thanks so much for watching. and remember -- you can't take it with you. s deal of ed rollins michael goodwin tony schaefer as his guest. good night from new york. from fox headquarters in new york city the new "wall street week". maria: welcome to "wall street week" to show that analyzes the week that was in positions you for the week ahead. i'm maria bartiromo. a special guest cleveland clinic ceo dr. toby cosgrove and we are talking about health care. first we are taking look a look at the market in setting you up for next week. here are the headlines impacting wall street today. markets pulling back just a bit from highs this week as investors digested mixed bag of earning results as well as retail and economic stories. discretionary factors weighing

on the market due to a selloff in big retail stocks like macy's and nordstrom's and the retail sales number that came out at the end of the week. major markets closing mix for the week. meanwhile other major headlines impacting your money president trump fired fbi director james comey this past week. that news dominating the latter part of the week. some investors are worried now that it could delay the administration's economic agenda like tax reform is president trump's new fbi director will need senate approval. former investment banker and centrists emanuel macron handed a defeat to marine le pen to win the french election. he's gone to ignite an economic revival. venezuela continues a massive downward spiral and now may be on the brink of an all-out civil war. rights broke out over the country with close to 40 people dead, seven good we did and 1800 in prison. a report this week that venezuelans have lost an average of 19 pounds over the last year.

it simply is not enough food for the people. a mixed bag of earnings results this past week. snap posted a net loss of $2.25 billion also bacon server investors with slower user growth of snapchat dropping 21% on that day on pre-disney posting strong earnings but even with the success from box office biggies like eating the beast the company missed on revenue the cousin of trouble at espn. that was clouding success after the fourth unit cut over the 100 on their employees and subscription is on the decline at espn. all of that sent stocks lower for the week and retail macy's one of the big stories on the downside. joining me a group of high-powered advisers try to just research partner and ceo -- where are we in terms of the rally that we saw after the election and putting money to work right now jason?

how would you characterize the market for the investor out there watching? >> it is quite strong. one of the things that has been missed about people who write about the markets is this isn't even solely or in part by the trump agenda which in my view is good because there's more room in the trump agenda gets passed. it's driven much more bike earnings and earnings for the first quarter look like they should be up somewhere between 14 or 15% even if you take energy out of that they would be up double digits in some ways that's the greatest story ever told. you have earnings recession in 2015 and 2016 and now the market is being driven by good old-fashioned fundamentals which i think is good. maria: an important point you bring up it's not just earnings its revenue. you want strong revenue because it doesn't have to cut the cost third revenue is a 6% in the first quarter. >> that's right and i do think if you look at the president's

economic agenda some of the can get through without congress and that will lift economic growth going into 2018 and if you get tax reform and good reference on the budget they could lift growth more so the revenue growth could be greater a year from now than it is today. maria: it's a good point. trump policy has everyone wondering what it's going to mean for markets in the economy but the fundamental backdrop as jason pointed out is pretty strong. >> it really is into his point this 6% revenue growth 14% earnings growth without a lot of gdp growth. formerly the toppling piece is going to have to be pushed from x. increase but certainly animal spirits are high. consumer confidence is very high but it does seem to be a catalyst for further growth. fortunately jason's point is the one i would hit home.

this has not been driven by anything the administration has done and not even as much as was hardly driven by energy. the recovery has not been dependent on energy. maria: you have to look for special situations in areas we can find the biggest opportunity. were you finding that? >> i think the energy sector is the most interesting one and does not participate in this rally. it's still a negative return since the election since 2017 began and has the potential benefit of the deregulation not requiring congress. all of this talk about oil prices coming down is a huge boost to the mainstream energy sector. volume has gone through the roof. there's more and more production the whole cabinet and team he has put together tamir behind us. maria: i want to ask some of these large industrial global

