Download or read book Examining Price Appreciation in Foreclosed Properties written by Eric Loth (Jr.) and published by . This book was released on 2008 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis examines foreclosure sales of single-family homes in eight communities in the Boston Metro area and the price appreciation from purchase of a foreclosed property through to a subsequent fair market, arms-length sale. The post foreclosure sale price appreciation of the foreclosed properties is compared with price appreciation of fair market, arms length sales to discern the effects of a foreclosure on future price appreciation. RESULTS The magnitude of the price appreciation may be positively influenced, or in part, caused by investment to remediate defects in the property or to cure problems due to endemic disinvestment. On the other hand, it is quite probable there is a negative effect due to intractable problems and or stigma which cannot be cured with money or sweat equity; i.e. socio-economic factors such as changes in crime and poverty rates, macroeconomic conditions, floods or other natural mishaps. Price appreciation, as measured through actual repeat sales, from 8 cities in the Boston Metro area, indicate foreclosed properties appreciate more rapidly than normative, arm's length transactions in those same markets. The results were unclear for sales pairs initiated in 1991-1994, during a relatively flat market. However results are significant with sales pairs initiated in 1995-1997 and 1998-2000, during the real estate recovery and over various holding periods up to five years, using repeat sales data from 1987 through 2007. The Foreclosed Sale Pairs initiated from 1995-2000 dominated the Market Sale Pairs initiated during the same years over the two to five year holding periods.
Download or read book The Value of Foreclosed Property written by Anthony Pennington-Cross and published by . This book was released on 2004 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Optimal Put Exercise written by Brent W. Ambrose and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Implicit in option-pricing models of mortgage valuation are threshold levels of put-option value that must be crossed to induce borrower default. There has been little research into what these threshold values are that come out of pricing models, or how they compare to exercised option values seen in empirical data. This study decomposes boundary conditions for optimal default exercise to look at the economic dynamics that should lead to optimal default timing. Empirical data on FHA insured mortgage foreclosures is then examined to discern the predictive influence of optimal-option-valuation-and-exercise variables on observed default timing and values. Interesting results include a new understanding of how to measure and use property equity variables during economic downturns, house price index ranges over which default is exercised for various classes of borrowers, and implied differences in appreciation rates between market price indices and foreclosed properties.
Download or read book Examining Local Efforts to Address the Continuing Foreclosure Crisis written by United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Domestic Policy and published by . This book was released on 2011 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Report to Congress on the Root Causes of the Foreclosure Crisis written by Christopher E. Herbert and published by DIANE Publishing. This book was released on 2010-06 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyzes data and trends in the residential housing market and reviews the academic lit. and industry press on the root causes of the current foreclosure crisis (FC). Provides a review of policy responses and recommended actions to mitigate the FC and help prevent similar crises from occurring in the future. Contents: (1) Trends in Delinquencies and Foreclosures: Regional Trends in Foreclosures; (2) Lit. Review: General Lit. on Causes of Foreclosures and Delinquencies; Lit. Assessing Causes of the Current FC; Factors Enabling Expanded Risky Lending; (3) Policy Responses to the FC: Efforts To Address Rising Foreclosures; Efforts To Reduce the Risk of High Rates of Mortgage Foreclosures in the Future; Mortgage Market Reform. Illus.
Download or read book Turmoil in U S Credit Markets written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 2010 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Statutory Right of Redemption and the Selling Price of Foreclosed Houses written by Bruce L. Gordon and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In some states properties are subject to a statutory right of redemption, which allows the previous homeowner and other parties to "redeem" the property for some designated period of time after the date of foreclosure. The statutory right of redemption exposes purchasers to the risk that they may lose their property ownership and may not be reimbursed for property improvements. This study examines a large sample of Alabama foreclosure transactions to determine the effect of the statutory right of redemption on the net selling price. The findings of a search of redeemed properties indicate that the actual number of property redemptions is quite small; however, the average economic loss is estimated to approach 40%. Also, an examination of 1,860 foreclosed properties from 2004-2012 shows that the right of redemption option influences the net selling price. For a property purchased with a $90,000 exercise price (foreclosed auction selling price), a 10% increase in the foreclosed auction price increases the net selling price by as much as $250 in 2007-2012. The effect of the redemption option is less during 2004-2006 but it is still statistically significant for the most distant time to expiry.
