Real Estate and foreclosure thread
- Thread starter BackwardsEngineer
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Woman stunned as her own home is SOLD behind her back with 'signature trick'
A HOMEOWNER was a victim of a shocking identity theft that allowed the scammers squatting in her home to sell the house without her knowledge. D’Andrea Turner woke up one morning to find that…
www.the-sun.com
Tinley Park man says squatters moved into for-sale home without permission, refused to leave: 'They took over the house' | abc7chicago.com
A%20Tinley%20Park%20man%20says%20squatters%20moved%20into%20his%20for-sale%20home%20without%20permission%2C%20and%20refused%20to%20leave.%20%22They%20took%20over%20the%20house%2C%22%20he%20said.
Squatters Stole a House and Sold It
Mar 22, 2025Squatters broke into a house, forged documents, and sold it right out from under the owners—unbelievable, right?
In this video, I share the shocking story of how Keith and Deandra Turner nearly lost their home in Phoenix to fraudsters who sold it to a quick-sale real estate company. From breaking into the property to forging signatures, these scammers almost got away with it! Luckily, the Turners reclaimed their home, but this story highlights the importance of protecting yourself against title theft and scams.I also cover some practical tips, like using free county services to monitor title changes and setting up Google Alerts for your property. With over 5 million vacant homes in the U.S., scams like this are on the rise, and it's crucial to stay vigilant. Plus, stay tuned for more real estate insights, shocking stories, and tips to protect your property.
11:32
I have to wonder how much of this is true, and how much, if true, is due to corrupt government officials.
The system, as it is, is intended to prevent fraud. Title abstracts and escrow are intended to make sure no one makes off with payment, until it's satisfied that the seller owns the land.
Moreover, fraud negates all. Money stolen is gone - but when you're dealing with a million dollars, you aren't allowed to just carry it home. Banks can claw the money back, when there's criminal activity.
The system, as it is, is intended to prevent fraud. Title abstracts and escrow are intended to make sure no one makes off with payment, until it's satisfied that the seller owns the land.
Moreover, fraud negates all. Money stolen is gone - but when you're dealing with a million dollars, you aren't allowed to just carry it home. Banks can claw the money back, when there's criminal activity.
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DESPERATE Homebuyers Are Now WISHING FOR A HOUSING MARKET CRASH
Mar 22, 2025The Housing has become so unaffordable that many prospective homebuyers are now wishing for a housing market crash just so they can afford to buy. 36% want a crash and 29% of renters say a crash is the only way they will ever be able to buy a house.
21:36
Articles Mentioned in the Video
https://apple.news/ApbucTKc4SYyma94FZ...
https://apple.news/AxtdS94wUQu6oQjMh4...
https://apple.news/ANQXdMuRoROCqO-Lvc...
https://apple.news/A38DHUEVYTjiEeiRMy...
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This CRUCIAL Housing Market Indicator IS FLASHING RED
Mar 28, 2025The housing market is flashing a warning sign when you look at how high the FHA loan delinquencies are right now. In order to have a healthy economy, we need to have a healthy housing market and vice versa. And the lower end of the housing market is starting to scream trouble.
22:45
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Mortgage rates and demand seem stuck in a holding pattern, as markets await tariff news
- The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances, $806,500 or less, decreased to 6.70% from 6.71%.
- Applications for a mortgage to purchase a home rose 2% for the week and were 9% higher than the same week one year ago.
- Applications to refinance a home loan dropped 6% for the week and were 57% higher than the same week one year ago.
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Florida Sellers WATCHING BUYERS DISAPPEAR BEFORE THEIR EYES
Apr 10, 2025Housing inventory in Florida continues to explode past pre-pandemic levels at the same time depending home sales are falling off a cliff. These two events combined are what cause housing crashes to happen. And that's exactly what we're seeing right now in Florida is the beginning of a housing crash.