companies because we had news thursday if you look at the trump administration a significant trade deal with china when it will list exports and increase access to the gigantic chinese economy of 1.3 billion people for beef producers and natural gas exporters. the white house is working with china to clamp down on the north korean threat. i spoke about this with former secretary of state condoleezza rice and here's what she said. >> they are trying to change. china is the only country with any influence. i don't think complete influence but some influence with north korea. they have always been reluctant to do really tough things with the north koreans because they have worried about the collapse of the regime more than they have worried about a nuclear north korea. the administration is saying to them worry about a nuclear north korea because you can do something about the path that they are on --

maria: it does feel like the president has been able to move china in terms of its willingness to help on north korea as well as a deal and trade. let's your thought on an idea of trade? >> it was a very wise thing for him to do and ultimately this issue with increasing exports is the greatest way to make the trade story beneficial to both sides particularly the political benefit for president trump 80s is going to increase trade and have the economic effect but tell the story that the. deficit came down. to your point about natural gas that is the most amazing thing that we have not been talking about the ability to export natural gas. to go to asia got, there's a huge story they are. the fact that the administration is going in that direction. maria: everybody wants to sell oil and natural gas to china.

russia wants to be that country. jason how vital to the markets in the economy is the relationship with china because i feel like for years we have been saying american companies want to sell to the people in -- but the chinese won't allow it. >> i think it's important but frankly it's more important to china to be able to business with us than it is for us to do business with them because we have such a strong bass caught me. he only help the u.s. economy and the president, imf and i think he is recasting the relationship so it's much more on equal footing so there's going to be more opportunities for u.s. businesses to do business in china. most of the trade agreements were largely done on purpose at the u.s. disadvantage. it was largely to promote peace.

the thing is though 75 years ago especially given portion of the country that are hurting its time for americans to think more about its own workers in that regard. it's a big positive politically and economically. >> we were talking about the trade war and now we are talking about dual sided trade. it's remarkable. maria: thank you so much jason trenrt and david bahnsen. don't go anywhere. "wall street week" will be right back. dr. toby cosgrove is maria special

maria: welcome back. a fight over obamacare continues

as democrats rail against the g.o.p. plan to repeal and replace a lot. giant health insurer aetna announced this past week he will completely pull out of obamacare citing losses from participating plans. they said they would lose $200 million. joining us to discuss the future of health care in america is the ceo of cleveland clinic dr. toby cosgrove. i want to get your take on where growth is an health care and where the innovation stance today but first let me get your take on the health care battle. as a seasoned surgeon and somebody who has been close to health care celebrity think is necessary to have in the health care law and how do you see the back-and-forth between the right and the left on this? >> let me change the discussion just a little bit. what we are missing and part of this discussion is what the root cause of the problem is that the root cause of the problem is that everybody is trying to deal with but not really addressing it straight up is the increasing cost of health care. it's increasing for two reasons.

one, we have more older people in the continuously add more things to keep people well and return them to health. there are a lot of things we can do and the federal government can do legislatively and administratively that can make care more efficient and keep people well. the first thing is we have got to figure out how we have efficiency for looking after people who are sick. there are things like we need to bring hospitals together and systems instead of having them stand-alone and two-thirds of the hospital are part of the systems that we can have them all being independent purchasing by themselves, competing with each other. we need to have efficiency and we need help from the justice department and the federal trade commission to allow us to consolidate like every other industry has. we are under a tremendous burden about regulation. last year, for two years we have

had 43,000 pages of regulations. we report hundreds of quality mentors to the federal government and we are inspected all the time. we always have so many inspecting us in the hospital almost every single day of the year. it's a lot of things that the federal government could do. it could also, but we also have to figure out how we deal with the nation which is not taking care of itself. maria: what do you advise president trump on this. i know you are on part of his policy forum where he is looking do this. what is the most important with regards to health care? >> we have suggested to the administration that they need to do something to talk about try to get a bipartisan bill to look at all of those things we can do to set the nation on the right track for a long period of time. we are going to unlike every other nation deal with the

rising cost of health care but we need to put things in place right now they can begin to bend that curve. we had an example of how we could do that in our own facilities. maria: we will continue this conversation. you have read in a credible expansion of the cleveland clinic creating an $8 billion health system with ohio to abu dhabi and united arab emirates. don't go anywhere, toby. we will have much more to talk about when "wall street week" comes back. merging medicine and tech dr. dr. toby cosgrove is back with dr. toby cosgrove is back with data and more.

