Michael Olenick | Is Shadow Housing Inventory Vastly Larger Than Widely Believed?

Michael Olenick: Is Shadow Housing Inventory Vastly Larger Than Widely Believed?

By Michael Olenick, founder and CEO of Legalprise, and creator of FindtheFraud, a crowd sourced foreclosure document review system (still in alpha). You can follow him on Twitter at @michael_olenick

The turn of the year is the time to make predictions and projections. I’m optimistic that the tide will finally turn for the American middle-class, suffering silently in a one-sided economic war. I don’t think this will be because of altruism, or even justice, but rather simple pragmatism. Specifically, I believe that parasitic financial institutions have pushed the boundaries so far that they’ve put their host, the middle-class itself, at risk. One new bit of information suggests the housing front is in more perilous shape than most pundits believe.

One challenge when performing any type of analysis is that information is scattered in many different places, and even when disseminated by the government its accuracy is oftentimes questionable. We’ve already seen existing home sales for recent years revised downward from their already dismal position, with barely a yawn from the public and no accountability whatsoever from government regulators who used that information when more reliable sources existed.

I don’t understand why accurate housing data, which is supposed to be open to the public, is so hard to come by. The housing crisis arguably rises to the level of a national emergency, one we can see and fee every day as it ripples through the economy. Despite that, government-owned Fannie Mae still keeps loan-level data away from the public, it’s extremely difficult to get data from Freddie Mac, and MERS’ database remains a black hole.

There is one piece of data only recently released — and, as far as I can tell, has gone unnoticed — that, if true, suggests the housing market is in such dire straits we’ve finally reached a critical mass where only radical out-of-the-box solutions will work. If this information, which comes of a highly suspect albeit well connected insider, is accurate, then extend and pretend has finally reached its natural end.

Check out the rest here…

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4closureFraud.org

Comments
20 Responses to “Michael Olenick | Is Shadow Housing Inventory Vastly Larger Than Widely Believed?”
  1. J. Alonzo says:

    Ron paul revolution 2012

  2. qwester says:

    Socialist crap.

  3. To Tell The Truth says:

    I recently unearthed information that there are some homes that were foreclosed on in Miami that has the owner of record as Fannie May but when Fannie Mae was contacted for more information, the denied the property was on their books and upon insisted on talking to a supervisor since the issue was considered serious for this Floridian a level 2 personal returned the call and claimed that the property was transferred back to citi mortgage in March and no longer on their books. The person said the caller was to contact the tax appraisal office to correct it, the caller said it was Fannie Me responsibility to make sure their books were kept in proper order and that they should insure their names do not appear on tax roles for properties they dont own and to confuse the public. How many of these are out there? Am following up on this of course. The public records shows that it was Citimortgage that filed the foreclosure…go figure..how did Fannie Mae’s name get on the tax role….

  4. I trully believe the stituation is far larger than admitted. All to many of my clients and relatives and friends are loosing their homes and jobs and doubling up with more than one to two families in a house. Two of my daughters and one spouse and all their children live with me in my double car garage and throughout my house, and I am trying to save my home from these greedy theives. Modification defrauded, same story as millions of homeowners, the debt collectors used the mod program to make false claims I was in default and not to accept anymore payments after the five mod payments I made, claiming they had now unapproved me and my mod payments were now considered to be partial payments. They screwed my son that is trying to save his home, so my son is a victim of their crimes as well. My children have always known how to work hard and to make a good living. My sister is in the same trouble along with her husband and four children, massive people I know are in the same boat from all walks of life. This is not the crime of the borrowers, the income makers, and the income earners, the tax payers, and we have been crisified by the greedy and the criminals. I pray for every American screwed by this government and it is in the millions. We must keep working toward a non vilent goal to put all the criminals in jail and not to accept any less and to seek help for the victims :”US”. Who would have ever imagined this to happen? Greedy pirate bankers that is who?

    • lvent says:

      If we look back in History all financial crisis are manufactured by the ruling elite via their robber baron bank perps…An attorney told me a very many of his clients are very concerned they are one job loss away from all of us.

      • lvent says:

        This was another Hitler Plan…a manufactured crisis…THis was about world domination by the ruling elite who used their bank perps to carry out their evil NWO PLAN…

      • lvent says:

        They have hijacked the world with their massive $1.2 QUADRILLION IN DEBT…DEBT THAT CAN NEVER BE REPAID…THAT DEBT IS A R– USE TO STEAL ALL THE NATIONS OF THE WORLD AND MAKE US A WORLD OF DEBT SLAVES AND RENTERS!!! WHO OWN NOTHING OF VALUE…JUST THEIR DEBTS!!!

      • lvent says:

        There is NO FIX FOR THIS…THE PEOPLE MUST REVOLT!!!!!

      • lvent says:

        EVERYONE MUST STOP PAYING, COMPYING AND CONFORMING….FOX SAYS RICK SANTORUM IS LEADING IN THE POLLS….RICK SANTORUM IS A WAR MONGER..I WATCHED THE DEBATES…HE WANTS A WAR WITH IRAN…!

      • lvent says:

        All these candidates do is fear monger about Iran..except for Ron Paul.

  5. lvent says:

    Surely it is…they are using sneaky class warfare tactics to steal everything from the people under the radar of most!!!

    • lvent says:

      Too many people do not realize they are being bankrupted to pay for all of the fraud….!!!

      • lvent says:

        If the american people do not unite as one nation soon and take action…we will be completely destroyed by Wall Streets debt!!!

      • lvent says:

        America has been hijacked by the Fourth Reich!

      • lvent says:

        Watch History International’s program entitled the Rise of the Third Reich… the similarities are plain to see!

      • lvent says:

        Last I heard they want to ‘FIX’ their mess by instituting a global gold standard!! REJECT ALL OF THEIR FIXES..! RESTORE OUR CONSTITUTION!!!! THEY HAVE HIJACKED THE U.S. TREASURY AND THE POLITICIANS…THEY ARE HOLDING AMERICA AND THE WORLD HOSTAGE TO THEIR DEBT!!

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