All Forum Posts by: Eric S.

Shadow inventory could actuallly mean different things, which I think is one reason why you get different answers.

Technically, it's inventory that the the banks have foreclosed on but not put on the market. I believe that ForeclosureRadar.com has done some good analysis on this and concluded that in fact banks haven't been doing as much of this as people think. It's a popular topic of discussion, thus the attempt at a formal analysis.

However, one thing that is happening is that banks are not officially foreclosing, or they are doing it very slowly. So, if you take a look at the inventory that fallls into this status of you'd-expect-them-to-have-foreclosed (e.g. haven't paid the mortgage in 12 months), then I understand that these numbers certainly are ballooning.

Something else to think about is, what drives prices? The policy makers often seem to assume that's it 's an issue of supply and demand. This may be partially true, but many will point out that it's driven primarily by affordability, not availability -- that is, what a buyer's monthly payments are going to look like. So, in this sense, prices are less sensitive to supply and demand and more sensitive to factors like down payment required, interest rates, other underwriting guidelines, etc. So, for example, the coming inflation many predict will have a huge effect (through interest rates) on home prices that people can afford to make payments on.

Having said all that, if prices fell again I don't think they would release everything back on the market. I think they would hold on to it even tighter. But who knows?

Absolutely!

Great list! Do you know if anyone so far has put it together as a free report?

I don't remember where I got this link from, but I wanted to share an AWESOME presentation on the current state of Social Media, how widespread it is, how important it is, how companies should use it, etc.

Enjoy!
http://thesocialmediasource.com/2009/12/the-benefits-of-social-media-a-presentation/

What do you guys think?

Yeah, I think we have to separate the platform from the content.

Like somebody said, WordPress is a blogging platform that is being used successfully to create static-pages as well (websites).

If the question is, can a sequential series of posts serve as your company's calling card exclusively, then I would say no.

One thing to consider is that people and search engines are starting to favor the interactivity of social media over the staticness of websites.

As to the challenge of creating squeeze pages in websites, I recently came across Squeeze Theme for WP, which seems to span the gap.

As long as I'm at it, one more question ...
Has "Integrity Title" come across people's radars on this as well? Anybody know the relationship there might be between Integrity Title and JPO Title? Are these more Campagnolo companies?

Does anyone know the relationship between "C&W Development Group", "Home 1st Lending", and "Prime Finance Group"? They all seem to be Roger Campagnola vehicles, but I'm wondering if there is something more to it.

Were these all interchangeable intermediaries in dealing with Harbor Funding?

(Wow! I just checked my stream of paperwork and realized they all share(d) the same address)

HI All,
I am relieved to find this thread because now I know I'm not alone, but also astounded to find out the depth and breadth of it :cry:

I'm hoping the group can help me understand something. Some people on this thread have mentioned a class action lawsuit, but others seem to be skeptical about it. What is the reluctance to join the lawsuit?

Also, it seems some people are aggressively pursuing this with their state attorneys general and with the FBI. In my case (I live in California), how do I even begin to pursue these channels?

Best Regards,
Eric

Eric