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maria: welcome back to "wall street week." we are talking with cleveland clinic ceo of toby cosgrove and i spoke with molecular biology pioneer dr. craig venter on "mornings with maria" and he said he is cheating death with a new test. watch. how do you cheat death? >> well for example with cancer we have a new technique through the mri that cancer lights up like a lightbulb. we have five people where we found high-grade prostate cancer where they had no symptoms in normal tsa. bre you think people will be living. >> i think much more will. maria: that was docked or venter along with kevin mccarthy the majority leader joining me on mornings i maria. that was so interesting what that their venter said their toby. i know you know him very well. tell me about this idea that you can go to his company ewing longevity, take a test.

you have one test for $25,000 the smaller test, fewer tests for $7000 or something like that and you can get ahead of the disease and he thinks you can live into your second century. >> i think we are going to see life expectancy extended in our understanding is it's going to be a big part of that. increasingly we are going to get ahead of being able to predict who has a certain proclivity for disease and begin to monitor specifically along those lines. i have seen the day when every child being born is going to have a sequence so we know more about what their history is as if they go for it. we are just learning more and more about this all the time and all kinds of ways. i'm very enthusiastic about beginning to use genomics is part of addiction and early detection and also it's going in to enter into how we treat things like cancer and sequence

the tumor and figure out the right drug to give. maria: i assume that's going to sponsor a whole new string of companies and innovations in terms of getting ahead of disease. i think ever since craig festered his colleague master genomes 20 years ago we have learned so much about what you said, what causes cancer. what causes heart disease and we are eating differently. we haven't seen enough around the dash and i want to get your take there. i was told by ken frazier if you live until 85 years old you have a one in three chance of getting alzheimer's disease. what knowledge do we have on alzheimer's and autism and issues related to the brain? >> i think the brain is a new frontier and they have been able to help us enormously understand what's going on. the two things that worry me

about society as you point out alzheimer's and all -- autism are the two ends of life which arcs dreamily expensive and emotionally very taxing and really don't have major breakthroughs in understanding the etiology or the care of either one of those. so these, now alzheimer's moved up to the seventh leading cause of death in the united states and the economics of this are really frightening. we are in the process of researching like many other people are and we are learning more and more about it but still no major breakthroughs that are going to reverse the problem. i think the best thing we can do is the same thing you do for your heart, exercise, keep weight under control, no smoking and reduce inflammation which is certainly part of the problem. maria: a good point. the question of course is how to get the cost of health care down

aside from getting in front of the disease and trying to be preventable and make sure you prevent the disease what else can he do in terms of lowering the cost? >> we thank you can begin to lower the cost as i said by bringing hospitals together into the system and just think for example you have to have everybody purchasing independently or could you purchase as a group and reduce the cost of things? that's one way to do it and there are other ways. ultimately we have to look after patients. now we are using what we call group visits where we put 10 or 12 people with the same problem and get instructions at one time. they like that because it's like group therapy and also it improves the efficiency of physicians. then there is virtual care. we think that you can do enormous numbers of things that you don't have to come to the hospital for. you can monitor home.

you can see people postoperatively. you will be able to see them on your cell phone. right now we have an app that you can see a clinic doctor on her cell phone anytime, anywhere it makes care more affordable and easier on people and clearly weekend predict people's problems and get them taken care of in an appropriate time. maria: toby is great to see you. sin thank you maria. maria: toby cosgrove joining us. we are looking for growth and we we are looking for growth and we found the wreck and health care.

