The Truth Behind the Foreclosure Numbers

   The Truth Behind
  National Foreclosure
        Numbers
          With Brad G...
The Truth Behind the Foreclosure Numbers




             Moderated by
             Stephen Chip
The Truth Behind the Foreclosure Numbers




          Brad Geisen
          Foreclosure.com Founder, President and CEO
The Truth Behind the Foreclosure Numbers




          Brad Geisen
          Foreclosure.com Founder, President and CEO
  ...
The Truth Behind the Foreclosure Numbers


       Today’s Agenda
The Truth Behind the Foreclosure Numbers


       Today’s Agenda
       • Explain data
The Truth Behind the Foreclosure Numbers


       Today’s Agenda
       • Explain data
       • Foreclosure process
The Truth Behind the Foreclosure Numbers


       Today’s Agenda
       • Explain data
       • Foreclosure process
      ...
The Truth Behind the Foreclosure Numbers


       Today’s Agenda
       • Explain data
       • Foreclosure process
      ...
The Truth Behind the Foreclosure Numbers


       Today’s Agenda
       • Explain data
       • Foreclosure process
      ...
The Truth Behind the Foreclosure Numbers


      Data discrepancy
The Truth Behind the Foreclosure Numbers


      Data discrepancy

    • Properties counted multiple times
The Truth Behind the Foreclosure Numbers


      Data discrepancy

    • Properties counted multiple times
    • Bad or ex...
The Truth Behind the Foreclosure Numbers


      Data discrepancy

    • Properties counted multiple times
    • Bad or ex...
The Truth Behind the Foreclosure Numbers


  Foreclosure Process
The Truth Behind the Foreclosure Numbers


  Foreclosure Process

1. Preforeclosure
   (Notice of default, Lis Pendens - S...
The Truth Behind the Foreclosure Numbers


  Foreclosure Process

1. Preforeclosure
   (Notice of default, Lis Pendens - S...
The Truth Behind the Foreclosure Numbers


    Foreclosure Stats
The Truth Behind the Foreclosure Numbers


    Foreclosure Stats
 Pre-foreclosures (Notice of default, Lis Pendens, Etc.)
The Truth Behind the Foreclosure Numbers


    Foreclosure Stats
 Pre-foreclosures (Notice of default, Lis Pendens, Etc.)
...
The Truth Behind the Foreclosure Numbers


    Foreclosure Stats
 Pre-foreclosures (Notice of default, Lis Pendens, Etc.)
...
The Truth Behind the Foreclosure Numbers


    Foreclosure Stats
 Pre-foreclosures (Notice of default, Lis Pendens, Etc.)
...
The Truth Behind the Foreclosure Numbers


    Foreclosure Stats
 Pre-foreclosures (Notice of default, Lis Pendens, Etc.)
...
The Truth Behind the Foreclosure Numbers


    Foreclosure Stats
 Pre-foreclosures (Notice of default, Lis Pendens, Etc.)
...
The Truth Behind the Foreclosure Numbers




                                  Source: Foreclosure.com
The Truth Behind the Foreclosure Numbers




                                  Source: Foreclosure.com
The Truth Behind the Foreclosure Numbers




                                  Source: Foreclosure.com
The Truth Behind the Foreclosure Numbers




                                  Source: Foreclosure.com
The Truth Behind the Foreclosure Numbers




                                  Source: Foreclosure.com
The Truth Behind the Foreclosure Numbers




                                  Source: Foreclosure.com
The Truth Behind the Foreclosure Numbers




                                  Source: Foreclosure.com
The Truth Behind the Foreclosure Numbers




                                  Source: Foreclosure.com
The Truth Behind the Foreclosure Numbers




                                  Source: Foreclosure.com
The Truth Behind the Foreclosure Numbers




                                  Source: Foreclosure.com
The Truth Behind the Foreclosure Numbers


MBA (Mortgage Bankers Association)
              March 6, 2008
The Truth Behind the Foreclosure Numbers


MBA (Mortgage Bankers Association)
                                March 6, 200...
The Truth Behind the Foreclosure Numbers


