Mark Hansen | Foreclosures & REO RAISE House Prices, Economic Activity & Taxes (WTF?)

Foreclosures & REO RAISE House Prices, Economic Activity & Taxes. How did Everybody get Brainwashed to think otherwise?

The entire world is now brainwashed to think foreclosures are a bad thing for the housing market. Perhaps four years ago when a million loans all went into default & Foreclosure at the same time but not today. They want you to believe Foreclosures are a bad thing so they can continue to kick the can, which benefits politicians and banks.

Most misunderstood facts on foreclosures…

a) Foreclosures and distressed sales INCREASE neighborhood house values and create a positive economic benefit when investors buy low, rehab and resell higher. Moreover, rehabs create jobs and the resale makes for TWO existing home sales transactions, commissions etc in a short period of time. Lastly, they make for a substantial increase in property tax revenue on rehab and final resale.

b) Foreclosures and distresses sales BENEFIT the neighborhood and local area economy when they are sold to an owner-occupant who purchased in the open market and then rehabs, maintains and occupies.

You can check out c) through f) here…

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About Mark Hanson…

Mark Hanson, Managing Director — Mark@MHanson.com

Mark Hanson is a seasoned mortgage banking veteran that during his career specialized in wholesale and correspondent sales, operations management, and bringing financial institutions into new lending markets. His primary focus was on residential mortgages working closely with most mortgage and Wall Street investors.

Since 2006 he has worked as an independent real estate, finance, and related sectors analyst, consultant, strategist, and risk ‘enlightener’ to the financial services sector.

His years of real-life experience, extensive on-the-ground research, and absolutely unique leading looking proprietary data has led him to make an extraordinarily large number of early and accurate predictions about the ‘great mortgage and housing meltdown’ and company-specific events.

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4closureFraud.org

Comments
7 Responses to “Mark Hansen | Foreclosures & REO RAISE House Prices, Economic Activity & Taxes (WTF?)”
  1. Mark Hanson says:

    So to me it seems that all you guys think that perma can-kicking via new-vintage, higher leverage, worse than subprime loans (aka mortgage mods) and bulk REO to rental programs are positives for housing.

    Can-kicking got us where we are today. Nothing will clear this housing market on a national basis better than foreclosures, short sales, and DIL’s. Yes, over the near term it may be more painful but it will shorten this housing downturn from a Japan-like 17 years to make 12 if we are lucky.

    Mark

  2. jaclyn says:

    Reminds me of what a nightmare this has been for us homeowners who have restored, cared for and “rehabed” run down homes to live in and care for and now face losing them to “fraudclosure” what a frickin’ mess…

  3. Gordon Brooks says:

    Actually, his theory is just an extension of the notion that any spending is good for the economy, even if it is completely unproductive. Rehabbing houses that have fallen to ruin (which would not have without the banks), more transfer fees and real estate commissions. Sorry, there is more to a healthy economy than GDP.

  4. Beth A. says:

    Desperate independent (read: now unemployed) bankster butt buddy seeking attention in the hopes of getting a gig at a bank/mortgage co.

    Sad.

    If you get a chance – read the Zero Hedge story on the January retail sales report (tanked = I think to lowest level e-v-e-r) despite the bullcrap our government is reporting. Zero Hedge is offering $10,000 to an employee from the BLS, etc. to divulge how they come up with their contrary numbers which tell the public everything is peachy.

    Election year – Our marshall law president is going to do whatever he and his administration can to stay in power until he is fully seated as dictator. What a horrendous bunch of lie-spewing happening —

  5. Hell No, No More Blasted Bankster Bail-Outs says:

    I believe on some of the real estate reports, all those ‘CREDIT BIDS’ are being reflected as the house selling for MORE than or at the ‘asking value’ which is the amount they were demanding from the borrower through foreclosure. The added fees are on top of the mortgage balance allows the crooked system to work the data, showing prices INCREASING.

    I’m looking at a price listing of completed sales from a local Realtor and the list price is either lower than the purchase price or just at it. Time to ‘sell’ is zero days. RIGHT. Smells like a credit bid foreclosure to me.

    So, yeah, I can see how they can claim the REPOS are INCREASING house prices, using their crooked ‘credit bids’.

  6. Randy Tran says:

    Ah yes, look for the good within the bad. This sounds nearly as insane as saying Detroit and Camden NJ are epicenters of soaring house values and positive economic benefits. Of course, this is all propoganda to say that foreclosures, evictions, broken families, trash outs, divorce, economic ruin and suicides do in fact financially benefit the 1%. So, he does have a point to his sociopathic “extensive on the ground” bullsh#t.

    • Bobbi Swann says:

      His theory may work in a world where there are a few foreclosures here and there….but in this crisis of one in every four (at least here in Flori-duh) homes are in default and facing foreclosure, his theory goes out the window. As was mentioned in Detroit (boy, do I feel bad for those people) where there are really city blocks and blocks of blighted housing – that was not caused by a “few” foreclosures and probably 90% of them were illegal to begin with. I’ve been in the same business as this Mark Hanson for over 42 years – seen the worst of times and the best of times. There has never (and I say never because I was not around during the Great Depression) been in my lifetime of 60 years a more devastating drain of the wealth of this country! I’ve made a moderate income for myself over the years until 2006; never went down that “greedy” trail like some of those during the bubble years. In 2005 I was warning everybody in my office of a coming pitfall; warning against those phooey programs to the point that I was asked to move my office to my home as my attitude was tooooo pessimistic!! Imagine that…..well, now….although I have to admit that I never thought it would be the magnitude that it has become. Now, I’ve learned the real truth to it’s beginnings and earned the nickname “Political Junkie” in trying to open the eyes of others. Still in the same business (ah, but part time now) which I can say is more than those whom I worked with in the past. Just praying that soon God will intervene and open the eyes of the unbelievers. I still have my FAITH and still fighting the fight!

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