***
Even as Washington and Wall Street swear on a stack of Bibles that that the worst is behind us …
The home foreclosures that triggered this economic disaster are absolutely exploding — up a staggering 24% in the first three months of 2009 alone.
Worse: Industry experts are warning that an even GREATER surge in mortgage defaults will slam U.S. lenders in the weeks ahead.
***
FAIR WARNING:
THIS MAY BE YOUR LAST CHANCE
TO GET YOUR MONEY TO SAFETY
BEFORE IT’S TOO LATE!
Just hours after yesterday’s historic Taxpayer Tea Parties gave millions of Americans a ray of hope …
And just as Washington and Wall Street happy talk was beginning to convince many investors that the worst just might be behind us …
It now looks as though the greatest wave of bailouts may be just ahead!
This morning, the Associated Press dropped a huge bombshell: The number of delinquent mortgages — home loans on the verge of default — skyrocketed a staggering 24% in January, February and March:
Nearly 804,000 homeowners received at least one delinquency notice in the first 90 days of 2009 — over 150,000 MORE than in the first quarter of 2008 …
And in March alone, more than 340,000 mortgages began going bad — up 17% in a single month and a mind-numbing 46% compared to March of 2008!
The implications of this startling news couldn’t be more clear: Despite everything Washington and Wall Street so desperately want you to believe, the end is nowhere in sight. To the contrary …
THIS CRISIS IS STILL ACCELERATING!
And now …
- With Washington’s loan modification programs a colossal flop — fewer than half reducing payments significantly … (Because so many consumers lack the knowledge to do it right themselves or need professional help, which is why I’ve put together the best mortgage modification information to guide you right here.)
- With lenders beginning to aggressively pursue foreclosures again after a temporary hiatus …
- And with ultra-low teaser rates on millions of Adjustable Rate Mortgages set to drive monthly payments through the roof between now and May 31 …
Even U.S. housing secretary Shaun Donovan is now warning that this explosion in home foreclosures will continue to accelerate for many months to come!
This is why I’ve warned you that in the next phase of this crisis, literally hundreds of banks and other lenders will be pushed to the brink — and OVER the brink — demanding hundreds of billions of dollars; perhaps even trillions in new bailouts.
This is why I’ve repeatedly warned you that the recent stock market rally was nothing more than a dead cat bounce — a bear market trap — and urged you to use it to dump stocks before it’s too late.
And this is why I’m doing everything in my power to make sure that yesterday’s Taxpayer Tea Parties are only the beginning of a massive, nationwide grassroots movement to end these disastrous bailouts!
* Excellent market information from Martin D. Weiss, Ph.D.
**
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(Do-It-Yourself info and secrets to selecting a professional to do it for you)
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Here To Be An Asset To You,
Jesse Niesen
DebtGoToGuy.com
