If you thought the subprime mess was bad, wait until you see what’s coming!
The subprime wave was just a ripple compared to the wave of defaults that are just around the corner.
Are you positioned correctly to take advantage of this? If you have the ability to do loan modifications and short sales, you’re positioned to help a lot of people and make a lot of money in the process.
Wow, huh!
Talk to you soon.
Marty Schulting
TFT/ALM Co-Founder
{ 7 comments… read them below or add one }
Thanks for sharing. This is serious stuff. A must watch!
Yea, I watch this a couple weeks ago. Frightening!
It’s all about to hit the fan.
Very interesting!.
That was extremely informative and helps validate why I am doing this loan mod business….to help save homeowners from losing their homes. Thanks for sharing.
Most people I talk to have no idea that another elephant is getting ready to enter the room. This one bigger and angrier than the last. I, having seen the Credit Suisse report in 2007, I tried to stay well clear of the carnage but that proved impossible. No one was safe then and we are in danger now.
It’s a good thing we are being proactice and dealing with the mess head on. Go Army!
Here is the Credit Suisse report, see page 47 for the graph shown on the video.
billcara.com/CS%20Mar%2012%202007%20Mortgage%20and%20Housing.pdf
I agree Doug. Unfortunately, the powers that be are doing a great job of hiding the inevitable. That is probably ok, because otherwise there may very well be a mass amount of hysteria!
I believe so!