MBA (Mortgage Bankers Association)
                                March 6, 200...
The Truth Behind the Foreclosure Numbers


MBA (Mortgage Bankers Association)
                                 March 6, 20...
The Truth Behind the Foreclosure Numbers


MBA (Mortgage Bankers Association)
                                 March 6, 20...
The Truth Behind the Foreclosure Numbers


MBA (Mortgage Bankers Association)
                                 March 6, 20...
The Truth Behind the Foreclosure Numbers


What we see happening
The Truth Behind the Foreclosure Numbers


What we see happening
•10 years of appreciation in 5 years
The Truth Behind the Foreclosure Numbers


What we see happening
•10 years of appreciation in 5 years
•TIME catches up to ...
The Truth Behind the Foreclosure Numbers


What we see happening
•10 years of appreciation in 5 years
•TIME catches up to ...
The Truth Behind the Foreclosure Numbers


         Then vs. now
The Truth Behind the Foreclosure Numbers


         Then vs. now

   •What is the big difference from
    today vs. saving...
The Truth Behind the Foreclosure Numbers


       Prime rate chart




                    Source: Board of Governors of t...
The Truth Behind the Foreclosure Numbers


   Unemployment chart




                   Source: United States Department o...
The Truth Behind the Foreclosure Numbers


           GNP chart




           Source: U.S. Department of Commerce: Bureau...
The Truth Behind the Foreclosure Numbers


  Subprime problems
The Truth Behind the Foreclosure Numbers


  Subprime problems
• Foreign investment in sub-prime paper
The Truth Behind the Foreclosure Numbers


  Subprime problems
• Foreign investment in sub-prime paper
• Banks had 10 year...
The Truth Behind the Foreclosure Numbers


  Subprime problems
• Foreign investment in sub-prime paper
• Banks had 10 year...
The Truth Behind the Foreclosure Numbers


  Subprime problems
• Foreign investment in sub-prime paper
• Banks had 10 year...
The Truth Behind the Foreclosure Numbers


    CREDIT CRISIS or
    CREDIT CRUNCH?
The Truth Behind the Foreclosure Numbers


    CREDIT CRISIS or
    CREDIT CRUNCH?
     • Buy today at yesterday’s prices
The Truth Behind the Foreclosure Numbers


    CREDIT CRISIS or
    CREDIT CRUNCH?
     • Buy today at yesterday’s prices
...
The Truth Behind the Foreclosure Numbers


    CREDIT CRISIS or
    CREDIT CRUNCH?
     • Buy today at yesterday’s prices
...
The Truth Behind the Foreclosure Numbers


    CREDIT CRISIS or
    CREDIT CRUNCH?
     • Buy today at yesterday’s prices
...
The Truth Behind the Foreclosure Numbers




     CREDIT CRUNCH
The Truth Behind the Foreclosure Numbers




         THANK YOU!
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The Truth Behind National Foreclosure Numbers

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Foreclosure.com Founder, President and CEO, Brad Geisen addresses the growing foreclosure “crisis,” as well as the current and future condition of the national housing market. Mr. Geisen will shed light on the massive disparities among providers that track nationwide foreclosure figures.

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  • Hi, may I know how to upload ppt file with audio tgether? I made a file with ppt and mp3 but can not play smoothly like yours. Would you please kindly share your file formate with me? many thanks and looking forwarding to your reply!



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The Truth Behind National Foreclosure Numbers

