Banks Are Taking Good People's Homes Because Of THIS! *New 2024 Warning*

  Рет қаралды 3,896

Brant Peacher

Brant Peacher

Ай бұрын

Banks Are Taking Good People's Homes Because Of THIS! New 2024 Warning
I get calls and emails every day from people just like you, looking for help on making their move to the Florida gulf coast. Give me a call, shoot me a text, or send me an email so I can help you make a smooth move to Florida.
Brant Peacher Florida Real Estate Agent | Agent License # SL3441599
Shoot me an email if you have any questions about the Florida Gulf Coast. brant@adoorrealestate.com
Send me a text 850-450-3878
Visit our website movingtothegulfcoast.com

Пікірлер: 58
@sizzyp3324
@sizzyp3324 Ай бұрын
Last rant: a friend of ours in St Pete got a letter from her insurance company saying “ hey we are not dropping you and your homeowners policy, however, everytime a hurricane hits the state of a Florida doesn’t matter if you are impacted or not there will be a loss assessment fee of $15k everytime hurricane “ or something like that. Mind you her premium jumped from $2000 to $5500 a year. If she did not agree to those terms, she would have 30 days to find another insurance company before she was dropped. Insane!
@Sheppard2030
@Sheppard2030 Ай бұрын
Govment spending is like living in a 70 year old, dilapidated 50k home while spending $10+ million dollars to renovate the wealthier neighborhood across town.
@SeniorGymBro-Tom
@SeniorGymBro-Tom Ай бұрын
Why couldn’t the couple who owed $40K after 23 years just sell their home before the bank took possession?
@shirleymcintyre1639
@shirleymcintyre1639 Ай бұрын
It would have to be reroofed first so they can sell it so they are stuck
@SeniorGymBro-Tom
@SeniorGymBro-Tom Ай бұрын
@@shirleymcintyre1639 okay, thanks for your reply. However, I would have tried to get a loan for the roof and get it done real quickly. New roof is a good selling point, but maybe they couldn’t qualify for a loan.
@SeniorGymBro-Tom
@SeniorGymBro-Tom Ай бұрын
@@shirleymcintyre1639Try to get a loan for the roof real quick. New roof is a good selling point. Obviously try to do what you can to avoid losing everything. Maybe they couldn’t qualify for a loan?
@danpan001
@danpan001 Ай бұрын
​@@shirleymcintyre1639no. You can sell even there is no house on the lot.
@rhettsfishing9727
@rhettsfishing9727 Ай бұрын
could the family have got a HELOC for the 40k plus repairs and get them Done before that month is up and kept the house?
@sizzyp3324
@sizzyp3324 Ай бұрын
As I said previously on one of your last videos, I’ve been following your big channel since I moved to SW FL ( Tampa ) 6 yrs ago. I love that channel, just finished watching the Trout catch and cook video you just dropped. This is a different side, a more vulnerable/transparent side of you. And I love it. The world needs more of it. As a licensed insurance agent for USAA, a fortune 100 company, I can definitely sympathize with the insurance industry catastrophe especially in Florida. Yet we haven’t left Florida, Louisiana, CALI, and all the other high risk states that multitudes of insurance companies have left or become insolvent altogether. We have stood strong in the midst of this storm. But that doesn’t mean that we haven’t felt the effects from it either. My wife and I both work there…. Making a 6 figure income combined and yet we are still renters because the American dream of becoming a homeowner here in FL just seems too complicated and very far away still. We moved here from small town southern New Jersey because it was ridiculously cheap…. Is being tied to our employer and our careers here, leaving FL seems unreal as well. Plus we love and adore Florida, it has changed us drastically for the better. I am praying for Florida, I am praying for this country.
@danpan001
@danpan001 Ай бұрын
What metro area do you live? Just save up some money. Florida and to a lesser degree Texas especially Austin will crash because of oversupply of housing (oddly enough those states with Communist style regulations like California probably will not see crash because few new construction) due to new construction. God Bless!
@beachbreath2504
@beachbreath2504 Ай бұрын
Amen ❤
@teecee2146
@teecee2146 Ай бұрын
Thanks Brant 👍🏽
@cindyonyoutube
@cindyonyoutube Ай бұрын
The insurance crisis in FL is one of our biggest concerns. If we want to buy a new build, is it possible to get a realistic estimate of what the insurance will cost if we just have a street address & the house isn't built yet?
@brianjoldersma9301
@brianjoldersma9301 Ай бұрын
Your best video in my opinion. Thanks for that
@weldoncummings3989
@weldoncummings3989 Ай бұрын
In the first place, the government doesn’t print all the money. It also borrowed most of the money, that’s why they have to pay interest on it.
@leanwoodworks
@leanwoodworks 23 күн бұрын
good points.. but if all they do is print money.. the debt is a lie as long as we believe it.
@CrowTRobot618
@CrowTRobot618 Ай бұрын
Thank you for covering this. I'm a local over in 32583 area. I knew about insurance cancellations because my parents went through the whole rigamarole, but I didn't know it was being used to take homes from people. Just terrible 😕 *May I ask if maybe you would cover the rental market in our area? In May, my rent upped from $900/mo to $1250+the mandatory renter's package and pet fee for a house sold for $130,500 to a property management co in 2023. I'll admit I'm a bit put out about it, but genuinely curious to learn more about how rentals work. 😊
@danpan001
@danpan001 Ай бұрын
$130k for a house? That is cheap. Why don't you become a homeowner and stop paying rent? My area a starter house with 1000 sqt would be more than $700k. I am in L.A.
