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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Elroy Jetson who wrote (57800)7/16/2006 4:25:46 PM
From: John VosillaRead Replies (1) of 306849
 
'Look for large "extraordinary write-offs" from the publicly traded home builders in their next quarterly reports'

Is that likely? Or do they have to wait until the yearly audit after the once a yr MAI appraisals are done for massive adjustments of that size? Seems hard for me to believe they can adjust downward just from inhouse appraisals or CMA from a broker.
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