WE NEED MORE FORECLOSURES | Foreclosure Inventory Stands at 2.2 Million, Foreclosure Starts Increased by 33 Percent

So, I ask all of you. What is the end game? This is just insane…

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LPS’ Mortgage Monitor Report Shows March Foreclosure Starts Increasing 33% as Inventories Reach New All-Time High

The March Mortgage Monitor report released by Lender Processing Services, Inc. (NYSE: LPS) shows that foreclosure activity picked up during the month. As of the end of March, foreclosure inventory stood at 2.2 million – an all-time high – while foreclosure starts increased by 33 percent since the end of February. Foreclosure sales increased significantly as well, suggesting that the halt in activity due to various moratoria may be passing.

Let’s get those “deadbeats” out so we can have MORE VACANT PROPERTIES that will rot and deteriorate…

Nobody is buying these homes…

There has to be a better way…

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4closureFraud.org

Comments
18 Responses to “WE NEED MORE FORECLOSURES | Foreclosure Inventory Stands at 2.2 Million, Foreclosure Starts Increased by 33 Percent”
  1. You will not like my answer.

    One way or another, until the REO inventory is cleared up, there will be no housing recovery. The Federal Government has refused to intervene and interfere with the market mechanism. We built too many homes for too few who could afford them. Undoubtedly, real estate value will continue to fall, and those who continue to pay their mortgages will get further hammered. Strategic foreclosures will increase. The electorate shows no inclination to subsidize mortgage payments for homeowners who cannot afford them. You may think that is unfair and inequitable. That does not change the fact that no one will step and financially rescue the American homeowner in default.The government is only going to do that for banks “too large to fail”. Forgive me for being the bearer of bad news.

  2. l vent says:

    Empty, stolen homes do no good to anyone. If the people are paying the hyper-inflated property taxes which are still assessed at the hyper-inflated home values and the hyper-inflated utitlty bills and are maintaining the home the BANKSTERS SHOULD WALK AWAY. They are just being greedy stealing peoples homes they never owned to collect the Credit Default Swap insurance from those criminal pigs at AIG. FRAUDCLOSURES are the continuation of THE GIANT PONZI SCHEME,GREAT STICK UP OF AMERICA. These are our homes, they are paid for FREE AND CLEAR because of their PONZI SCHEME.

    • l vent says:

      The U.S. Government should also DEMAND the AMERICAN PEOPLE be payed back that STOLEN TAX-PAYER FUNDED BAILOUT MONEY. Then the BANKSTERS WILL WALK AWAY, All these FOREIGN CROOKS, THE BANKSTERS/FANNIE/FREDDIE really want is the CREDIT DEFAULT SWAP INSURANCE MONEY THAT AIG STOLE FROM THE AMERICAN PEOPLE IN THE BAILOUT. AIG SHOULD not only have to pay back the STOLEN BAILOUT MONEY. THEY SHOULD ALSO HAVE TO PAY A GINORMOUS FINE FOR INSURING ALL OF THE MORTGAGE FRAUD. These criminals FANNIE/FREDDIE/THE BANKS ARE GETTING PAID 3-4 TIMES WHAT THESE HOMES ARE VALUED AT RIGHT NOW. THAT IS VILE, CRIMINAL AND THAT IS WRONG.

      • I vent…You and I and many others…know the government will not step in to help anyone outside of government and the financial industry. It would have been done long before now…they all know the scheme and the plans…and nothing will come forth from anyone in the form of any help. As you know they were told to follow the orders from the bastards from the multinational scums. Fear planted in the skulls as to what happened to JFK…and Princess Diana….and many others…who went against their commands. We all have wishful thinking, we all have ideas….but we are the victims and we have no one to turn to…except to hit the streets. There have been no protest, no massive crowds screaming for the government to come on the streets so we are face to face with them…we pay them a salary and benefits to protect the citizens of this country…not other countries…and they all have turned on us.. Yet…no one gets off their fannies and does anything about it…silence only makes it appear as we don’t care….writing on forums if fine but that does not have the same effect as hitting the streets in mobs…of course, I hate to see it have to go that far but it has now come into reality…If one would look at what is happening in the other countries…fighting for their rights.. That has not yet begun in this country…and time is running short….these foreclosures I now believe is a stall of time to pass……….WAKE UP AMERICA…..