@zackriden79
@zackriden79 Ай бұрын
what i dont understand is insurance is a if something bad happens you have it right they cover you but the cost of the risk is passed onto the consumer
@danpan001
@danpan001 Ай бұрын
That is how insurance companies made money
@jamiepirkle7021
@jamiepirkle7021 Ай бұрын
Great video. I remember having this conversation with my Dad way… back in the 80s when we were only in a little debt. He explained how the government would cause hyper inflation and pay the debt for Pennies on the dollar. Meanwhile I pay 10.00 for a salad from Chick-fil-a.
@danpan001
@danpan001 Ай бұрын
I am in L.A. I bought a burrito today it is more than $15.
@d.faulkner8210
@d.faulkner8210 Ай бұрын
My home has been paid for for 5 years now,I timed it so it would be paid off when I retired and the last couple of years the homeowners and auto insurance has gone through the roof,I was forced to get a new roof and do other repairs just to get insurance,it's getting to the point Florida is no longer affordable place to live.
@Ally-xf3rj
@Ally-xf3rj Ай бұрын
After IAN we got that letter and we sold our house within 2 weeks and moved out of Florida. We miss it daily, Unfortunately! At that time we weren’t able to bank any kind of cash.
@danpan001
@danpan001 Ай бұрын
What letter?
@danf6975
@danf6975 Ай бұрын
Are you walking northbound on A1A in Ormond? I took a picture six months ago for the cost at Popeyes in Wildwood, A 20 piece set for the family was $54.99 if you wanted tenders only it was $36.99 before tax. I still have that picture on my phone because it’s just ridiculous
@averageeverydayfishermansh4501
@averageeverydayfishermansh4501 Ай бұрын
He's on Pensacola Beach in this one. Ft Pickens Rd.
@chadm6981
@chadm6981 Ай бұрын
Navarre is getting a click fila finally. Rather pay them for better tasting food than the Wendy’s we have.
@bobsacamano3099
@bobsacamano3099 Ай бұрын
How difficult is is to get home and flood insurance on the gulf coast?
@MovingToTheGulfCoast
@MovingToTheGulfCoast Ай бұрын
There’s a lot of factors to consider. If it’s a newer home or updated home then it’s pretty easy. It’s just expensive. If it’s a house that needs a lot of work it’s difficult.
@steveabbott6979
@steveabbott6979 Ай бұрын
State Farm in Pace is currently bending me over on the premium for my Navarre home
@danpan001
@danpan001 Ай бұрын
Can you switch to Citizens?
@jawberger
@jawberger Ай бұрын
or they just keep jacking your insurance rates up... yearly premium has almost tripled in 7 years
@The_Phill_A_Blunt
@The_Phill_A_Blunt Ай бұрын
This is awful, my dad tells me cash is king and I should have money to fix anything but its easier said than done
@Handletaken4
@Handletaken4 Ай бұрын
Everyone wants to go to the circus but nobody wants to live there. Seriously, people in Japan build houses from bamboo and paper so when the earthquake hits, no big deal. Houses in Florida should be made from concrete, have no carpets, furniture should be plastic and cheap. Self-insure.
@kcbd50
@kcbd50 Ай бұрын
Is it considered having cash when you have it in a savings account with high APY? I have my money in something called wealthfront. I believe it is 5% APY. Have you heard of them before by any chance?
@whereismybinger
@whereismybinger Ай бұрын
Yes. They are not a bank but it's FDIC insured which is good, Forbright Bank (use to be Congressional Bank) is offering 5.30.% APY on $0 initial. 5.55% APY is being offered with a $25k deposit at Flagstar Bank. I do believe someone is offering a 5.50% with a $10 initial deposit but not sure if they are FDIC.
@candeffect
@candeffect Ай бұрын
After 23 years they don't have $40k saved? If they couldn't save money they should have sold the home, rent below their means, and save money. They should not have bought real estate without savings backup for the down years.
@oldfredbear
@oldfredbear Ай бұрын
It's almost like he's just made up this scenario.....
@mattbrown3801
@mattbrown3801 Ай бұрын
Trump 2024
@IneptSystem
@IneptSystem Ай бұрын
You do realize he added more to the national debt than the other guy has to this point right?
@mattbrown3801
@mattbrown3801 Ай бұрын
Stop it pull your head out of your ass and see the light
@oldfredbear
@oldfredbear Ай бұрын
​@@IneptSystemyes, but you just don't understand that Trump's debt is good debt. He's playing 4D chess..../s
@johnc6228
@johnc6228 Ай бұрын
The president has nothing to do with it no matter who became president. Private businesses raised prices. Not just the final retail business that sells the end product it is the trucking companies and wholesalers who needed to raise prices during and just after covid and will not lower them when things are back to normal.
@IneptSystem
@IneptSystem Ай бұрын
@@oldfredbear he couldn't play 1d chess, and no debt is good debt.
@mattjones1378
@mattjones1378 Ай бұрын
Will Trump 2024 help?
@IneptSystem
@IneptSystem Ай бұрын
why would it? him signing off on a bunch of printed money in 2020 helped get us here.
@dannybryant6960
@dannybryant6960 Ай бұрын
I believe prices would get down close to pre-Biden, especially energy prices.
@beachbreath2504
@beachbreath2504 Ай бұрын
Trump will at least bring back some sanity. The illegal immigration issue has decimated cities, the biological males deciding to identify as female to compete and win against girls who have worked hard all their life to compete in their sport is horrific-I cannot believe our current government supported that B.S.- we should vote on policies not the person (people die) (policies do not).
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