23:25
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They tried to sell their homes without a real estate agent. Here’s how it went
When Jill Langen decided to list her Clarkston, Michigan, home of 25 years for sale last month, she did it without the help of a real estate agent. Seven days later, she had an agreement signed with a buyer and her home was off the market.Langen’s decision to go it alone isn’t typical among America’s home sellers. Just 6% of home sales last year were for-sale-by-owner (FSBO), an all-time low, according to an annual report by the National Association of Realtors, the trade organization that represents over 1.5 million real estate professionals.
More:
https://www.msn.com/en-us/money/rea...S&cvid=81fcde8301d14c1f9d84b8c31a27039b&ei=20
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Property owners furious as home valuations soar in small Southern community
Property owners in Tennessee are questioning affordability now that home valuations are on the rise in Sullivan County.Residents are wondering if their property value has doubled or tripled in price after finding out land would be reassessed.
Sullivan County resident James Stewart is one of those worried homeowners, having discovered his property value has doubled.
More:
https://www.msn.com/en-us/money/rea...S&cvid=48d67b122f174632ae4eed3b16c40e76&ei=30
Viking
Yellow Jacket
Revisiting this.
A correction in market real-estate prices would be welcome - to understate it.
BUT. A lot of what we're seeing right now is, stressed sellers - unable to keep their properties when TAXES rise to $30k A YEAR.
That is just alien to all my understandings of the world. I've owned real-estate twice, in the early-late '00s. One property had a tax bill of $1800. (unglamorous inexpensive neighborhood on the edge of Buffalo, appraised price of the property, $55k). The other, a home valued at $175k (today worth about $300k, Zillow) had taxes of $4k.
You just can't DEAL with $30k A YEAR in taxes, coming out of the blue! There HAS TO BE PROTECTION for buyers of properties, to prevent abusive, confiscatory taxation - either to fund loony government expansion, or to drive out property owners for the benefit of corporate entities buying-up regions or neighborhoods.
Until that happens, buyers with limits on their resources - and that's most of us - will be staying out.
A local radio host had a going point on Property Taxes. They are some of the first Taxes on Unrealized Capital Gains... That is exactly what they are and why they are so bad and daunting for the public. Because you aren't just paying tax on a gain after you sell it (when you would have cash) you are paying Every Year as the supposed Value goes up.
Eww, I squash bugs. Never thought to scrap them back up.
I had to look this up and Lee Co only has 450,000 houses. So that would be 5% of ALL houses currently on the market.
That really doesn't sound so bad.
Florida, more than most states, is a region of transients. Relatively few are born in Florida, grow up there, and stay there as young and then not-young adults. It's, frankly, God's Waiting Room. People come there at 50, selling the business, or 65, retiring, and live out their days.
Figure that the average lifespan is now 80 years (a bit less, now, tied to some modern medical interventions) that's 15 years in Florida. And not all people will be able to live independently all those years. They may be moving into children's homes or assisted-living centers, and the house needs to be sold. Or they could have gone on to the next level, and the estate or tax collector is selling the property.
Now. Two million vacant homes in all Florida? I'd have to look up how much housing is in the state, but, while that seems shocking, it may not be. That would include homes recently completed; homes empty due to planned demolition, condemnation, or other massive change in status, for a variety of reasons.
Does it include seasonally-empty homes, like those of wealthy snowbirds? Does it include properties purchases as income streams, used for short-term or seasonal rentals?
Does it include Black Rock speculative buy-ups, many done before the situation turned into a crisis, and now, not rentable, because no rational person is going to pay $10k a month on rent?
How many of those empty homes are connected to estates in probate, or homes recently transferred, out of Probate, to owners who live elsewhere? Children of deceased who inherited the homes.
The figure needs to be put in perspective. This loud, low-IQ real-estate dood, seems more interested in spinning a Narrative than in informing. I don't care how many decades he has in the market.
He's been on this real estate market for some time now. Back when even some here were trying to tell us its fine. Never gonna happen. I would bet you plenty he is far from low IQ.
Maybe.
I didn't get that vibe.
He seemed more interested in self-promotion, than in exploring why it's a bad time, and why the conflicting signals from others.