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mariyah.-- maria. welcome back. things that could impact your money and economic front the nahb survey. housing starts and va mortgage

applications and a lot of housing is next week. initial claims worth watching next week. arizona companies reporting earnings to keep an eye on home depot walmart ali baba and row four in. cisco is a market mover so we want to watch walmart after we saw the retail last week. on the political front president trump meets with world leaders including the crown prince of abu dhabi and a person of turkey and on friday the president will begin his first trip. he will travel to israel saudi arabia. "fox business" will be with the present present on the trip reporting live. former fbi director james comey has been asked to appear in front of the senate intelligence committee and a closed hearing on tuesday. we will be watching for any information out of that as well. have a great weekend everybody. i will do it for "wall street week." we will see next week and next week we come to you from assault conference in las vegas. my favorite guest federal chairman ben bernanke. i will see you sunday morning

futures on the "fox news" channel at 10:00 a.m. eastern. join me for that. the hit show "property man" starts right now. ♪ >> i'm bob massi. for 35 years, i've been practicing law and living in las vegas, ground zero for the american real-estate crisis. but it wasn't just vegas that was hit hard. lives were destroyed from coast to coast as the economy tanked. now it's a different story. the american dream is back. and nowhere is that more clear than the grand canyon state of arizona. so we headed from the strip to the desert to show you how to explore the new landscape and live the american dream. i'm gonna help real people who are facing some major problems, explain the bold plans that are changing how americans live, and take you behind the gates of properties you have to see to believe. at the end of the show, i'll give you critical tips

you need to know in the massi memo because information is power. and the property man has got you covered. [ woman vocalizing ] thanks for joining us. i'm bob massi. i'm going to go and meet a woman named coleen who thought she was selling her home. but she said she actually got scammed into just giving it away. the property man's going to go in and talk to her and see what happened, how it happened and if we can help her. when coleen and her husband moved, their old house wasn't selling. >> we built this home in 2007. everything you see, my husband and i did. we did the patio. we did the iron gates. >> it was a beautiful home built just before the housing bubble burst. >> it was 4,000 square feet. we became empty nesters when my youngest moved out. it was just too big. >> did you try to sell it? >> almost 2 1/2 years. >> it sat on the market, slowly draining their pocketbook. they tried renting it out,

were still losing money month to month. they got lowball offers from about six investors. coleen says they checked all of them out as best as they could. they decided to go with an investor named peter ted malone, who, with his wife, mary, called themselves tema housing solutions. the card that i'm looking has this -- this guy's name on it, ted malone. and at the top, it says "stop foreclosure. save your credit and get your house sold in 7 days." did he show you this card? >> he gave us several of those cards. and they're on the bottom of his e-mail as well as his websites. they seemed very nice, very knowledgeable, had said they'd been doing this for a while. they had a few houses in scottsdale. >> okay. did you check out to see if the llc was legitimate with the secretary of state or anything like that? >> we did all that. but nothing came back on any of it, couldn't find anything with anybody saying that this was not legit. >> and your... at that time, your house payments were current. your hoa was current. your property tax was current. everything was exactly the way

it should be. >> yes. >> malone offered to buy the house for the amount owed on the mortgage, 395,000. >> this seemed to be the best option for us because they wanted a 1-year or close sooner. and the way he made it out to be was he had somebody that wanted to buy it right away. >> they said he agreed to take over the mortgage payments, hoa dues and property taxes. >> they reassured us, sitting at that table behind you, that they would pay the loan. on his contract, it said if he made any type of money, we wouldn't see that. but he would pay our loan off. and he said that he's been very successful at doing this with other homes in the area. and the night before we were supposed to go to the title company, he said, "you know what? since there's no money being exchanged at this time, we've been told by our lawyer all we have to do is do this quitclaim deed, sign these papers with a, um, notary." >> this deed is a way to transfer ownership of property. the owner or grantor quits their rights to claim ownership

and grants those rights to the other party, called the grantee. a quitclaim deed contains no warranties of title. it just says, "i'm giving up my interest in the property and transferring it to you." you sign all these documents and then you basically felt, "the deal's over. we're done. and things -- life is good. he's gonna start makin' the payments." then the bills started rolling in, bills she thought they were no longer responsible for. >> i was getting very strange e-mails from him saying, "oh, my wife's in, um, the hospital. the payments are gonna be made. we almost lost her, blah, blah, blah." and then my husband and i started digging. >> and what they found out wasn't very good. the address listed for tema housing solutions also happens to be home to 250 other businesses. and why? because it's actually the postalmax, a shipping and mailbox rental store located in a shopping center. their office, mailbox 171.

