paul: remember, if you have your own hit or miss tweet it to us jer on fnc, this is it for this week's show, thanks to my panel and thank you for watching, i'm paul gigot hope to see you right here next >> i'm bob massi. for 32 years, i've been practicing law and living in las vegas. i help people with all sorts of real-estate problems, from trying to save their homes to closing major deals. eight years ago, 6,000 people a month moved here, looking for employment and affordable homes. little did anyone know that we would become ground zero for the american real-estate crisis. now, it's a different story. the american dream is back. we're gonna meet real people who faced the same problems as millions across america, and we'll dive deep into a city on the rebound because las vegas was a microcosm of america, and now vegas is back. [ woman vocalizing ]

thanks for joining us. i'm bob massi. civil war commander george custer is said to have uttered the famous words, "it's not how many times you get knocked down that counts. it's how many times you get back up." nowhere is that spirit more evident than in las vegas, and we found one spot where it looked like they might not get back up, but they did. ♪ so, here i am in reflection bay in henderson, nevada, a place that went from riches to rags and now back to riches, one of the greatest stories of redevelopment and resurgence in america. this entire area five years ago was ground zero of the real-estate crisis in america, and today it is an american success story. ♪ lake las vegas is a beautiful, 328-acre lake that was actually man-made. it was a massive project spanning decades, creating the

lake, the golf courses, hotels, and luxury communities in the middle of the vegas desert. but when the recession hit, the area was devastated. >> this was the kind of situation that's very rare -- to have a 300-acre lake and have all these residential areas around it, with the hotels and golf, but when the economy changed, people walked away, not just in las vegas, but at lake las vegas. >> the golf course dried up, and property values -- they just plummeted. >> you went from $500 a square foot to $120 a square foot for homes. it's hard to even realize how bad this looked five, six years ago. in 2008, the golf course was closing. there were weeds higher than our heads, and what started happening is people lost confidence. they lost confidence both in their mortgage and the development itself. >> hotels closed, homes were abandoned, and reflection bay -- they were forced to shut down. eventually, the course was purchased by paulson & co., along with 1,000 acres of lake las vegas land. give us an idea, visually, what

it was like before you guys took over. >> it was tough. you know, just in the bunkers right behind us, there were mesquite trees that were 15 feet tall. >> wow. >> the sand had become hard-packed dirt. the greens were gone. the vision was to bring lake las vegas to the glory that it had as a luxury destination but not just that -- do it as a primary place. we're proud that we're in henderson. >> absolutely. >> you know, as a town, schools, parks, families, shopping -- it's all here. the first thing we did was really fix the infrastructure that was here. we built the road -- galleria parkway. the second thing we did was we embraced this beach. we made our beach four times bigger here at reflection bay, and they say, "wow! it's even better than before!" and that's kind of what i think las vegas is -- we're better than before. we brought in 28,000 tons of sand, and it's intended to be a lifestyle, not just for the weddings, and that's a nice site for that, but for the paddleboarding, the kayaking, and then the duffy boats so that when you're here, one of your

family members might golf, but the rest of the folks can do something all day, and on a day like today, it'd be perfect to go out and paddleboard. so, water in the desert is not something that you would expect... >> right. >> ...so we embraced it in a way that says, "get people on the water." and i think in the past, the resort and the course focused on very high-end and not allowing people to use the lake. we think you should. jack nicklaus came back and worked with us, and you can see the love he had for the course. >> sure. of course. >> so, we completely rebuilt the greens, rebuilt all the bunkers, and then we also just made it a more playable course. ♪ >> and now when you look at it, it's just so dramatically changed. it's in great condition. i'm assuming, at least for those golfers out there watching this, this is pretty affordable. >> this is affordable. i mean, it's a top-5 public course. it's the only signature course that's public for jack nicklaus here in nevada. the process was to work with the city and the people that live here to remind them what a beautiful place it was, fix what was here, but mostly just say,

"hey, we're part of your community." people really have a special feeling about lake las vegas, so they always kind of thought we were gonna come back. they just didn't know when. >> the rebound has been dramatic. real-estate prices stabilized. the once-closed hotels reopened. and, most importantly, the people who once fled the area -- well, they've returned. >> once you're here, you feel it. for example, when we greened up the grass, the community called the falls, at that front entrance, over the last year, saw their home prices go up 31%. it's a "show me, don't tell me" kind of a strategy. we've been very low-key, but once, now it's time to show off, we are, and i think when you see it, you really like it. ♪ >> after a quick break, we'll meet a couple who thought they moved on with their lives only to be asked by the bank to move back into the house they had given up. [ woman vocalizing ] listen rig.

