Looks like Jack don’t know jack…
I think this McCabe character needs a little education on fraudclosures…
Some of his notable quotes from the article below…
“The big flow is just getting started,” said Jack McCabe, a Deerfield Beach real estate consultant. “Banks are finally getting their paperwork in order and finding mortgage notes they lost.“
Finding the notes? Where do you think they been hidin, Jack?
“Banks are realizing they make a whole lot less from foreclosures,” McCabe said.
Boy, are you way off on that one…
“When you see a judge leaving a position he has held for years to go to work for a firm that focuses exclusively on foreclosures, it is an indication that foreclosures are going to pick up again and will last a long time,” McCabe said. “A judge wouldn’t do that unless he felt he was going to make a lot of money representing banks and servicers.”
Okay, I’ll give you that one…
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More foreclosed properties hitting the market
It’s no flood, but more foreclosures are flowing onto the market in Southwest Florida as banks get their acts together after 11 months of dealing with the robo-signing crisis.
For Realtors looking to make deals happen, the change is welcome. In Manatee County, there is only a 3.5-month supply of homes below $250,000 at the current sales pace and Realtors are thirsty for more supply.
A sharp increase in Manatee foreclosure actions boosted the regional pace by 9 percent during July despite a decline in both Sarasota and Charlotte counties, according to data released Wednesday by RealtyTrac Inc.
You can check out the rest here…
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in NYC, one of the biggest real estate firms sent out photo postcards of RENTALS instead of sales. this has never happened before. the postcard said that prospective buyers are now looking for rentals because they are waiting for mortgages to become available.
our country is screwed.
Fury, CNBC reported a few weeks ago that most of these fraudclosures were going to become rentals….I believe the reason is if people come back to claim their stolen property the crooks will have to give it back……It all comes down to MERS and toxic titles……People should move back in their stolen homes…We The People have to fight this Hitler Plan for the love of God…….
people of all ages are leaving NYC in droves. there are no jobs here.
when i look out at the skyline at night, there are way less lights on in the apartment buildings.
homes are not selling for simple reasons:
1. the market is glutted
2. people are broke
3. toxic titles – homes cannot be sold at any price
4. if you buy a foreclosed home, due to fraudclosure and broken title, you can be sued later on
IVENT, these homes on their postcards are expensive. i don’t believe this real estate company
deals in foreclosures , those are saved for the bottom feeders who are part of the f/c mills.
the foreclosing party doesn’t even own the loan and through fraud, intimidation and thuggery take over the property. it is then handed over to a f/c mill real estate agent.
WHERE IS THE VA LOAN GUARANTEE OFFICE (SOUTHEASTERN REGIONAL OFFICE IN ATLANTA) IN ALL THIS? WE HERE NOTHING ABOUT THEM. WHY? THIS MUST EFFECT THEM? CORRECT? THE ELEPHANT IN THE ROOM? OR? OR………….ANYONE HAVE ANY NEWS ON THE VA LOAN GUARANTEE? THE SOUTHEASTERN REGIONAL OFFICE IN ATLANTA SERVES FLORIDA. . the lack of anything regarding them is curious. ITS AS IF EVERYONE IN THE RACKET, OOPS, I MEAN BUSINESS, HAS BEEN BROUGHT UP FOR INVESTIGATION, OR OTHERWISE HAS BEEN PUBLICALLY SCRUTINIZED. YET THE VA LOAN GUARANTEE GET NO MENTION. JUST WONDERING OUT LOUD.. WHAT GIVES?, IMHO
People are buying homes in Manatee county, at 1980 prices. If you have a normal home, it can fetch $30-$60K. If you have waterfront (ex. Manatee River), you can expect $190K (vs. $500K at peak of market).
Anything more expensive is just collecting dust.
Like Rob said….real estate will be depressed for a long time to come as there’s hardly any demand except investors looking to buy a house cheap and rent it out.
How many of these Judases are covertly becoming property owners of these depressed properties? via reits. or some hidden method/vehicle
THERE IS APPARENTLY NO STATUTE OF LIMITATIONS ON RACKETERING. IT SEEMS THEIR IS RACKETEERING INVOLVED IN ALL OF THIOS, INCLUDING CONSPIRACY TO COVER UP. LAWYERS INVOLVED IN PROTECTING VICTEMS NEED TO TO BE BUILDING A CLASS ACTION RICO CASE/SUIT AGAINST ALL INVOLVED SUCH THAT THEY HAV E ALL THEIR DUCK IN A ROW WHEN THE TIME ARRIVES.
Judges leaving the bench to work for a frauclosure indicates the entire judiciary is rampant with many playing the role of Judas. Judas-judges, who in league with the bankers of the temple of finance, see their 39 pieces of silver as payback for kissing the home owner goodby.
We are in this mess now because judges refuse to abide and rule by law. Now they do not want to hold hearings on motions so they can do as they please in Hillsborough County. To me, this proves all our suspicions were true. The judiciary is bought and paid for. They are in cahoots with the banking industry. Why just last month a judge was seen eating with one of the area’s bank presidents. He was no doubt being stroked by an agent of the temple of finance. We will never know what went down. But I am told this judge went back to his chambers, put on his black pajamas, and went to sleep legally as lawyers stood before him asking for dismissals with prejudice and HE DENIED THEM ALL. Something went down at the cafe.
Well, we will just have to keep fighting.
By the way Michael and Lisa, look for a coming law suit to collect all the names and personal information of those who are members of your blogs. I can see it coming. They will want all your emails and all the information about all you both are doing. You may want to consider the shredder before they come, like the banks have done to the notes and mortgages.
Good point!
Sounds to me that the only Jack he knows is Jack Shitzz, and that isn’t much.
Looks like he’s only trying to make a name for himself….as a expert in Jack Shitzz….
Does not matter, Does McCabe realize that he can’t sell supply into zero demand. Like selling MULLETT to the fish market ….THERE IS ONLY SO MUCH DEMAND….and there is more demand for mullett…….then there is for home purchasing. With ridiculous qualifying rules from banks for very few loans….the Housing market is as dead as a doornail!