2012 Crystal Ball Conference Power Point

Crystal Ball Conference

Presented by: Steve de Laveaga

Information prepared by Michael Orr,founder of the “Cromford Report”

© 2011 www.cromfordreport.com

November 3, 2011

© 2011 www.cromfordreport.com

HUD Listings - down 83%REOs - down 68%Short Sales - down 72%Normal Listings - down 33%

© 2011 www.cromfordreport.com

© 2011 www.cromfordreport.com

Greater Phoenix

© 2011 www.cromfordreport.com

Greater Phoenix

© 2011 www.cromfordreport.com

“Shadow Inventory”

© 2011 www.cromfordreport.com

1,280

Purchased by Third Party

Reverted to BeneficiaryNew REOs

© 2011 www.cromfordreport.com

© 2011 www.cromfordreport.com

Arizona home loan delinquency is down 32.1%This is more than any other state!

Source: Lender Processing Services Mortgage Monitor

© 2011 www.cromfordreport.com

Arizona Ranking

February 2010 August 2011

• Non-current home loans – # 24

• Late but not in foreclosure – # 27

• In foreclosure– # 18

• Non-current home loans – # 3 (after FL, NV)

• Late but not in foreclosure – # 6 (FL, NV, GA, MS, MI)

• In foreclosure – # 4 (FL, NV, NJ)

© 2011 www.cromfordreport.com

Plans to increase their short sales next year by 60 - 70%.

They now have over 3,000 people in their short sale division to help handle the increase in short sale volume.

© 2011 www.cromfordreport.com

Bank of America Gears up for 2012 Short Sales

Royal Treatment Hair Salon

Specializing in the experience

$60 haircuts (Nails, Starbucks, etc)

Discount Pam’s

Specializing in fast / low cost

$8 haircuts

$8 HaircutsWe fix $8 Haircuts

The Royal Treatment Hair Salon