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♪ >> welcome back. i'm bob massi, the property man. i was contacted by a couple who moved out of their home after losing it to foreclosure, only to be asked by the bank to move back in two years later. let's go meet them right now. ♪ so, now we're gonna go meet dan and dottie. now, they live close to lake las vegas, and they basically have been fighting with the lender for over four years. and now they have a scheduled meditation to try to resolve this dispute. we're gonna give them some direction as to what they need to do to try to save their home, but, remember, it's been a 4-year battle, and i'm not sure what the final resolution is going to be. dottie, it's a pleasure. thank you for having us. my pleasure. my pleasure. dan and dottie moved into an area that they thought was gonna be their retirement home. dan is a realtor, and for a while, things were great. >> the market was booming. we were doing great. everything was fine -- until the real-estate crash.

and so we started using money that was savings -- okay? -- investments, nontouchable money to keep this place going. basically, the logic was, "okay, things are going down. our income is way down -- i mean, dramatically down -- but, you know, we have some pretty good savings. we can weather this." and so a year goes by -- another $100,000 or $200,000 gone. another year goes by, again and again. and so at some point in time, the money -- the nontouchable money -- was just gone. you have to say, "stop." and that's actually where dottie stepped in and said to me... >> "we have to stop." >> when did you stop actually making the payments? >> we stopped in '09. we knew that we had to stop making the payments before the bank would act. we were forced to do this -- ruin our credit -- before the bank would take some action. i wanted to work something out with the bank. so, i talked to anybody --

anybody and everybody. the issue was... they didn't have our file. they didn't understand our file. they couldn't find our file. you talk to tom today. you talk to mary the next day. and during the first few months, we'd get... several calls a week... sometimes several calls a day. >> and at night. >> at night -- all hours. >> they were abusive? >> abusive. >> very abusive. >> it was awful. >> it was awful. >> it seemed to be one-sided. give, give, give, give and never get anything back. and it just never ended. >> at some point, the actual foreclosure process began, and my understanding is you literally moved out of this house, where we're sitting right now. >> we rented a place. we committed to a 2-year lease, okay? we were paying $1,000 a month where we went to. and we moved out. auction date gets canceled -- 1, 2, and 3. i thought i understood the process. >> right. >> but i had no clue. >> after two years of renting

another home, they had squatters in the home that they left. they contacted the lender, and the lender said, "why not move back into your home?" that's exactly what they did. >> so we moved back. so, we incurred those costs, okay? now, this is january of 2013. >> okay. >> okay? and so start again -- talk to the banks. "when can we get this done? can we do a short sale?" blah, blah, blah -- on and on and on. >> any notices of foreclosure again during this period of time? >> nothing. >> nothing? well, then in '14, all of a sudden now, this gearing back up for potential foreclosure auction. >> in the fall. >> in the fall. >> that's right. >> now, at some point, you activated under the law what was called a mediation. >> i wanted to sit across the table form somebody and speak to them about our situation, person to person, face to face, which we had not talked to anybody in four years. so... we do the paperwork and we get a mediation date on february 4th. and then half an hour before close of business on

february 3rd, they call and say, "can we reschedule?" it really represents how we've been treated over the last four years. >> the mediation would end up getting rescheduled three times, but with another date looming, i told them exactly what to expect. do not bid against yourself. the process will be very simple. you'll be there with the mediator, most likely a representative from the bank, who will be a lawyer, and you'll be dialing up to somebody who has authority to make decisions from the lender. all you are to them is nothing more than a spreadsheet. >> i understand. >> and they have to decide specifically, do they want to hold on to this collateral and work a deal with the homeowner, or do they want to take it back? they may say to you, "you owe 'x' amount of dollars of the arrears. we're gonna do a forbearance on that and put them to the back of the loan and then strike up a new structured payment.