and ted and mary, well, they had been arrested in 2015 for multiple cases of fraud related to firearm sales. peter malone received a 4-year deferred sentence on the felony theft charge and 4 years' probation. mary received 4 years' probation for the misdemeanor theft charges. anybody home? well, this is the house that we were talking about earlier. looks like it's vacant. there's no furniture, lookin' through the window. >> this is my first time back. >> how does it make you feel? >> sick. >> in what way? >> i built this house. i -- i actually planted everything you see by hand. my husband and i spread the rocks out. so, yes, it makes me very ill. i knew i wasn't gonna get anything out of it. but at least i thought i wasn't gonna be ruining my credit by giving it this guy. i want my house back. and i want him to pay. and -- >> civilly.

>> yes. >> and, at this point in time, they still haven't been served with a lawsuit. >> no, they haven't because we were advised not to try to serve them because we really didn't know where he was. >> this is not in any way to make you feel worse than you already feel. but for our viewers, you never, ever give up title to your property when you have a loan that remains in your name. you never should give limited powers of attorney or any powers of attorney to people because, you know, you're basically saying, "you're my agent." now, what could you do? well, first of all, you have a competent lawyer who is filing a lawsuit. there's different ways to perfect services, we call that, even if you can't find 'em. they're not gonna respond. if they do respond, they're bigger idiots than we thought because now they have to go before the court under oath. and that makes no sense, which is only gonna open more criminal prosecution for them. matter of fact, that may be the best thing that happens. if they do get served, then they are stupid enough to get a lawyer to defend it and go under oath, where your competent lawyer will crush 'em. that would be

the best-case scenario. but chances are people like this, they run from the law. they run from the courtrooms. they run. they run from justice because they know they're gonna lose. so once that happens, you get the deed to the property back because a court ultimately, in reviewing your lawsuit, will say, you're entitled to it back because it was based on fraud. don't feel bad about this. this happens to the best of people that have been in real estate, with your knowledge, for years. what you do know, and you're kind enough to send this message out to viewers, you know, "don't let this happen to you, and because we all could be victims." >> right. >> and shame on these people. i'm going to dig a little deeper into the malones and see what i could do to help coleen get her house back. i'll update you on the situation on a later episode. up next, new life for a building with some serious history, 100 years in the making. [ woman vocalizing ] boy: this is the story of a boy

who was very sensitive to lights and sounds. so he built secret hiding places where nothing could get in. the boy didn't like looking people in the eye. it made him feel uncomfortable. one day, he found out he had something called autism. his family got him help. and slowly he learned how to live with it better. announcer: early intervention can make a lifetime of difference. learn the signs at autismspeaks.org. ♪

>> welcome back. i'm bob massi, the property man. every day, you probably drive past hundreds of buildings without ever really know the rich history that resides within those walls. now, here in phoenix, a 100-year-old building with an amazing story is getting a new life. it's a property that might seem oddly familiar to alfred hitchcock fans. it's called the barrister building, formerly known as the jefferson hotel. >> in the opening scene of "psycho," that hotel in the beginning is this building's claim to fame. so right before you get nice and scared, this is the building that you get to see. >> but the building's history started long before that with a young developer and traveling salesman. >> salim ackel was an immigrant from the middle east. he moved to arizona at 18 and started selling wares out of wagons down in the mining towns in southern arizona. >> this building was constructed in 1915 and operated

as a very high-end hotel for quite a long period of time. >> it became the tallest building in phoenix. and it stayed that way for five years. when this building opened, it was a huge event for the city. it was a very luxurious building. it got six pages in the arizona republic completely devoted to it. the interior was marble and mahogany. all of that is gone now. it also had rooms for traveling salesmen so they could set up temporary storefronts, which was common at the time. >> for decades, part of the vibrant phoenix downtown scene. but in the '50s and '60s, suburban sprawl took people away from the core of the city. >> downtown was transforming. the jefferson hotel degraded as people moved from staying in downtown. and that is likely why it was featured in the film "psycho." >> the shots in the movie make it feel like a cheap fleabag hotel. and people began avoiding the building. >> the beginning of that movie

