Based on your collaborative learning team discussion, submit, individually, a 350- to 700-word summary of the work completed by your team.
We have to Collect data about the chosen business problem or opportunity at the company.
Explain how you obtained a suitable sample of either qualitative or quantitative data.
Review data for validity and reliability
The selected company is HUD
This is what we discussed in the group chat;
We have obtained Qualitative data due to the fact we will be using numbers for our data. Based on the number of houses that your company is responsible for to the number of houses in foreclosure in the state of Michigan. We have discussed we will be using a bar graph as the visual aid in our project. There is one area i am still unclear on and i know you have explained it to me before but i still cant figure it out. How does the foreclosures present an issue for your company exactly and what types of data are we using in our graph? I know the information you sent was the number of houses in each stage of sale, but how does the foreclosure come into play? Is it the resale value, or the issue of purchasing price for your company that foreclosures present a problem? Im sorry i am struggling with this but i have almost no experience in the housing market so when you are discussing HUD housing and foreclosures i literally had to Google both to figure out what the difference was. I am just trying to get a better idea of what direction the project is heading.
I understand the a hard topic and we will have to work together to figure it out, the data that was provided just received for my company. We can discuss the decease in properties received from HUD in the last 18 months. HUD started selling properties by auctions instead of sending asset management company . I will be happy to provide any information I can.
we are using foreclosures in Michigan for the company problem. My question is, is the problem, foreclosures for the company HUB houses that were sold or the state foreclosure rate? If its HUB foreclosures, where do we get the number information to use in the statistical model? Or, if its the state foreclosure rate, how is that an issue for HUB sales and how does it make it a problem for the company? Any help would be appreciated.
HUD foreclosures that we are doing for our project are for the state of Michigan. Some of the issues that are with the company I work for BLB resources are vandalism damage to the property such as flooding due to missing pipes ,furnace and windows. The reason for the large amount of foreclosed homes taxes , job loss and most recently the lawsuits between HUD and Quicken homes.