>> right. >> the second thing that's gonna happen is they could work out a deal and they could say, "we want 'x' amount of dollars down of good-faith money." >> okay. >> the other thing that could happen is you could go there next week and they could say to you, "oh. we need more documents now that we've had this discussion, and so..." >> really? >> of course. you have the right to say no. you have the right to say to the mediator, "enough. go ahead and start foreclosing on this property. let us know when the auction date is, and we're moving on with our life, guys, because we're tired of you controlling our emotions..." >> exactly. >> "...in our own home." because what happens is that the home that you loved, you resent, and the home didn't do anything to you. >> exactly. >> remember, next week's always about numbers. that's all it is. it's not about emotion. they don't care about you. trust me. say, "look, guys, just tell me, where do we stand here? we've reached a point in our life and want to move on." >> that's right. >> that's what you need to do,

okay? and let us know what happens, okay? and i think it'll work out. >> we appreciate so much your help. >> dan and dottie finally got their mediation. we'll tell you exactly what happened. plus, what options do you have to get out of your real-estate trouble? i'm going to tell you, up next. [ woman vocalizing ] hey guys. today we're here to talk about trucks. i love trucks. what the heck is that?! whoa! what truck brand comes from the family of the most dependable, longest-lasting full-size pickups on the road? i think it's the chevy. ford. is it ford? nope, it's not ford. i think it's ram. is it ram? not ram. that's a chevy! it's chevy! that's right. from the family of the most dependable, longest-lasting full-size pickups on the road. gorgeous.

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comcast business. beyond fast. ♪ >> welcome back. i'm bob massi, the property man. we've talked a lot about loan mods and short sales and bankruptcies -- how they can rescue you from a mortgage nightmare. but like everything else, they have to be done right. ♪ to understand how to navigate the real-estate landscape, you first have to understand recent history. >> we had the big boom. properties were selling left and

right. and, of course, we got a little too big for ourselves. the prices went up too much. we developed too much at one time. and, of course, with it being as easy as it was to obtain a mortgage, the market crumbled. >> overbuilt and oversold. >> absolutely. >> soon millions of people were having trouble paying back the money that they had borrowed. >> putting people in a position where they don't have any equity in their homes. they also may be in the position where they can't afford the home that they're in. >> everything happened so fast. i mean, the banks -- when people started to default on their mortgages, they were foreclosing left and right, and that really was what started the downfall of the real-estate market. >> it was a wave. just about every person that came in to my office had some sort of issue. every single person i really knew in our community had the issue -- doctors, lawyers, teachers, police officers. >> it was truly heartbreaking at times to sit across from someone who was in a situation where all they wanted was a piece of the american pie. they paid whatever they had to pay for the house because the prices were so overinflated at the time, and they worked so hard to try to keep their property, and it just got to the point where they just couldn't do it anymore.

>> but when push came to shove, they banks were just not interested in doing much about loan modifications. >> lenders are very quick to get you into a default situation, but then you may be stuck in limbo for six, nine months, maybe even a year while you're trying to work something out. >> i had some lenders tell the client point-blank, "if you're not in default, we're not gonna look at your file." >> the bank essentially gave you a choice of either staying current, which is not possible for many people, or destroying your credit by being 60, 90, 120 days past due. >> the hamp was the homes affordable modification program touted by the federal government. lots of money went towards that program, lots of press, and clients would go ahead and make the three trial payments, supply all the paperwork, go through, jumping through all the hoops possible, and then the bank would say, "well, we need some more time to really look at this."