  1. The Truth Behind the Foreclosure Numbers The Truth Behind National Foreclosure Numbers With Brad Geisen
  2. The Truth Behind the Foreclosure Numbers Moderated by Stephen Chip
  3. The Truth Behind the Foreclosure Numbers Brad Geisen Foreclosure.com Founder, President and CEO
  4. The Truth Behind the Foreclosure Numbers Brad Geisen Foreclosure.com Founder, President and CEO • Successful real estate investor, broker, developer and entrepreneur for 24+ years
  5. The Truth Behind the Foreclosure Numbers Today’s Agenda
  6. The Truth Behind the Foreclosure Numbers Today’s Agenda • Explain data
  7. The Truth Behind the Foreclosure Numbers Today’s Agenda • Explain data • Foreclosure process
  8. The Truth Behind the Foreclosure Numbers Today’s Agenda • Explain data • Foreclosure process • Foreclosure stats
  9. The Truth Behind the Foreclosure Numbers Today’s Agenda • Explain data • Foreclosure process • Foreclosure stats • What we see happening
  10. The Truth Behind the Foreclosure Numbers Today’s Agenda • Explain data • Foreclosure process • Foreclosure stats • What we see happening • Credit Crisis or Credit Crunch?
  11. The Truth Behind the Foreclosure Numbers Data discrepancy
  12. The Truth Behind the Foreclosure Numbers Data discrepancy • Properties counted multiple times
  13. The Truth Behind the Foreclosure Numbers Data discrepancy • Properties counted multiple times • Bad or expired data
  14. The Truth Behind the Foreclosure Numbers Data discrepancy • Properties counted multiple times • Bad or expired data • Time period undefined
  15. The Truth Behind the Foreclosure Numbers Foreclosure Process
  16. The Truth Behind the Foreclosure Numbers Foreclosure Process 1. Preforeclosure (Notice of default, Lis Pendens - Sheriff/Trustee sale.)
  17. The Truth Behind the Foreclosure Numbers Foreclosure Process 1. Preforeclosure (Notice of default, Lis Pendens - Sheriff/Trustee sale.) 2. Foreclosure (Foreclosed and owned by lender, REO, Bank owned)
  18. The Truth Behind the Foreclosure Numbers Foreclosure Stats
  19. The Truth Behind the Foreclosure Numbers Foreclosure Stats Pre-foreclosures (Notice of default, Lis Pendens, Etc.)
  20. The Truth Behind the Foreclosure Numbers Foreclosure Stats Pre-foreclosures (Notice of default, Lis Pendens, Etc.) • New properties / monthly
  21. The Truth Behind the Foreclosure Numbers Foreclosure Stats Pre-foreclosures (Notice of default, Lis Pendens, Etc.) • New properties / monthly • Total inventory / monthly
  22. The Truth Behind the Foreclosure Numbers Foreclosure Stats Pre-foreclosures (Notice of default, Lis Pendens, Etc.) • New properties / monthly • Total inventory / monthly Foreclosures (Foreclosed and owned by lender, REO)
  23. The Truth Behind the Foreclosure Numbers Foreclosure Stats Pre-foreclosures (Notice of default, Lis Pendens, Etc.) • New properties / monthly • Total inventory / monthly Foreclosures (Foreclosed and owned by lender, REO) • New properties / monthly
  24. The Truth Behind the Foreclosure Numbers Foreclosure Stats Pre-foreclosures (Notice of default, Lis Pendens, Etc.) • New properties / monthly • Total inventory / monthly Foreclosures (Foreclosed and owned by lender, REO) • New properties / monthly • Total inventory / monthly
  25. The Truth Behind the Foreclosure Numbers Source: Foreclosure.com
  26. The Truth Behind the Foreclosure Numbers Source: Foreclosure.com
  27. The Truth Behind the Foreclosure Numbers Source: Foreclosure.com
  28. The Truth Behind the Foreclosure Numbers Source: Foreclosure.com
  29. The Truth Behind the Foreclosure Numbers Source: Foreclosure.com
  30. The Truth Behind the Foreclosure Numbers Source: Foreclosure.com
  31. The Truth Behind the Foreclosure Numbers Source: Foreclosure.com
  32. The Truth Behind the Foreclosure Numbers Source: Foreclosure.com
  33. The Truth Behind the Foreclosure Numbers Source: Foreclosure.com
  34. The Truth Behind the Foreclosure Numbers Source: Foreclosure.com
  35. The Truth Behind the Foreclosure Numbers MBA (Mortgage Bankers Association) March 6, 2008
