the future on that one.
 Quoting: Butch DeFeo


Dishes back to square 1 oops
Only Me
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06/06/2022 08:12 PM

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Re: ALOT of people are about to be on the streets very soon [UNCLE INTEL]
I wonder how they are going to get those with actual home ownership (paid in full) on the streets? That's when people are going to probably go full nuts.
Goodbye, halcyon days...

 There is a theory which states that if ever anyone discovers exactly what the Universe is for and why it is here, it will instantly disappear and be replaced by something even more bizarre and inexplicable.

There is another theory mentioned, which states that this has already happened.
Justsayno

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06/06/2022 08:21 PM
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Re: ALOT of people are about to be on the streets very soon [UNCLE INTEL]
I wonder how they are going to get those with actual home ownership (paid in full) on the streets? That's when people are going to probably go full nuts.
 Quoting: Only Me


They are hitting us with so many things at once it won’t be much longer before things get really sporty, we are just 9 meals away from complete anarchy

I think the majority who have paid off their mortgages are also old enough that the vaccine will be their demise, directly or indirectly
Malu
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06/06/2022 08:23 PM
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Re: ALOT of people are about to be on the streets very soon [UNCLE INTEL]
I wonder how they are going to get those with actual home ownership (paid in full) on the streets? That's when people are going to probably go full nuts.
 Quoting: Only Me


there's no way they'd do this before the election.

.
Only Me
Strawberry Girl

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06/06/2022 08:23 PM

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Re: ALOT of people are about to be on the streets very soon [UNCLE INTEL]
I wonder how they are going to get those with actual home ownership (paid in full) on the streets? That's when people are going to probably go full nuts.
 Quoting: Only Me


They are hitting us with so many things at once it won’t be much longer before things get really sporty, we are just 9 meals away from complete anarchy

I think the majority who have paid off their mortgages are also old enough that the vaccine will be their demise, directly or indirectly
 Quoting: Justsayno


The house we live in is fully paid for in my bf's name. He still works and hasn't had the jab. There aren't many in this scenario, but I think we are going to be the hardest to get rid of.
Goodbye, halcyon days...

 There is a theory which states that if ever anyone discovers exactly what the Universe is for and why it is here, it will instantly disappear and be replaced by something even more bizarre and inexplicable.

There is another theory mentioned, which states that this has already happened.
Anonymous Coward
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06/06/2022 08:25 PM
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Re: ALOT of people are about to be on the streets very soon [UNCLE INTEL]
undocumented migrant Americans need housing -- a win-win here

with 300,000-500,000 coming in each month ... some vacancies are going to be needed
Keilani

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06/06/2022 08:27 PM

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Re: ALOT of people are about to be on the streets very soon [UNCLE INTEL]
Honestly, if you're not paying your mortgage I don't see any reason to allow you to stay in a place for months or years, just not fair. I knew several people that basically lived for free for a year before being evicted, that's just not fair.

That being said, no WAY should institutional buyers (ie. Blackrock and Vanguard), should get first dibs on any houses. In fact, I think these institutional buyers should be banned from buying property.
Anonymous Coward
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06/06/2022 08:27 PM
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Re: ALOT of people are about to be on the streets very soon [UNCLE INTEL]
undocumented migrant Americans need housing -- a win-win here

with 300,000-500,000 coming in each month ... some vacancies are going to be needed
 Quoting: Anonymous Coward 79474911
Anonymous Coward
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06/06/2022 08:28 PM
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Re: ALOT of people are about to be on the streets very soon [UNCLE INTEL]
Honestly, if you're not paying your mortgage I don't see any reason to allow you to stay in a place for months or years, just not fair. I knew several people that basically lived for free for a year before being evicted, that's just not fair.

That being said, no WAY should institutional buyers (ie. Blackrock and Vanguard), should get first dibs on any houses. In fact, I think these institutional buyers should be banned from buying property.
 Quoting: Keilani


Also shouldn't solicit mails to buy your property I call it what I see it
Anonymous Coward
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06/06/2022 08:28 PM
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Re: ALOT of people are about to be on the streets very soon [UNCLE INTEL]
that's weird.

I heard the words '45 days' in my head today.
Anonymous Coward
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06/06/2022 08:29 PM
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Re: ALOT of people are about to be on the streets very soon [UNCLE INTEL]
As long as we SAVED LIVES FROM COVID, that's all that matters.