>> the never-ending updating process. often, the banks would ask for financials or your last two pay stubs or your most recent tax returns. >> you are going through these call centers and getting a different representative every time you call in, and you're not getting anyone that has any knowledge about that particular file or about that client or borrower. >> and then if nothing happened internally within their department in 30 days' time, they were again asking for the same information, and you had to provide it again. >> if you are having a meaningful conversation with someone at the bank, many times, they didn't have the authority to make a decision. so, they would have to route it through their supervisor or through this department, and this department doesn't take incoming calls or e-mails or faxes, so you are "negotiating" with someone behind an iron curtain. >> anyone hoping for a loan modification needs to write a letter explaining exactly what

their hardship is. >> i've spent so much time and energy creating these beautiful hardship letters to really try to give a personal element to have the bank look at my client as a person and as a family, and i don't think they ever read it. >> i don't, either. they couldn't keep their home, so the alternative was stay there till you're foreclosed on or try to short sell. >> so, you have to actually list the property with a realtor and get an offer for a purchase, and then we approach the servicer or the lender to get approval. that's when you're handing over, once again, all of those financials. >> even if you do get approved, there are still potential problems. the mortgage debt relief act of 2007 allowed people to exclude from their taxes the forgiveness of debt if it was due to a decline in the home's value or the taxpayer's financial condition. >> and that's only for primary residences, money mortgages, or seconds that were used for improvements to the home. the income tax is forgiven. >> but that law expired

december 31, 2014, so if you're looking to do a short sale or a loan modification, well, be prepared for a big tax bill next year. >> so, if the bank is forgiving $200,000 of your mortgage, they would count that as income, meaning that your overall income for the year is not only what you were making but the debt that's forgiven, which is gonna kick you into a higher tax bracket and have tax liability for you. >> and just because a bank agrees to a short sale or loan modification, you are not necessarily off the hook for the money owed. make sure you read the fine print. >> a deficiency is basically the difference between what you owe and what the property sells for. that doesn't necessarily mean the debt's forgiven. >> what happens to that deficiency? >> every state has different rules, but here, the bank could sue for that difference. you could do the short sale, go through all the steps, jump through all the hoops, and if they didn't specifically state

in their short-sale-approval letter that this deficiency is waived, they could come after the short sale and sue you. >> and then a lot of people are still forced into bankruptcy. >> if there were no other options left, bankruptcy tended to be your hail mary to get you out of that debt. it wasn't a great situation or a resolution for everyone. >> there are a lot of people out there that still don't have the credit to be able to go out and purchase a home. >> folks that have gone through this, i think, are a little bit gunshy to jump back into a mortgage. >> when you lose your home, you just don't disappear. so now they're turning to the rental market, and they're getting past their delinquencies and they're gonna be in a position to be able to purchase again soon. >> i know all this information can be confusing. when we come back, i'm gonna break it down in the massi memo. [ woman vocalizing ] ♪ the lexus ls 500 & ls 500h. take advantage of great offers on the 2018 ls 500.

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♪ >> welcome back. i'm bob massi, the property man. time now for the massi memo. after not being able to get a loan modification, dan and dottie -- well, they moved out of their home, only to be asked by the bank two years later to move back in. three years after that, they finally mediated. so, what happened? they agreed to let the bank have the house back in exchange for the deficiency being waived. whatever they owed on the house, it's now waived. you can find info on our website about short sales and everything else that we've covered, but let's review some of the basics. a short sale means that you sell your home, with the lender's consent, for less than what you

owe on it. for many people who find their homes underwater, a short sale does offer a way out. but it's not always so simple. the lender requires a showing of what we call "hardship" -- for example, loss of income, medical emergency, death of an income-producing member of the family, and other things. now, you're gonna be asked to provide tax returns, w-2s, or profit/loss statements if you're in business for yourself. the waiver of the deficiency is crucial for the short sale. that means the lender agrees not to come after you for the amount you still owe after selling the home. always get an opinion from a tax professional before your short sale so that you know exactly where you stand. the lender may forgive the debt, but uncle sam, if it's not a primary residence -- well, they could come after you for income. as always, we've got all the latest info on our website for things we've covered today. go to... also, don't forget to send me

