How we will all win this time when the second foreclosure tidal wave hits

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Manage episode 264822768 series 2453550
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I have been right on every point since 2006. I correctly predicted the collapse and even the order of collapse of certain investment banks, the foreclosure tidal wave of 2008-11, the ways to beat foreclosures, I won foreclosure cases both as lead attorney and as consultant to other attorneys, and now I’m predicting a new tidal wave of foreclosures. Wall Street loves foreclosures but nobody else does. It’s all there on video, in print, on radio. I was right. * So tonight we are talking about how to prepare for the new wave of foreclosures. Even homeowners who think they are current on their payments might want to listen in to this because foreclosures depress property values, decrease tax revenue, and cause mayhem in housing, crime and hardship. * We can pretend that we are over Covid and that economic problems are behind us, but it just isn’t true. We have a huge new wave of corona cases coming on top of the existing one which is projected to cause at least 200,000 deaths by October 1. That will force shutdowns even though nobody wants it. The current ridiculous behavior of the stock market will turn very dark as we head into unknown territory — corporate earrings decreasing, some entire industries vanishing, and huge losses for new bored investors who decided to go into stock market investing as a replacement for their gambling habits. * So for those of you who prefer to be human and not pretend to be Ostriches with your head buried in the sand I suggest you listen up. You can’t have 40 million people file for unemployment and not have deep long lasting consequences — particularly as it relates to new foreclosure attempts by investment banks who have no right to do it.

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