Is it because the lenders are more proactive with loan modifications or is it because certain lenders (cough) like Chase (coughs again) are pushing thier "Preferred Partners"? Or maybe it's just me. I'm getting fewer calls from people nowadays inquiring about short sales. Are these lenders intercepting the leads and pushing only the Realtors who give them business? Thoughts, opinions please...
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Our short sale business is not slowing down; however, I am working much harder to get the leads. I am seeing a significant increase in competition in the short sale market. For years many realtors would not touch a short sale. Now there are countless agents taking on short sales.
I agree. Many agents are now saying they "specialize" in short sales. They may have taken one course or done a few....
Eartha, That's a good point. Everyone is doing them now. What about these certain lenders that are pushing thier "approved" agents? I wonder. I've been talking to other agents locally and they are seeing fewer leads also. Chase and I believe Wells Fargo, are giving thier customers names of Realtors when they inquire about doing a short sale now. You can only get on thier approved list if you give them leads. I think that sounds fishy, don't you?
I'm not seeing that in my market. Maybe an adjustment to maketing needs to be considered.