Real Estate Signals versus Noise Skyline Constructions - PowerPoint PPT Presentation

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Real Estate Signals versus Noise Skyline Constructions

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Avinash prabhu is responsible behind the strong ties with marketing intermediaries and he is very famous in construction industry. – PowerPoint PPT presentation

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Title: Real Estate Signals versus Noise Skyline Constructions


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Real Estate Signals versus Noise Skyline
Constructions
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  • Before the latest real estate related financial
    crisis my fourth over four decades I embarked
    on a speaking tour at banking conferences.
  • I was concerned that more and more foreclosure
    lawsuits would be a damaging way to settle claims
    for repayment from homeowners in default, who
    otherwise might be fairly responsible people.  I
    proposed that a sale of the home would cure the
    default and foreclosure suit, as well as mitigate
    further loss and subsequent vacancy or blight. My
    approach was not well received.
  • The attendees at these conferences bankings
    default mortgage servicers and their real estate
    agents were very frustrated.  From their
    perspective, they were already doing all the
    right things estimating home values, touting
    asking prices and offering to negotiate.

3
  • Our real estate auction company had already been
    receiving hundreds of calls from homeowners
    facing loan default.  One example is particularly
    memorable.  A widow in Texas called after
    watching our company sell her neighbors home. 
  • Her husband, who had been the familys income
    source, had unexpectedly died some years
    earlier.  After struggling to keep the home,
    shed fallen behind on payments and called her
    mortgage servicer to advise them of her plight. 
  • They in turn suggested she try and sell the home,
    so she immediately listed with a real estate
    agent she knew.
  • The fact that sales of homes pre-foreclosure
    werent often occurring, was not perceived as
    anything the banks and their agents could
    change.  Given the speculative methods they were
    using, I didnt disagree.  For me, the issue was
    a lack of clear signals.

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Thanks
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