Download or read book Market Efficiency in Real Estate written by Clinton E. Peterson and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In addition, we define statistically significant differences in the discounts or premiums between different types of transactions. The foreclosure discount also appears to vary across the different cities in the greater Phoenix area.
Download or read book An Examination of the Homeowner Affordability and Stability Plan written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 2009 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Turmoil in U S Credit Markets written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 2010 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Examining the Making Home Affordable Program written by United States. Congress. House. Committee on Financial Services. Subcommittee on Housing and Community Opportunity and published by . This book was released on 2009 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book How to Pick Up Foreclosures written by Wade Cook and published by . This book was released on 1997 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: How to Pick Up Foreclosures is a step-by-step guide to buying the right properties for the maximum return. It walks you through finding potential properties and provides checklists for on-site analysis of each property. This book is packed with all the forms you'll need to find, purchase, and track your properties using Wade Cook's innovative investment system.Step-by-step guide to getting super discounted properties before the auctionInstructions on how to value the property
Download or read book How to Buy Foreclosed Real Estate for a Fraction of Its Value written by Theodore J. Dallow and published by Bob Adams Incorporated Publishers. This book was released on 1992 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, the real estate industry has undergone one of the most significant upheavals in its history. The editor of the popular professional newsletter Foreclosures covers every relevant topic and warns against the most common pitfalls--all in a way that's easy for the layperson to understand.
Download or read book Real Estate Appraisal written by Sarah Sayce and published by Wiley-Blackwell. This book was released on 2009-02-11 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: The education of the real estate professional is changing and aligning itself more closely with the world of business. This book takes a new approach to property appraisal by exploring the pricing mechanism in this changing context. It: * develops the notion of the pricing mechanism in relation to property * covers practical issues of comparison and the real problems in applying valuation theory * explores calculations - including social and environmental worth - ignored in other texts As real estate professionals now advise both on strategic and operational aspects of built assets, they must take into account practices of other investment markets and see investors as competitors to owner-occupiers. Both owner-occupiers and investors have to assess accurately how their buildings perform but also be aware of wider sustainability issues, and social and environmental responsibilities. Real Estate Appraisal: from value to worth meets these new demands by examining the latest techniques of the marketplace; developing an understanding of both market appraisal and worth; and highlighting the emerging role of sustainability as a driver for decision-making in real estate. Written by a group of highly experienced lecturers and professionals at the cutting edge of investment practice, the book has an accessible style and authoritative coverage, for both students and practitioners facing changes in established ways of working. For supporting material please go to www.blackwellpublishing.com/sayce
Download or read book Housing Crisis and State and Local Government Tax Revenue written by Byron Lutz and published by DIANE Publishing. This book was released on 2011-05 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: State and local government tax revenues dropped steeply following the most severe housing market contraction since the Great Depression. The authors identify five main channels through which the housing market affects state and local tax revenues: property tax revenues, transfer tax revenues, sales tax revenues, and personal income tax revenues. They find that property tax revenues do not tend to decrease following house price declines. The other four channels have had a relatively modest effect on state tax revenues. These channels jointly reduced tax revenues by $15 billion from 2005 to 2009, which is about 2% of total state own-source revenues in 2005. Charts and tables. This is a print on demand publication.
Download or read book An Examination of the Availability and Affordability of Property and Casualty Insurance in the Gulf Coast and Other Coastal Regions written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 2009 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Examining the Continuing Crisis in Residential Foreclosures and the Emerging Commercial Real Estate Crisis written by United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Domestic Policy and published by . This book was released on 2011 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:
