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After the Show Show: Bob Massi

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  • Description

    Bob Massi hosts a housing seminar in Treasure Island Florida

  • Duration 5:53
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Hey everyone get -- -- after the show show it's Thursday is September 27.

And I think -- go down to Florida and then a Treasure Island Florida where different Bob -- Has been there all morning from six to 9 AM during our show -- there.

I am Gretchen.

It's been terrific -- had a lot of people here great questions were still fielding questions.

And really the interesting part is there's this cross.

From people who really been turnaround -- homage foreclosures lost their body.

Frustrations it's just amazing how devastating this has been for families in America.

So you've been doing this rebuilding your dream tour are you gonna go to other cities to our -- -- No -- we -- we intend probably I would imagine after the election like to go until Miami which has been also hit very heavily.

Probably go up Detroit's been hit.

Obviously we know Las Vegas in other cities but we hope to take this to other cities -- try to educate answer questions for people.

Have you been hearing similar.

Types of questions I mean to people have similar type of scenarios and if so describe to me what that is.

Yet.

It's they did that lenders don't talk to me right they don't get back to me they lose my paperwork they won't negotiate with me.

They want -- to spend all my money before leaving consider short -- loan modification.

I've got through all of my money my credits ruined I'm living in my house for two years.

Nobody's gotten back to mean what should I do I mean it's across the board.

And it's very consistent again.

Where -- The email us -- we get the things you and I discuss on the air.

That this this is a microcosm.

What we did today is a microcosm.

Of America and Florida beautiful state the beautiful -- where I am.

Really has been devastated by this and people are -- they are upset about it and they're tired.

Do you have any other questions from people don't -- That's of course -- -- the -- quick AJ.

The other questions -- marker please.

What is your name my name is rich Carol well for pirates were questioned it's observation of course plays my observations for should the first patient media.

That's attempted to go to the Genesis of this issue and I really appreciate that -- You pulled up a little bit short in 197475.

Who's Jimmy Carter with a CRA I mean -- Induced let's go -- -- money in 79 and eighty through 81.

One Solomon Brothers in New York invented the sub prime mortgage backed securities.

In 82 and 83 they invented the credit default swap.

Solomon Brothers was also the virtual -- of all US debt through the Federal Reserve.

On 9/11 it was the third building wolf church at a summit it fell at 521 in the afternoon.

And all the evidence of what I've just outlined to be claimed to be disappeared.

This man knows his business of what he's basically saying we talked about.

-- Gretchen how we got here and a lot of it was deregulation.

In the ninety's but as -- general pointed out if you look back.

To the seventies -- -- This is sort of big catching momentum and allow this type of thing to happen over time.

And now the home or in America.

Is paying the price for one of the things we talked about -- as some of the loans are.

-- -- -- years ago there about called liar loans they weren't real loans.

I mean there were loads of people borrow money on but ultimately Wall Street got involved sold loans -- -- -- loans when in fact.

They weren't and that's why we're devastated -- and -- please.

-- -- -- I have questions I have the -- that.

That foreclosed users pay it also have a billion dollars in the bank today.

-- gonna get the credit restore.

We're looking for more underwriting to go to rebuilding their dreams if you're available we could talk after the show and I just -- perhaps.

You're not -- Real quick -- this gentlemen.

-- bankruptcy ideas.

Now has a home has cars as a million dollars in the bank and can't get a credit card.

So what we basically told was -- was bank -- has a million dollars.

Tell me watch credit card it doesn't get -- haven't taken a -- taken in my out of the bank whoever credit card by 5 o'clock today.

-- -- All right guys aren't what we're quickly tying run more or -- had.

Real quickly it's built myself I have investment property that I've been hanging on to and I debated whether and -- File bankruptcy case.

But I thought I didn't want to lose my investment property and hang -- -- -- bottom ten years ago but my equities.

Eight they -- but I -- train hang on them bucket for the future.

One of the things I told our our audience today Gretchen is they need to get professional advice.

Even though they don't want to hear the word bankruptcy.

It's not that there necessarily eligible for bankruptcy but go to bankruptcy -- to find out if everything goes bad.

Can I qualify -- help me if everything else fell some times.

It's the last it's the last resort really.

All right Bob thanks so much for bringing this to our attention and for helping those folks out and all of our viewers as well have a safe trip back to Vegas we'll see on the air next week.

Thanks Christian take care if you want more information you can go to FOX & Friends that -- -- -- -- building.

Your -- Bob had some feedback there hopefully can hear me and -- go to rebuilding your chains.

Click icon if you -- you -- -- or learn more about some of these events and he's going to be -- Are looking at a great Thursday hoping -- you and we'll see again here tomorrow.

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