your questions or property stories at... i'm bob massi. thanks for watching. [ woman vocalizing ] >> i'm bob massi. for 34 years, i've been practicing law and living in las vegas, the center of the recent real-estate crisis. lives were destroyed from coast to coast as the economy tanked. now, well, it's a different story. the american dream is back, and nowhere is that more clear than the sunshine state of florida. so we headed from the strip to the beach to showyou how to live the american dream. i'm gonna meet real people who are facing serious problems, take you behind the gates of properties you have to see to believe, and give you the tips that everyone needs to navigate the new landscape, because information is power, and the property man has got you covered. [ woman vocalizing ]

thanks for joining us. i'm bob massi. a while back, i introduced you to david and jackie siegel, the billionaire couple building themselves the largest home in america. this project started 12 years ago, and construction is still going on. but now a personal tragedy has completely changed the focus of their lives and, of course, adjusted their priorities. in a few minutes, i'll take you inside the home, and we'll hear what their mission has become. but first, let's take a look at how they got there. david siegel -- well, he knows about construction. he built the time-share empire westgate resorts from scratch, starting with 16 villas in an orange grove outside of orlando and growing into the largest privately owned time-share company in the world. but in 2004, david and his wife, jackie, took on a completely different construction project, building a dream home that would end up being the largest in america. 12 years later, it is still

a work in progress. the 90,000-square-foot house was set to contain 13 bedrooms, 30 bathrooms, a bowling alley, indoor swimming pool -- guess what? -- a 20-car garage. the sprawling estate was about 60% completed when the economy crashed back in '08, almost taking all of westgate and all of siegel's fortunes with it. david and jackie were forced to stop all construction on versailles and eventually list a half-built mansion for sale with a price tag of $100 million. the entire ordeal became part of the documentary "the queen of versailles." but the economy improved, westgate resorts came back, and, again, the siegels bounced back, and in the end, the versailles estate -- it was never sold. construction -- it ramped up again. then last summer, tragedy struck. the siegels were faced with every parent's worst nightmare, the death of their child.

18-year-old victoria siegel had graduated from high school with dreams of opening her own sushi restaurant, but she also had developed an addiction to prescription drugs. >> i didn't even know she was on drugs. that's how scary it was. >> last june, while jackie and david were out of town, victoria died of an overdose at the mansion that the family was living in while versailles is still being completed. >> we flew back immediately, and before i even buried her, i decided that i was going to spend the rest of my life doing something about this horrific problem -- drug addiction in this country -- and i didn't know what i could do to make a difference. >> the death of someone changes your whole life. i mean, losing my daughter, all my priorities have changed. >> the house is on the back burner. although it's under construction, we will finish it,

it's not a top priority right now. >> i don't even really care about versailles anymore, you know? i mean, it needs to get done. i'm not gonna leave it in a shell, but... >> the siegels instantly changed the focus of their lives. they launched the victoria's voice foundation, a charity aimed at raising awareness and supporting youth and families affected by substance abuse. >> we can't bring her back, but what we can do is try to just bring awareness, let people know the dangers of the drug overdoses. every four minutes, there's a drug overdose. >> david siegel -- well, he poured himself into the issue and began researching teenage drug addiction. even with running westgate and overseeing all the construction of the mansion, david says his number-one priority now is to help teens struggling with drug addiction. >> it is being brushed under the carpet. 350 people a day.

that's like a jumbo jet liner with 350 passengers crashing at the airport, and it goes unreported. there is a product out there. it's called naloxone. if a person who's overdosing is caught before they die, and you give them naloxone, 5 minutes later, they'll be standing on their feet telling you what they took. it's like antivenin for a snakebite. so my first goal is to get drug testing. my second goal is to get naloxone in the hands of everybody in the country. it should be as common as aspirin. >> he also wants to bring together the thousands of small family foundations people often set up after a loved one dies from an overdose. >> you see in the paper "in lieu of flowers, make a donation to mary jane's foundation." they raise a little bit of money. they have no guidebook. they have no game plan. so what happens? it disappears.