Love, tripple vaxxed laptop class Covidian Karen with LONG COVID.
eyebat
Anonymous Coward
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06/06/2022 08:31 PM
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Re: ALOT of people are about to be on the streets very soon [UNCLE INTEL]
Yeah.
Keilani

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06/06/2022 08:32 PM

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Re: ALOT of people are about to be on the streets very soon [UNCLE INTEL]
There is a BLACK rock in Mecca.... just sayin....
Keilani

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06/06/2022 08:33 PM

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Re: ALOT of people are about to be on the streets very soon [UNCLE INTEL]
that's weird.

I heard the words '45 days' in my head today.
 Quoting: Anonymous Coward 78152436


Probably cuz the sh/t will hit the fan then, will be trickle down, gas, $7-9, food up 30-40%, people losing housing, no place to move to .... on and on.
tiger1

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06/06/2022 08:34 PM

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Re: ALOT of people are about to be on the streets very soon [UNCLE INTEL]
I heard the house next door to me is going up for sale in 2 weeks. I will have to keep an eye out for nefarious buyers.
Praise God from Whom all Blessings flow !!!
Anonymous Coward
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06/06/2022 08:34 PM
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Re: ALOT of people are about to be on the streets very soon [UNCLE INTEL]
Hmmm. This would counter what you posted OP.

[link to www.housingwire.com (secure)]

The Federal Housing Administration said that nonprofit organizations and owner-occupant buyers will have first dibs on foreclosed properties that get auctioned off through its Claims Without Conveyance of Title (CWCOT) program, specifically prioritizing these groups over investors.

For the first 30 days, a foreclosed property listed for sale can only be bid on by owner-occupant buyers, approved nonprofits, and government entities, the FHA announced last week. The administration added that these buyers would also enjoy an additional 60 days for conveyance from the date that the sales contract is ratified.

The FHA noted last Thursday that these changes — first announced by the Biden-Harris administration last year — will increase the supply of single-family homes available to families. Typically, FHA-insured foreclosed properties are snatched up by large investors and turned into rental properties.
StopTheOP  (OP)

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06/06/2022 08:36 PM
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Re: ALOT of people are about to be on the streets very soon [UNCLE INTEL]
I heard the house next door to me is going up for sale in 2 weeks. I will have to keep an eye out for nefarious buyers.
 Quoting: tiger1


It will be "______ finance group" or "_____United" something like this.

Always 1degree of seperation as to seem seperate but its all 3rd party affiliates of the same people.
Anonymous Coward
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06/06/2022 08:37 PM
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Re: ALOT of people are about to be on the streets very soon [UNCLE INTEL]
do not worry the police will protect you from these very bad people
MrBlonde

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06/06/2022 08:38 PM

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Re: ALOT of people are about to be on the streets very soon [UNCLE INTEL]
I think a lot already have. In the last 2 weeks I’ve seen 4 different panhandlers off my exit out in the sticks. In a decade I’ve never seen any until now.
Anonymous Coward
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06/06/2022 08:38 PM
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Re: ALOT of people are about to be on the streets very soon [UNCLE INTEL]
It's almost like someone has said, er, 'you will own nothing'.
Keilani

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06/06/2022 08:40 PM

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Re: ALOT of people are about to be on the streets very soon [UNCLE INTEL]
Hmmm. This would counter what you posted OP.

[link to www.housingwire.com (secure)]

The Federal Housing Administration said that nonprofit organizations and owner-occupant buyers will have first dibs on foreclosed properties that get auctioned off through its Claims Without Conveyance of Title (CWCOT) program, specifically prioritizing these groups over investors.

For the first 30 days, a foreclosed property listed for sale can only be bid on by owner-occupant buyers, approved nonprofits, and government entities, the FHA announced last week. The administration added that these buyers would also enjoy an additional 60 days for conveyance from the date that the sales contract is ratified.

