Foreclosures Draw Private Equity as U.S. Sells Stolen Homes

“the administration asked for proposals to sell the government’s inventory of foreclosed homes — about half of all houses seized from delinquent borrowers.”

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Foreclosures Draw Private Equity as U.S. Sells Homes

Private equity firms are jumping into distressed housing as the U.S. government plans to market 200,000 foreclosed homes as rentals to speed up the economic recovery.

GTIS Partners will spend $1 billion by 2016 acquiring single-family homes to manage as rentals, Thomas Shapiro, the fund’s founder said. That followed announcements this month that GI Partners, a Menlo Park private equity fund, expects to invest $1 billion, and Los Angeles-based Oaktree Capital Management LP will spend $450 million on similar housing.

“It’s a massive market,” Shapiro said in a telephone interview from New York. “We’re starting to see this as a billion dollar opportunity to buy rental housing.”

Creating more single-family rental properties is one of a series of programs introduced by President Barack Obama’s administration aimed at reviving the housing market. An S&P/Case-Shiller index (SPX) of property values in 20 cities has dropped 33 percent from its peak in July 2006 and 12 percent of homeowners with a mortgage are either delinquent or in foreclosure. Last week, the administration revised its Home Affordable Modification Program, offering government incentives for mortgage investors Fannie Mae and Freddie Mac (FMCC) when they forgive debt on homes that lost value as a way of preventing delinquent borrowers from losing their houses.

Rest here…

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4closureFraud.org

 

Comments
20 Responses to “Foreclosures Draw Private Equity as U.S. Sells Stolen Homes”
  1. myles says:

    What can stop this theft is the title insurance industry. In some areas, title companies are refusing to insure titles to foreclosure auction homes, due to the mess created by securitization and foreclosure fraud, sham assignments and substitutions.
    We need to get publicity out there that the title industry won’t insure stolen homes; thus destroying the demand for those homes and thus destroying the market prices for them. The bankster and “government” solution then will be to sell them to real people i.e. true homeowners, or to remand them back to the true homeowner.
    The alternative is massive deflaltionary pressure on prices in the economy and this time a real depression.

  2. Katheryn says:

    P.S. @ IVent

    Yes, I am cleaning my house today in between posting. LOL LOL

    • lvent says:

      I’m trying to Katheryn..I now find cleaning is a distraction… That is the opposite of how I used to think…and it is hard to concentrate on the stuff I used to find soo important…I think I should make my kids clean….LOL!

  3. lvent says:

    The media reporting Obama said….Jesus would want us to pay tax. There is proof in that statement of who he works for in that statement…he is just another bank owned minion, claiming to be doing Gods work.

    • lvent says:

      From unto whom much is given…much shall be required….is the passage that Obama quoted from the Bible. He was speaking at a prayer breakfast…the media is spinning it as Obama meant Jesus would want all us to pay tax…..blasphemers…..I don’t care what he meant…..IMO….they are all using the word of God to deceive….just like the Vatican does.

    • Katheryn says:

      Doing God’s Work. Remember with these people – up is down, in is out, black is white…God’s work….

      The Greatest Deceiver of All is Running this Horse and Pony Show

      • lvent says:

        So true Katheryn..God warned us this would happen.. the next thing that I believe we should all be worried about is their so called fixes for all of their massive fraud. They are deceiving millions with refis ….you cant refi insolvent debt….I spoke with a dear friend who lives in Indiana now. She told me that she just refied her mortgage and added all of her credit card debt to it….now she has a new 30 year mortgage….! She was told if she gets on a strict budget she can pay that debt off in 15 years..again…deception..! people don’t see they are very deceptively being set up to fail if they lose their jobs…..the entire country is in the midst of a well planned and very deceptive debt spiral because of what these crooks did…and their $1.2 quadrillion in derivitaves fraud…their financial nuclear debt bomb is being masterfully hidden from most… My friend who I have not spoken to in months…was shocked when I told her what is really going on. She said she wished she would have known this stuff. I believe the next thing we should all be paying serious attention to is their fix for what they claim is the failure of Capitalism…and the Vatican/Rothschild gold standard fix…that will turn the debt slaves into INDENTURED SERVANTS….SERVICING THE UNSUSTAINABLE DEBT OF THE PERPS OF THE MONEYED ELITE….FAILED CAPITALISM IS A BIG LIE….ANOTHER BLAME THE VICTIM TACTIC…..ABOLISH THE FED…THAT IS TGE REAL PROBLEM….THROW THE TRAITOR POLITICIANS OUT…OPEN STATE BANKS AND ISSSUE OUR OWN CURRENCY…U.S. BANK NOTES BACKED BY NATURAL RESOURCE REVENUES…RESTORE THE U.S. CONSTITUTION TO ITS ORIGINAL FORM…REMOVE AMERICA FROM THE U.N/NATO..TYRANNY!

      • Katheryn says:

        Ivent

        It is getting to the point of few choices; at least that’s the way I view it. What are our choices?

        1. Leave the Country
        2. Form our own Groups – IE: Amish
        3. Revolt

        It does not seem that enough people are pulling out of the sand to see what is really going on. All the political talk about investigations is just more bull Bull Shit (excuse the language) to try to calm down those that do know the truth.
        Anyone out there that disagrees or has better suggestions; I am all ears; sincerely.