there's a lot of things that they could do. they could go talk to school assemblies and get on the stage and say, "i don't want your parents to have to be up here talking to you like i am today." they can go to their politicians and get certain local laws passed. i'm coping because there'll be a day -- i don't know when it will be -- that i'll know that i saved enough lives where i can actually say, "it's lucky for these people that my daughter died because all these people are gonna be living as a result." her legacy is gonna be that millions of people are gonna get help and stay alive because she died. >> through her grief, jackie's determined to keep moving forward and looks towards the future. >> versailles needs to get done, but i want to get more involved with helping save lives, helping people with their drug addiction. >> she's not been back to versailles since victoria died, but agreed to return for

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♪ >>david and jackie siegels project to build themselves the largest home in america has survived some major setbacks. jackie has not been back to the site since her daughter died, but has vowed to get the project on track and agreed to show us around. ♪ >> walking down this area here, it reminds me of being in one of those magnificent cathedrals, for example, that you'll see in different parts of the world, particularly in europe. >> yeah. >> and tell us about this great room. >> it's so big that you can actually put a four-story building in here, but that's how tall our ceilings are. what we plan on doing is having some spectacular charity events here. that's why i wanted a great room, and especially now that we have our victoria's voice foundation, we'll probably have a huge kickoff party...

>> sure. >> ...in memory of her. >> let's talk about this beautiful rotunda up here with this stained glass. >> this glass, it's by an artist named bogenrief, him and his son. it took him a few years to piece it together, and it was over half a million dollars. >> what i want to do is do a mirror image of that window on the floor, and i want to use, like, real semiprecious gemstones. ♪ so, jackie, you know, when you look at the situation, people will say "why?" this is how many square feet? >> this home is 90,000 square feet, but we're probably gonna add like a guest house and a tennis club. >> 90,000 square feet, 30 bathrooms -- >> yeah, over 14 bedrooms. >> over 14 bedrooms, 9 kitchens -- and that includes a commercial kitchen. >> right. >> multiple dining areas. >> yes. >> bowling alleys and everything else -- what is the motivation behind this? >> we didn't plan on building the largest home in america, but by the time -- like, i

wanted a health spa, david wanted a movie theater, we added another movie theater, then he wanted bowling alleys, and then... >> it just sort of -- just morphed. >> in order to fit all that in. ♪ >> how much property does this sit on? >> this sits on 10 acres. i think it takes up a whole acre just for the house. if you go into a walmart -- you know how big walmart is. >> i do. >> it's the same square footage as a walmart. >> that's big. ♪ now we're entering the master-bedroom area. >> you have to take a tour just to get through the master bedroom. >> i'm picking up what you're putting down on that. i understand. we're having a living room in the master bedroom, along with a kitchen. >> right. >> you don't want to have to go downstairs. >> we won't have to go too far for a cup of hot milk in the middle of the night. this i think you would call the bedroom chamber. the bed is gonna be on a motor that you can turn the bed, push a button, and you could face the fireplace, watch tv, or it can shift around, and you can

have the beautiful view of the lake. >> it's full service. it's full service. [ both laugh ] >> by the way, every bedroom in this house has a jacuzzi, even our servants'. >> we are now walking into your closet. do you have, like, any idea at all how many square feet this area is alone that's part of your closet? >> well, i know it's larger than most people's homes. >> yes. >> probably 1,500 square feet at least, maybe 2,000? >> yeah, it's big. and i'm seeing something over there that looks like it's two doors with gold, and it looks like it opens, which means it's probably an elevator. >> oh, you're good. >> it's amazing. well, you know, i'm the property man. [ both laugh ] do you ever, like, pull in here one day and say, "why -- why do i need all this for?" >> you know, actually, the house isn't, like, as important to me anymore as it used to be. >> of course. >> you know, since we lost our

daughter... >> understood. >> ...we kind of put it like on the back burner, but the thing is, since we've already started it, it would be a shame to not finish it at all. >> of course. was there ever a point where you said like, "enough is enough here"? 'cause now you're telling me you're expanding your closet, and... >> it was kind of a long process. so it's not that shock, you know what i mean? >> it's shocking, jackie, no matter what. it's shocking, okay? >> funny. >> it's hard to believe you want to leave the house, okay? >> we'll never have to. >> no. i'm talking about just to come out here. >> oh, okay. >> but when you come out here, and you have this beautiful view. >> i think we have like 1,500 feet on the lake. >> and then this is gonna be the pool area here? >> one of our six pools. >> six pools? >> inside the house, we have an indoor swimming pool, and then i wanted to put an ice-skating rink down on the bottom of the house, but just dealing with the zamboni and all that just seemed -- >> oh, you don't want all that aggravation. you got six pools. what do you need all that aggravation? >> so i put a roller rink instead. >> oh, so you rent out the roller skates? are they free? >> i'll give them away for free.

