As RMS has indicated many times, based on our observations and more importantly on the review of assets during our weekly calls with Altisource, RMS continues to believe on many of these assets, the condition or location of the property is the primary driver behind not only the large reduction in list price, but ultimately a sales price well below the initial list price, all of which contribute to extended days on market and increased carrying costs incurred by the trust. This is an ongoing issue observed with Altisource and discussed on the weekly calls.
List price continues to be the biggest concern and is a frequent topic during our weekly target assets and RMS raises these issues on an asset-level basis, reviewing activity, property condition, agent feedback and offers (or lack thereof).
RMS continues to review assets where we believe the list price set by Altisource is high relative to our opinion of market value. On listed assets with DOM of more than 60 days and no offers, RMS and Altisource discuss the list price and agent feedback to understand why offers have not been received. RMS targets these assets for review every 2 weeks.
Another recent observation is a continued increase in the number of assets in “pending contracts” that fall out because the “buyer” fails to return the purchase agreement. RMS continued to observe this in January 2016. We believe this relates to the process by which Altisource sells REO assets (on the HUBZU website), where
This paper is written to provide a reasonably comprehensive overview of Section 1031 of the IRC as it pertains to real estate transactions, and to offer some thoughts on the wealth-creation advantages that 1031 Exchanges offer.
In November 2017, RMS continued to focus on the following areas, which we believe have the greatest impact on the portfolio due to extended days in REO and higher carry costs:
* There is an adverse change in legal factors or in the business climate that could affect value of the asset
This case involves an investigation of the factors that affect the sale price of Oceanside condominium units. It represents an extension of an analysis of the same data by Herman Kelting (1979). Although condo sale prices have increased dramatically over the past 20 years, the relationship between these factors and sale price remain about the same. Consequently, the data provide valuable insight into today’s condominium sales market.
The subsequent valuations are consistent with the Statement of Financial Accounting Standards no. 157, defined as “the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.”
As an innocent young boy watches his mother being killed by the cruel bank robbers, he vowed to himself he will avenge his mother’s death. He struggled through the bitter winter but he survived through the determination of revenge. Similarly, Roger Chillingworth, from Hawthorne’s renowned The Scarlet Letter, also thrives on revenge due to his wife’s disloyalty. As Chillingworth’s vengeance eats away at him, he transforms from a courteous man to a sadistic man; since Chillingworth is the driving force of the novel, he eventually evolves into a man he does not even recognize himself. Throughout this novel, Hawthorne argues extreme jealousy can turn an amiable person into a vengeful monster.
This case investigates the factors that are affecting the sale price of Oceanside condominium units. The relationship between these factors and sale price has remained the same despite condo sale prices increasing drastically over the past 20 years.
Interestingly, if you compare the number of prices reduces in February 2011 (80), to the number of current price reductions (0), it is evident that Apex is currently experiencing a seller’s market. Although homes remain on the market about a month longer, homeowners are not reducing their prices; therefore, higher-priced homes continue to sell in Apex.
December to January REG saw a significant increase in price, when AMP became a substantial shareholder, combined with the acquisition of a 194 bed RAC in Cairns, whereas in December JHC’s saw a drop in share price, due to loss of faith of shareholders after the announcement of A$5 million in unpaid overtime loading, discovered in a payroll review, a rapid recovery was achieved with the purchase of two new sites.
Kiana Perry Mrs. Seifert English 10 April 18, 2024. In the play Shakespeare, the main characters Macbeth and Lady Macbeth work their way from being common people to being King and Queen, doing whatever it takes to get there. Throughout the whole play, Macbeth goes through a lot of emotions, from being a coward to being cocky to being fearful. He was very cowardly in the beginning of the book in the sense of him not wanting to murder the Duncan the King and take the throne like Lady Macbeth wanted him to.
Automated valuation models (AVM) according to the RICS AVM Standards working group are systems that use one or more mathematical techniques to provide an estimate of the value of a specified property at a specified date, accompanied by a measure of confidence in the accuracy of the result, without human intervention post-initiation. They combine property sales data, property attributes data as well as local market information (RICS 2013, Corelogic (n.d)); these form the variables that are fed into the model. Models typically comprise one dependent variable which is the estimated property value and several independent variables (property attributes data) which take turns in explaining the dependent variable (RICS, 2013). AVMs vary depending on the modelling technique adopted, the methodology and independent variables adopted. Choice is solely down to the provider’s specification (RICS, 2013). Examples of the different models include; multiple regression model, indexation, sales comparison models and automated comparable selection and artificial neural networks. AVMs have been around for a while. However, market acceptance has been slow, tentative and somewhat phased.
of the asset (asset group) at the date it is tested for recoverability, whether in use (see paragraph 360-
1.0 INTRODUCTION Asset management is a concept that companies use to ascertain the value of their assets. It provides a quick measure of the worthiness of the organization and so becomes easier for organizations to prepare their final accounts as they are able to quickly estimate the value of their assets. Well managed organizations are required to perform regular fixed asset audits. Tracking and managing corporate assets and equipment is a challenge to most organizations especially when there is a large volume of assets or when those assets move frequently between departments or multiple branches. However in today‟s regulatory environment, it has become more important than ever for companies to
There are many diverse kinds of crisis, most of which are well known among the public: natural disasters, poverty, economy, and death are only a few. All are important, but they are also a distraction from a larger, underlying issue. A crisis that has been ignored for several decades, something that will affect all of our lives and future generations to come, is our changing climate. What can we do as informed citizens to get communities to notice what’s not only going on around them, but is being caused by their mundane actions? J.G. Ballard’s The Drowned World and Philippe Squarzoni’s Climate Changed both emphasize a forthcoming future where we can no longer ignore the deviations in the environment around us, along with the present, where
The overall health of the economy has a significant impact on the real estate industry. The economy is measured using indicators such as the GDP, employment percentages, manufacturing activity, and price of goods. When these indicators identify a sluggish economy it translate directly to declining real estate sales. RE/MAX and the customer alike are directly affected by the economy. A slow economy consists of decreased homes sales while a flourishing economy affords the customer the opportunity to buy, which relates to an increase in home sales for the realtor. (Amadeo, 2016)