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The Great Unwinding: A View Framed By the Front Porch Presented by: Paul Bellamy, JD, Ph.D.Director of Development and Research
S.S. REO Source: CoreLogic Mortgage Trends ,July 2011
Ohio Slice $50,000 to $200,000 Loan Balances “Sweet Spot” for Shadow Inventory “Shadow Inventory” is a Huge Drag on Local Markets
A “Snapshot” of Market Activity December 2011 to May 2012
Tracking Chain of Ownership 15 Properties, 49 TransfersQuarter Mile Radius PersonsCorporations Sheriff
It Is the Corporate “Legal Fiction” That Creates the Very Real Destruction of Value • These Corporations • don’t mow lawns • repair windows • pick up trash and debris • answer for code violations • or even pay taxes
Is it possible to capture these renegade “fictions”? Must we accept that corporations are beyond the control of fundamental community standards and laws? Will we continue to entitle them to be lawless?
For Copies of this Presentation Contact: Paul Bellamy JD, Ph.D.Director of Development and Research ESOP email@example.com 216 296-0361