>> i'm sure by the next time i talk to you, there's gonna be some other things you're gonna add on... >> yeah. >> ...and change. and david will never know until it's finished, right? >> or until he watches your show. >> that's exactly right. >> [ chuckles ] >> coming up next... you may have heard of safe rooms, but you probably think it's not something you need or a luxury item you can't afford. you'll be surprised to hear what we've learned. so stick around. [ woman vocalizing ] hey guys. today we're here to talk about trucks. i love trucks. what the heck is that?! whoa! what truck brand comes from the family of the most dependable, longest-lasting full-size pickups on the road? i think it's the chevy. ford. is it ford? nope, it's not ford. i think it's ram. is it ram? not ram. that's a chevy! it's chevy!

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>> welcome back. i'm bob massi, the property man. you know, the jodie foster movie "panic room" introduced many people to the concept of safe rooms. >> you have your own ventilation system and a bank of surveillance monitors that covers nearly every corner of the house. >> what's to keep someone from prying open the door? >> steel. very thick steel.

>> but safe rooms aren't just to protect you from movie villains. they can keep your family safe from any type of danger -- tornado, hurricanes, intruders. and they could be a lot less elaborate and more affordable than you think. carl ludecke and his daughter, kristin beall young, build custom homes at charlie johnson's builder in central florida, and they offer an optional safe room built into every house. >> there are a lot of reasons that people would build a safe room, whether it be tornados, hurricanes, fire. here in central florida, of course, we have seen the devastation that comes with tornados, with hurricanes, and so many people in this area know families that have been impacted, people that have been killed, that have been hurt. >> but once the rooms are built, you'd never know. >> normally, it's integrated into either a bathroom that doesn't have windows, an interior bathroom, or most of the time it's actually a closet. once it's completed, it's drywalled and painted,

et cetera, you would really never know that it was a safe room. >> and just like everything else in custom home building, they could be as simple or as elaborate as you want. >> there's a variety of doors that will come with these houses. it just depends on how much you want to spend. you could get a steel door in a frame where, when you turn the lock, it's just like a bank vault door. >> the nice thing is that a safe room can be used for a lot of different reasons, whether it be an intruder, a place to store valuables, a place to go during storms. >> here's the important thing. they got to be strong. >> people are killed because those trees fall on them in their homes. so this room is a place that could withstand that tree falling on the house. >> in fact, they could withstand a lot more than that. safe rooms are tested to ensure that they can stand up to pretty much anything you can imagine. these safe rooms were built with bullet-resistant panels made by armorcore, and as you

can see, they're virtually indestructible. [ gunshot ] the weather channel put one safe room to the test by blasting it with a jet engine. >> these rooms are engineered for 250-mile-per-hour winds. every cell of the concrete block is reinforced with rebar, and that rebar goes from a separate footer system all the way up the walls, across the top of the ceiling, and then back down, and it's all tied together. if the whole house collapsed around it, the trusses fell in, the walls fell in, it is an entity unto itself with a separate footer system, a separate ceiling. >> and stronger materials can make a huge difference. think a cinder-block house is secure enough? the insurance institute for business and home safety test structures made both with common materials and stronger, reinforced materials. >> they actually build houses in a facility in the carolinas,

