Wow another semiar another expert. So hear it is 30 days later and I find out an agent has hired someone to help her with a short sale. Does her client know but better yet does her broker know what a great idea get another person involved-way to go make it harder. What happens when we try to be all to everyone?
As a former Bank examier and asset manager I stayed out of the loan workout business until I decided I do have more to offer to those in trouble. However this is a very risky business because of all the players involved. All I can say is lets continue to the professionals.
The rules in short sales none each situation it depends on the players and how long it takes to get all the papperwork in. We hate the time it takes and we can't get and answer. The first real problem is that you have two indutries tring to talk to each other. If I were to teach a course in short sales I woudl start with bank buz words..I would love to know who this Home Sweet Home loanwork out advisory group is does anyone know about this...
The blame game - it is the banks that made all this mess! We made the mess, people. We made it in the way we did business. It a mess that was cleaned up in the ealry 90's, however this time it seems to have a bigger bite.
We will come out this mess.... Hopefully they learned what worked and what did not in 90's but that is still up for vote as to where they are going to put all those bad assets.
It's still the same story. What value do those assets have in the market place, and how long will it take to cash out on these ? Interesting. Time will tell, however good business is still alive and well.
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Donna brings a world of experience and top-notch skills to her career as a Realtor with Keller Williams Realty.... focusing primarily on the Colleyville-Grapevine-Southlake-Keller markets. New constr
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