  36. The Truth Behind the Foreclosure Numbers MBA (Mortgage Bankers Association) March 6, 2008 • Currently 2.04% of all loans are in foreclosure process (Not every property in foreclosure goes through the entire process)
  37. The Truth Behind the Foreclosure Numbers MBA (Mortgage Bankers Association) March 6, 2008 • Currently 2.04% of all loans are in foreclosure process (Not every property in foreclosure goes through the entire process) • Currently less than 2% of all loans will be foreclosed
  38. The Truth Behind the Foreclosure Numbers MBA (Mortgage Bankers Association) March 6, 2008 • Currently 2.04% of all loans are in foreclosure process (Not every property in foreclosure goes through the entire process) • Currently less than 2% of all loans will be foreclosed • Banks estimate a 2% default rate (Industry standard)
  39. The Truth Behind the Foreclosure Numbers MBA (Mortgage Bankers Association) March 6, 2008 • Currently 2.04% of all loans are in foreclosure process (Not every property in foreclosure goes through the entire process) • Currently less than 2% of all loans will be foreclosed • Banks estimate a 2% default rate (Industry standard) • Banks use 5% default rate as a reserve
  40. The Truth Behind the Foreclosure Numbers MBA (Mortgage Bankers Association) March 6, 2008 • Currently 2.04% of all loans are in foreclosure process (Not every property in foreclosure goes through the entire process) • Currently less than 2% of all loans will be foreclosed • Banks estimate a 2% default rate (Industry standard) • Banks use 5% default rate as a reserve • In 2007 the default rate was less than 1%
  41. The Truth Behind the Foreclosure Numbers What we see happening
  42. The Truth Behind the Foreclosure Numbers What we see happening •10 years of appreciation in 5 years
  43. The Truth Behind the Foreclosure Numbers What we see happening •10 years of appreciation in 5 years •TIME catches up to the VALUES
  44. The Truth Behind the Foreclosure Numbers What we see happening •10 years of appreciation in 5 years •TIME catches up to the VALUES •CORRECTION
  45. The Truth Behind the Foreclosure Numbers Then vs. now
  46. The Truth Behind the Foreclosure Numbers Then vs. now •What is the big difference from today vs. savings and loan crisis in the 80s?
  47. The Truth Behind the Foreclosure Numbers Prime rate chart Source: Board of Governors of the Federal Reserve System
  48. The Truth Behind the Foreclosure Numbers Unemployment chart Source: United States Department of Labor - www.biz.gov/lau
  49. The Truth Behind the Foreclosure Numbers GNP chart Source: U.S. Department of Commerce: Bureau of Economic Analysis - www.bea.gov
  50. The Truth Behind the Foreclosure Numbers Subprime problems
  51. The Truth Behind the Foreclosure Numbers Subprime problems • Foreign investment in sub-prime paper
  52. The Truth Behind the Foreclosure Numbers Subprime problems • Foreign investment in sub-prime paper • Banks had 10 years of profits
  53. The Truth Behind the Foreclosure Numbers Subprime problems • Foreign investment in sub-prime paper • Banks had 10 years of profits • Term Security Lending Facility (TSLF)
  54. The Truth Behind the Foreclosure Numbers Subprime problems • Foreign investment in sub-prime paper • Banks had 10 years of profits • Term Security Lending Facility (TSLF) • Loss mitigation / Short sales / Loan workouts
  55. The Truth Behind the Foreclosure Numbers CREDIT CRISIS or CREDIT CRUNCH?
  56. The Truth Behind the Foreclosure Numbers CREDIT CRISIS or CREDIT CRUNCH? • Buy today at yesterday’s prices
  57. The Truth Behind the Foreclosure Numbers CREDIT CRISIS or CREDIT CRUNCH? • Buy today at yesterday’s prices • Money is cheap
  58. The Truth Behind the Foreclosure Numbers CREDIT CRISIS or CREDIT CRUNCH? • Buy today at yesterday’s prices • Money is cheap • Good economy
  59. The Truth Behind the Foreclosure Numbers CREDIT CRISIS or CREDIT CRUNCH? • Buy today at yesterday’s prices • Money is cheap • Good economy • Elections are coming
  60. The Truth Behind the Foreclosure Numbers CREDIT CRUNCH
  61. The Truth Behind the Foreclosure Numbers THANK YOU!

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