is a terrific snapshot of what downtown phoenix looked like, when there's some buildings under construction. some of the older buildings are right before probably getting torn down. >> and being associated with "psycho"elp. >> when rumors get started, it does cause the building or the hotel to decline even faster. you know, now we use yelp. and we see what everybody thinks about the building. back then, it was word of mouth that this really wasn't someplace that you wanted to stay any longer. >> yet somehow, it survived. >> it was a hotel through the '70s. and then it was transformed into the barrister place office building. the interior was completely gutted. the storefront was modified. >> in 1990, the city purchased the building as an overflow space for its office. and they functioned in the space until 2010. >> the historical significance of this building really lies in the construction methods. >> historic preservationists and others fought diligently to keep this building here. >> so the building was saved.

but it sat empty until now. >> we took it out for an open process and have selected a developer who intends to build, in this building, 25 for-sale condos with ground-floor retail space. they will be protecting the facade of the building and the character of the building. so it will continue to look just like it does today. >> it's part of the trend we've seen across america, a move away from the suburbs and back to the urban core. >> when this building was first built, this was the center of the city. this was where everyone truly lived, right around this area. in the '70s, '80s and '90s, it really became known as the area only for courts and government. and anybody who worked in the central city, as soon as 5:00 hit, they were gone. that's all changing now. the central city now is becoming this vibrant, revitalized urban hub. >> but that just doesn't mean throwing up new buildings. it also means preserving history. >> we were creating a very homogenous, kind of vanilla downtown with

no depth, no fabric. and this building was part of what would keep that fabric alive. you're using these buildings to attract companies that want some unique "psycho" hotel that they can turn into a place where their workers feel connected to the building. and they're connected to the city that created that building. instead of having the haunted vibe be something that causes people to avoid, my guess is it will be what absolutely sells this building quickly. you'll be able to show your kids and your grandkids the opening scene from "psycho" and say, "that's where i live." ♪ >> still to come as "the property man" continues, i've got some updates to a few of the stories we've told you, including a zombie mortgage that wouldn't die and a man who got divorced but couldn't remove his ex-wife from the mortgage. i'll tell you what finally happened next. [ woman vocalizing ] these days families want to be connected 24/7.

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♪ >> welcome back. i'm bob massi. i wanna update you on a few of the stories that we brought to you a few months ago now that there is some resolution. we've talked in the past about homeowners' associations and what their powers are when homeowners don't pay their dues. hoas have legal rights and powers over properties. they can, in fact, initiate foreclosures over monthly dues, fees and assessments. back in florida, we met marshall, who's the neighborhood volunteer chairman of his hoa. he took me to a home that sat abandoned in the neighborhood after the homeowner skipped town. and the bank's foreclosures never seemed to get completed. it's what we've called, in the past, a zombie foreclosure. do you have any idea why they haven't foreclosed on this property? >> i have no idea. >> it's probably because they don't wanna pay the hoa dues. and they don't wanna pay the insurance. and they don't wanna pay the taxes.

>> that is probably correct. >> the home's exterior began to deteriorate. and it became an eyesore for the neighborhood. >> most of the screens ended up blowing out. and because this represented a safety risk, the health department from the county came in and secured the pool area itself. so there was a lot of things growin' in there, an enormous amount of algae. neighbors ended up complaining to me all the time that the pool looked bad, the screens looked bad and the roof had mold on it. driveway had mold and mildew on it. what to do? and i said, "we were told by the homeowners' association you can't do anything because the property isn't ours." >> the homeowners' association could have decided to foreclose. but they do that subject to the right of the first mortgagee and, in this case, the bank. but they then have to pay for repairs, taxes and insurance. >> if we remediate the home, uh, we're gonna end up spending probably the bulk of the homeowners' equity in the entire neighborhood. and, uh, it may end up leading to, uh, an assessment increase in the years to come. >> and guess what, guys.

the bank, at any time, could wake up from their zombie and decide to foreclose on the property. >> we'd fix up the house, make it beautiful, uh, get a tenant in there. and that would not, basically, stop the bank to come in and go, "hey. we want our house now." >> so what happened? well, i worked with marshall to evaluate his options and helped him decide how to move forward. we just got this e-mail from marshall filling us in on the latest.

while in florida, i also went to meet with dennis. he got divorced. and his ex-wife deeded their home to him even though her name was on the original note and mortgage. >> what she was lookin' for was to have her name removed from the note so that she could move on with her life. and i perfectly agree with that. >> now, remember, folks. when you get divorced, the language in the divorce decree does not bind the creditors. this is a problem that dennis soon learned. when his ex-wife moved away, dennis was approved for a loan modification based solely on his income and qualifications. the loan mod was processed without her having to sign anything. >> the whole thing was done solely and based on my salary alone. the modification was complete. and i was in the trial process for three months. unfortunately, on the third month, i got a letter saying that they were selling the loan to caliber home loans. >> lenders pass on their loans to servicers. those are the people that you make your monthly payments to. and then your money is sent on to the lender.

>> i got nothing from caliber until after the modification was complete. and then it was finished. the caliber wouldn't do anything, wouldn't even discuss an assumption. >> now in this case, the new servicer refused to remove the ex-spouse's name from the loan even though the lender only looked at dennis for the ability to pay. why? because they're both still responsible for the underlying loan in case of a default. >> this is the way i see it is that caliber is holding her hostage. there's no reason for her to be on the mortgage or on any note or anything like that. the whole modification was completely based on my salary. >> one of the misunderstandings, dennis, that happens is when people get divorced, there's certain language that -- that is put in divorce decrees or property settlement agreements that basically say, "you get this property. you get the car. you get this bank account." and transfers of title happen. for example, in this case, right, your wife deeded the property to you. many times, the thought process is, "i have no more responsibility

on the note." but in fact, she did. so here's what i was able to do. i contact the servicer. i explained to them that dennis was always the primary person that had the income to get approved. i explained to them that he wanted his ex-wife to be able to go out and get a new loan. after dealing with them and their lawyers, they finally released his ex-wife from the loan. and she now can go on with her life. and dennis is happy. here's two stories with good results. and they both have pretty much the same message. don't give up. up next on "the property man," the massi memo, what we learned from coleen, who was scammed into giving away her home. stick around. [ woman vocalizing ]

♪ >> welcome back. i'm bob massi, the property man. and it's time for the massi memo. you know, sometimes desperate people do desperate things. and earlier in the show, we talked to coleen, who thought that she sold her house, a legitimate sale, and found out she was the victim of a scam. let's look at what she did. she executed what's called a quitclaim deed. what does that mean? that means she transferred title to her home to a third party who, honestly, she didn't know much about. number two, she signed a limited power of attorney giving that same person the power to execute documents

on her behalf. so what's the significance of this? you should never, ever transfer your property to a third party that you don't know, number one. you don't do business with strangers. that's dangerous. and she found out because now she's a victim of it, because what she thought she sold, she now finds out that these people are part of a bigger scam that's been goin' for years in this country where people were desperate. they thought their house was gonna be foreclosed on. and they quitclaim and transfer their property to somebody, again, a victim of a scam. so when you're involved with any type of person that approaches you to transfer title to property, back away because if it sounds too good, it's most likely a scam. and if you have any papers to sign in reference to any real estate whatsoever in reference to your house, powers of attorney, please get sound, competent legal advice. that's the massi memo. that's what you have to remember.

there's more information on our website, foxnews.com/propertyman. we'll see you next week. [ woman vocalizing ] guys. my poolings. lou dobbs is coming up next. >> and good evening, everybody, i'm tom sullivan in for lou dobbs tonight and president trump today hitting back at the left wing national media, which has been printing all kinds of falsehoods about him since before he was elected. the latest is the new york times claiming that the president asked ousted fbi director james comey to pledge his loyalty to happen. something that mr. trump says is simply not true. and all the animosity likely to end with the media after the president warned comey against leaking to the press and floated the idea of, hey, how about cancin