  3. more and more lies says:

    insane yes keep cutting our kids school buget by 16 million but lets just continue these foreclosures and cintinue home actions at 75% property value. what makes me so upset is no one will stop them. freze our property taxes now stop taking from our children. they did not cause this. they are the victims. schools are looking at stopping buses.??? this is INSANE

    • l vent says:

      THEY SHOULD GO AFTER AIG NEXT, THAT WILL STOP THE FRAUDCLOSURES. ALL THESE CRIMINALS WANT IS THE CREDIT DEFAULT SWAP INSURANCE MONEY.THEY ARE GETTING 3-4 TIMES THE CURRENT HOME VALUE. THEY DON’T WANT THE HO– USE, THEY WANT THE BIG PAYDAY. TOO BAD, THEY DON’T OWN THESE HOMES. AIG INSURED ALL OF THE MORTGAGE FRAUD? THOSE PIGS!!!!!!!!!!

      • more and more lies says:

        i know!! we need some governmental support here. wells fargo is trying to break me. i know they want me out of my house. they are telling lies to the OCC, and the senator, the funny part is they beleive their own lies. they conrinue to have different depts working on my case at the same time. enough is enough give my family justice stop the lies once and for all.

      • I vent…We know they don’t own our homes….and as the man on the video said..AIG needs to be investigated….but what good does it do to investigate when the fox investigating works for the government? Look at all the investigating that has been done…and nothing has come of any of them. It’s all a front…it all means shit…..I would like to hear from anyone that an arrest happened from any investigation…Oh ya..they say there was fraud found…but thats it…they just say it. That alone proves NOTHING will be done….
        Did you see where the legislators, the scums in Florida…wrote a bill allowing bribery ( from the banksters) wrote it, voted on it and passed it. This bribery will go for campaign money…excuse me while I vomit. What goes in the pocket is theirs to keep…I guess. I am sure they used the words as campaign money as a front…and what the hell tells them they will be voted in again….LOL…I take it …all that voted for it were repuks…I have not seen the list of bastards yet but I will and soon..I am going to e-mail the Senator from my area and ask her what the hell is going on in Tallahassee….to pass a bill on bribery….that shows the corruption that Florida has gone to hell. . The banksters assoc. makes the Capitol their home base….they are running our state government…..and the courts…..and we have a governor who scamed medicare/medicaid with his ‘ fleet ‘ of medical clinics…. boy…are we batting zero or what..???

  4. TheHutMaster says:

    Insane is right on target.

    I learned over the past few months that this crisis goes FAR DEEPER than than most of us (including me) realize.

    And… to add insult to injury, the servicers and their SCUMBAG LAWYERS are on a mission to Intimidate the homeowner using physiological warfare.

    I was on the phone yesterday with RCS ( Stands for Residential Criminal Scumbags). After 1.2 hours on this silly call, I was hung up on. After calling back 3 times to get back to “Loss MIT” I get this asshole on that begins to give me an extreme hard time. “I can end this call at any time”, the asshole tells me. Well, I ended the call and escalated the matter and…. I had the last laugh.

    These servicers, and their scum lawyers, think by bullying and having the “3rd party property inspectors (AKA COCK ROACHES) leave their droppings at the homeowners front door, they will help themselves to my clients home. Fat chance banksters. We are in it for the FIGHT…. SHOW ME THE NOTE!

    “Fight The Good Fight”

    • l vent says:

      You tell those foreign crooks like it is. That is patriotism. This is our country. Maybe they do not realize, This is the United States Of America these FOREIGNERS are screwing with. There are strict property laws, criminal laws, and a U.S. CONSTITUTION and a U.S. BILL OF RIGHTS that protect WE THE PEOPLE from a FOREIGN TYRANNY. We are Americans and we will not cower to these criminals who want to intimidate us to steal our homes that they do not own or never did.