The FHA noted last Thursday that these changes — first announced by the Biden-Harris administration last year — will increase the supply of single-family homes available to families. Typically, FHA-insured foreclosed properties are snatched up by large investors and turned into rental properties.
 Quoting: Anonymous Coward 83396731


Hmm... maybe they're trying to rope all these poor people into over priced houses, debt up to their ears, because Blackrock and Vanguard bid up the pricing....
Grove Street (Redux 3.0)

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06/06/2022 08:40 PM
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Re: ALOT of people are about to be on the streets very soon [UNCLE INTEL]
most of the homeless will be rounded up in the next two years and ground into meat and the middle class will eat them in taco bell, olive garden, arby's etc.

this is a no -brainer..

doublederp

and they will scream for more supporting the new world order and sucking off WEF /NWO klaus schwab

Last Edited by Grove Street (Redux 3.0) on 06/06/2022 08:41 PM
And this is why we can't have nice things.
Anonymous Coward
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06/06/2022 08:41 PM
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Re: ALOT of people are about to be on the streets very soon [UNCLE INTEL]
lets just say I have an Uncle that is an appraiser who just did the first appraisal for the new string of federal foreclosures since CØVID. The scamdemic not only forced people to stay home but legislation was created to keep landlords from evicting; they were given the option to push back payments at an immensely inflated intrest rate so most of the landlords stuck it out in hopes things would change; thus causing a MASSIVE AMOUNT of government issued forclosures.

This is where things get bad.

the federal institution in charge of ALL GOVERNMENT HOUSING LOANS ("HUD"Housing & Urban Development) changed the federal foreclosure laws (CWCOT on the HUD website) which in turn:

-Changed entire foreclosure the process from 6monthes to 45days.

-allows the mortgagee to sell foreclosed loans directly to institutional investors like BLACKROCK/VANGUARD without going on the market first.

the process wasnt supposed to start until next year but it has just begun. If the full loan transfer takes 45 days people will have much less time to vacate. In the 2008 market crash people were living in their houses for YEARS before they were evicted; all at different times. THIS PROCESS WILL BE MUCH FASTER. People will be on the streets all at the same time forced to rent from the same people who bought their loans but at twice the rent. This is the first time wallstreet investors are buying houses to rent out. They want us owning nothing.


 Quoting: StopTheOP




There are literally 15-20 cars at a local library parking lot every night. Things will be pure misery in a few months
Anonymous Coward
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06/06/2022 08:41 PM
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Re: ALOT of people are about to be on the streets very soon [UNCLE INTEL]
I wonder how they are going to get those with actual home ownership (paid in full) on the streets? That's when people are going to probably go full nuts.
 Quoting: Only Me


They are hitting us with so many things at once it won’t be much longer before things get really sporty, we are just 9 meals away from complete anarchy

I think the majority who have paid off their mortgages are also old enough that the vaccine will be their demise, directly or indirectly
 Quoting: Justsayno



Not all home owners are vaxxed.

FAIL.
Keilani

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06/06/2022 08:43 PM

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Re: ALOT of people are about to be on the streets very soon [UNCLE INTEL]
Hmmm. This would counter what you posted OP.

[link to www.housingwire.com (secure)]

The Federal Housing Administration said that nonprofit organizations and owner-occupant buyers will have first dibs on foreclosed properties that get auctioned off through its Claims Without Conveyance of Title (CWCOT) program, specifically prioritizing these groups over investors.

For the first 30 days, a foreclosed property listed for sale can only be bid on by owner-occupant buyers, approved nonprofits, and government entities, the FHA announced last week. The administration added that these buyers would also enjoy an additional 60 days for conveyance from the date that the sales contract is ratified.

The FHA noted last Thursday that these changes — first announced by the Biden-Harris administration last year — will increase the supply of single-family homes available to families. Typically, FHA-insured foreclosed properties are snatched up by large investors and turned into rental properties.
 Quoting: Anonymous Coward 83396731


Talk about fleecing the poor, did you read this from your article?

Potential buyers are not privy to information about the condition of these properties prior to purchase. The administration said that the properties are sold in an “as is” condition and may include defects, possible health or safety hazards, or debris, or be located in a flood hazard area.
Anonymous Coward
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06/06/2022 08:45 PM
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Re: ALOT of people are about to be on the streets very soon [UNCLE INTEL]
There are literally 15-20 cars at a local library parking lot every night. Things will be pure misery in a few months
 Quoting: Anonymous Coward 76316793


our local library downtown has been a BUM hangout for nearly 20 years

the homeless need to be taken care of -- and I do mean "taken care of "
Anonymous Coward
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06/06/2022 08:46 PM
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Re: ALOT of people are about to be on the streets very soon [UNCLE INTEL]
let’s just say , i think you’re full of shit.
Anonymous Coward
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06/06/2022 08:50 PM
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Re: ALOT of people are about to be on the streets very soon [UNCLE INTEL]
Good.





GLP