and they wind-test them, and you can see them coming apart. we have a safe room that is integrated into the master closet, and it's accessible from the master bath. we've got poured cells that are reinforced with steel running in every cell all the way around the room. it can withstand a lot higher wind load than, let's say, the rest of the house. >> those plans are for a home with a safe room that they are currently building with cynthia and her family. >> a safe room would be like a safe haven for us, you know. just in case we have to evacuate, i won't have to go out. >> the safe room has just been poured. none of the interior walls are in yet, but it gives you a good idea of how it's structured and where it's placed inside the home. let's go take a look. the safe room has got a 12x12 opening in the ceiling there. you also notice all these downpours. each one of these cells has been filled with concrete. so that concrete runs all the way up, along with the steel -- all the way up and all the way over the top

of the ceiling here in the safe room. you can see we've got the cross vents that have been poured in place. we've got two 4-inch vents so that if their a.c. is, for any reason, knocked out during a storm, you do have the ability to breathe in the room. that's pretty important. and then, of course, you'll see that we've got the door here. this is a steel door that's been poured in place, and it's been built into the concrete safe room. inside this room, once it's completed, there'll be a landline, there'll potentially be an alarm system so you can see if someone is in the house, where they're moving around. you can also do that. it can also have a separate breaker so that you have the ability to run a generator outside. >> the rooms give peace of mind to residents like bernice, who had hers built into the bathroom. >> we have horrible hurricanes, tornados, and that one thing about it, i love that security. >> yet inside her house, you'd never know that the safe room

was there. >> the first little sign that it's a safe room is, of course, the width of this threshold. it's much thicker than your traditional 2x4 wall, and, of course, this steel door, which is much stronger than a traditional interior house door. >> the door has to open in, because if the whole house collapses around you, and if the door opens out, you're not gonna get out. >> so all the safe room doors open in. and we've also got a few features here like the telephone outlet and, of course, the fresh-air vents to make sure that there is airflow in and out of the room in case there is no power during a storm. >> some simple additions to a regular bathroom that could make all the difference when it counts. >> a safe room is something that isn't really expensive and can really give you peace of mind. >> there's more you need to know about staying safe in a disaster, and i'll run it all down for you next in the massi memo. [ woman vocalizing ] (roger) being a good father

is important to me so being diagnosed with advanced non-small cell lung cancer made me think of all the things that i wanted to teach my kids. (avo) another tru story with keytruda. (roger) my doctor said i could start on keytruda so i did. with each scan things just got better. (avo) in a clinical study, keytruda offered patients a longer life than chemotherapy. and it could be your first treatment. keytruda is for adults with non-small cell lung cancer that has spread... ...who test positive for pd-l1

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♪ ♪ our new, hot, fresh breakfast will get you the readiest. (buzzer sound) holiday inn express. be the readiest. >> welcome back. i'm bob massi, the property man, and it's time now for the massi memo. we just learned about safe rooms, but if this is something you're looking into, you must pay attention to some key points whether you have a safe room or not. there are some things you need to knowbeforean emergency strikes. if you purchase a safe room independent of your house, make sure you have a reputable manufacturer that meets all

the necessary fema requirements. find out if the builder is certified by the national storm shelter association. if you are building or renovating your property, visit disastersafety.org and check out the fortified home standards. very important. ask your builder to meet these engineering and building standards. they can really reduce the amount of damage inflicted on your home by natural disasters, and most are not too expensive. it's all about preparation and design. make sure you itemize your essential needs. no last-minute drills. this is about safety. depending upon how many adults are in the home, make sure each of you have designated responsibility in case of an emergency. nothing last-minute. that's when people get hurt. safety is the key. do not use hazardous or flammable goods like candles. it's dangerous. as always, there is more information on our website at foxnews.com/propertyman.

that's it for today. be sure to send me your questions or property stories at propertyman@foxnews.com. i'm bob massi. i'll see you next week. [ woman vocalizing ] ♪ ♪ paul: welcome to the journal editorial report as we countdown to november med -- midterms, i'm paul gigot, good news with u.s. economy, robust 3 and a half percent while consumer spending increased by 4%, the strongest since the fourth quarter of 2014, kevin hasset chairman of the white house council of economic advisers, welcome back, kevin, good to have you here. >> good to be back, thanks. paul: last time you were here, i put you on the spot, 3 and a half percent, you nailed it.