      • rictic says:

        Vent, remeber what Kissinger said in 1994 “[The New World Order] cannot happen without U.S. participation, as we are the most significant single component. Yes, there will be a New World Order, and it will force the United States to change it’s perceptions.”
        (I’d forgotten all about this until a friend of mine brought it up a couple of weeks ago). The Constitution is one of the most important documents EVER written and it is being thrown down down the toilet daily by the Elite and their puppets. The more the Constitution is eroded the more powerful the Elites become….

      • rictic says:

        and its all for our own protection…

      • rictic….The president does not even acknowledge the Constitution…he does not pledge to our flag…he goes to other countries and bad mouths America…. he is the spokesperson for the NWO….And yes…Kissinger did say that… he rates as a bastard right along with the whole bunch of them….the complete Bush family, Clintons, John Kerry, Al Gore, Bill Gates.and Obama…. ..just to name a few.
        Yes, the Constitution means alot to our country but the NWO said that will end soon. It will be no longer…..destroyed…..all rights will be taken away….This is what the past governments have done to us…. they have allowed foreign criminals to invade this country through the back door and allowed others right here in America to hold the door open so we could be invade from behind.

  5. fighting mad, mad as hell says:

    I got a better idea, why not open up all the vacant houses in a homesteading free for all, like back in the pioneer days. We have station wagons and minivans instead of covered wagons, but we can still do a repeat of the Oklahoma land rush with those just fine.
    Give a date, allow folks a chance to check out the homes, pick a one or a few and buy a ticket. First family to get their ticket scanned a home wins it! You know have a bunch of those price scanners hooked up at each house or something like that. Then the families have to get the house registered at their county or city office adn pay the first half of the years taxes to keep their new found home.
    Or reduce the time it takes to claim a home under the Adverse Possession laws. Let towns claim all vacant homes under the law of eminent domain, and sell them back to the people who need them.
    Ou
    Outlaw all new mortgages by banks until the banks can prove no fraud.
    Seize all property any bank claims as payment for lost taxes owed, only allow a state or county to conduct proper sales and use the money to fix their budgets.
    how can all the states and counties and cities cry broke when all they have to do is take over all the vacant or foreclosed homes and sell them at fair prices or for the back taxes and fines, and keep the money for the budget shortfalls?
    They are sitting on gold mines but are too dense to see that!
    They’d rather layoff firemen and teachers and bust unions than take what is rightfully theirs and make a profit of that. This includes all that commercial property going to waste by the billions.
    The local governments can always find new ways to exploit the people, new taxes, new rules, new fines and penalties, but nothing to compare to selling all that abandoned property just growing weeds and going to ruin.
    Think of the campaign ads screaming that this or that candidate solved his district or state or whatever a fortune by grabbing and selling vacant homes? All they’d have to watch out for are investors, bankers, and greedy property managers, block them out of the game completely.
    Do something, anything, but sit there and watch America destroyed from the inside by bankers of foreign nations, like DEUTSCHE Bank!

  6. jstick says:

    The 2.2 million foreclosed properties are only the tip of the iceberg. The Census Bureau reports that 11 percent of all U.S. residences are now empty, that’s an astounding 18.4 million homes, and projections show millions more in the foreclosure pipeline between now and Dec. 2012. This huge inventory of unsold properties will take years to unload while the tsunami of empty units steadily drives down the value of all homes, pushes more borrowers underwater, keeps homebuilders hamstrung, and qualified buyers waiting until values “hit bottom.”
    The only answer is to force lenders to modify upside-down mortgages back to current market values — allowing homeowners to remain in their homes making payments they can afford while rebuilding their equity. This will slow the overwhelming onslaught of foreclosures, reduce the flood of empty homes onto the market, keep neighborhoods from deteriorating any further, and offer some hope that real estate will one day recover. Without this approach the downward death spiral will continue and the nation will not see an economic turnaround in the foreseeable future.

    • pamelag says:

      the banksters make too much $$$ on each and every foreclosure. they are $$rewarded. brilliant ideas. God Bless America

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