I have a very simple solution, STOP FORECLOSING ON THE PROPERTIES WHEN THERE ARE GOOD OFFERS ON THE TABLE!
STOP thinking that real estate agents are the problem and think of us as the solution.!
they can start with firing EVERY last person at Fannie Mae and replacing them with people that have a brain and people who actually care.
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Good pont Jeff! Lenders will have to bite the bullet and ride the wave out like everyone else. It's funny because I saw in the national news two weeks ago where Fannie and Freddie were considering getting into the rental and leasing business because of the foreclosure glut.
Good pont Jeff! Lenders will have to bite the bullet and ride the wave out like everyone else. It's funny because I saw in the national news two weeks ago where Fannie and Freddie were considering getting into the rental and leasing business because of the foreclosure glut.
We (realtors) must get together and propose (along with our associations and attorneys) a single PLATFORM for short sale submission, handling, processing and response. A PLATFORM that makes sense (from the seller, buyer and realtor point of view, NOT LENDER), that is effective, quick, and that includes protection for sellers, buyers, REALTOR COMMISSIONS, timeframes, offer replacement, fair and speedy valuations, fraud protection, seller non liability for remaining balances and to be result driven and attractive to investors. Also, lenders should only give borrowers 3 chances to apply for mod in 1 year, so sorth sales start coming our way faster, and there is actually a breaking point for when the mod hopes ends...
Everybody should have a chance to apply, but there is people that actually takes advantage of that... there is a point when MODIFICATION IS A NO, so borrower must acknowledge that, so they now they must do short sale. This si call being proactive and moving forward. We need more short sales (PERIOD)
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