        I am FED UP

      • lvent says:

        I like Eliot Spitzer for a third party candidate..he really gets it. I agree with Max Keiser..if the social contract is broken …the people must revolt. People are waking up and arming themselves in more ways than one….Did you hear Occupies plans for the G-8 summit here in Chicago this spring…? They plan to flood the streets with protestors and shut the City down..The torches and pitchforked are coming..IT IS ALL UP TO WE THE PEOPLE to reject their fixes for the massive unsustainabke debt fraud of the moneyed elite by fighting back…fighting fraudclosure…and refis of their insolvent debt….stop paying…complying and conforming to their evil plan…A glimmer of hope on CNBC a couple of weeks ago…..40 million people are 60 days behind on the mortgage…AKA the forced debt imposition….I hope it is because they get it……this massive debt fraud is insolvent…and can never be repaid….Have you watched the Bloomberg video interview with Chris Whalen? Foreclosure is a Cancer…it is very informative….Reject their evil fixes…and unify….get the ruth to as many people as we can….This is another moneyed elite Hitler Plan…stop using their microchip…

      • lvent says:

        Oops. I meant get the TRUTH to everyone we can!

  4. MARGETTA LANGLOIS PRO.SE says:

    SUIESS CREDIT IS D.L.J. MORTGAGE CAPITAL INC IN N.Y. ANOTHER ONE OF 6 FRAUD CO.’S CO.’S
    G.R.P. LOANS L.L.C., G.R.P. FINANCIAL SERVICES CORP. FREEMONT, KONDAUR, & SELECT PORTFOLIO ALL THE SAME THIEF W/ & NON-LEGAL ENTITIES IN FLA. IF YOU HAD G.R.P. LOANS L.L.C. FIRST. MANY DISGUISES. DON’T TRUST ANYONE SALIE MAE IS BEHIND G.R.P. FINANCIAL SERVICES CORP.

    • lvent says:

      All of the Banks are owned and controlled by the World Bank..which is owned and Controlled by the Vatican/Rothschilds. They are one massive ongoing criminal enterprise…! Deceivers of the world!

      • lvent says:

        A massive Wall Street/Bank debt cartel…they use other peoples money to create unsustainable debt, poverty, hunger and strife in order to steal everything from the people. All under a heavy cloak of lies and deception.

  5. Katheryn says:

    Research GTIS Partners – Golden Tree Asset and Golden Tree Insite is the formation of this company. A reporter should do some digging. Thomas Shapiro (Insite) Steven Shapiro (Asset) The corporation is the whois who of the Goldman, Credit Suisse and many of the other fine “white collar” organizations.

    A quote from Mr. Shapiro:

    Tom Shapiro is the President and Founder of GoldenTree InSite Partners. In addition, Mr. Shapiro is the Chief Investment Officer and oversees all investment activities and strategy of the firm. Prior to starting GoldenTree InSite Partners, Mr. Shapiro was a Senior Managing Director at Tishman Speyer where he sat on the firm’s Investment and Management Committees. While at Tishman Speyer, he worked in the acquisitions, leasing, asset management and development areas as well as ran GTS properties, an acquisitions joint venture with Goldman Sachs. Most recently, he was responsible for Tishman Speyer’s global equity capital markets and dispositions groups.
    “This is a very exciting time in the domestic real estate market,” said Tom Shapiro, President of GTIS Partners. “We now see an unprecedented opportunity to capitalize on the housing market dislocation and we are actively buying residential assets across the country at what we believe will prove to be extremely compelling prices. Richard’s deep real estate investment industry experience will be enormously beneficial to us and our investors as we pursue these timely opportunities.”

    I’m sure it is an exciting time. After they all robbed us blind and are stealing our homes, they will graciously and from the bottoms of their dear concerned hearts, rent them back to us. This whole thing, from my few minutes of research, stinks to high heaven. Even the Lord himself is holding his nose.

    Check out the partners of Golden Tree Assets: http://www.goldentree.com/index.cfm?sID=1464

  6. Ali says:

    I think that all the $$$ made in the dirivatives should go to the home owner also!!!!!!!!!!!

  7. Ali says:

    Oboy, these assholes will make greart landlords. What happens when the water heater breaks or the gutters need cleaned out or the house needs painting or the lawn needs cut. Who iin the hell is going to maintain the stolen property? Not a renter. Nor should they have to!

  8. gregory says:

    Now the government dosen’t want you to own only big corps can own housing. What a Crock of SHIT!!!!!!!

    • lvent says:

      The U.S. TAXPAYERS OWN THE HO– USES..THE BUSINESSES…AND THE DEBT CARTEL OWE THE AMERICAN PEOPLE HUNDREDS OF TRILLIONS IN ILL GOTTEN GAINS…THEY NEVER LENT US ANY MONEY…WE LENT OUR SIGNATURES…TO THEM AND THEY NOT ONLY MADE HUNDREDS OF TRILLIONS IN ILL GOTTEN GAINS SELLING INVESTORS INVESTMENTS IN NOTHING…THEY GAMBLED EXPONENTIONALLY ON THAT FRAUD……CNBC REPORTED OVER A YEAR AGO THAT WALL STREET MADE 60 TRILLION DOLLARS IN THE YEAR 1999…FROM DERIVATIVES…!

    • lvent says:

      These dirty bastards don’t own shit..they are thieves..! They never lent us any money…and either did the FEDERAL RESERVE…Who collects trillions every month in mortgage payments….Bloomberg reported that FACT…MONTHS AGO..AND THE DIRTY BASTARDS NEVER LENT US A DIME!!!! WHERE ARE THOSE TRILLIONS GOING EVERY MONTH..?? BERNANKE SAID THE FED IS USING THAT MONEY TO BUY TREASURIES WITH..! WTF??? WHERE IS THAT MONEY REALLY GOING??? RIGHT BACK IN THE CROOKS POCKETS WHO ROBBED US AND ARE CONYINUING TO ROB US BY INFLATION OF EVERYTHING WE CONSUME…BY DEVALUING OUR CURRENCY!! ABOLISH THE FED!!

  9. Katheryn says:

    Oh Wow ~ like this is some big surprise ~ just all part of the plan ~ money making on the backs of the people

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