http://www.realtor.org/rmolaw_and_ethics/Articles/2010/1003_law_disclosure

The above link is to an article in Realtor magazine March 2010. It states that realtors are not supposed to present offer to the lander in a shortsale or communicate with them after an offer is recieved. Oh how I wish this were true. In Nebraska a large part of my job in a shortsale is to get the offer to the lender and keep the process moving so my client can avoid foreclosre. The article states that the "closer" should contact the lender. I do not know a title company closer in Nebraska who would do this.

I sent the following email to the author iof the above article:

Hi Stacey

Your article on shortsales (March 2010) is appreciated. I do however disagree with your statement that realtors turn over communication with the lender to the closer once an offer is made. In Nebraska there is not a closer that I know who will call and speak to a lender. Each call can take up to an hour on hold and in transfers. They do not have the time to do this. As a realtor I do not become liable for giving the lender an offer and helping to get them the documentation needed. Lenders either accept, counter or refuse to reply. I have clients sign a paper that states they need to consult with their attorney and CPA to make sure they understand what the shortsale means to them in the future. I am simply trying to help them avoid foreclosure. My job is to present offers to the lender and help the process along.

Thanks

Renee

Any thoughts out there?

Have a great week

Renee

 
Posted by Ben and Renee Lampman on 03/01/2010 08:55 AM   Comments (1)   Shortsales & Foreclosures in the ActiveRain Channel   shortsale  
Generate short URL

Time is the Scarcest Resource
02/09/2010
share
As we are already over a month into 2010, I am still struggling with managing time so that I achieve my goals AND enjoy my life. I found an article that addresses time managemnet and has great tips. Enjoy and have a blessed day! Renee http:/… more
Are your sellers prequalified?
02/01/2010
share
I was recently at a seminar where the speaker was giving tips to more successful transactions. He spoke of prequalifying sellers as well as buyers. His steps included: Ask what the sellers owe currently Prepare a sellers net sheet so they know… more
How can this scam still work?
01/31/2010
share
I am sure many of you are aware of a scam on craiglist and other sites. Scammers search for vacant listings, and then try to "rent" them to an unwitting renter. These people do not own the property and often don't even live in the state where the… more
12 Simple Ways to Stay in Touch
01/15/2010
share
12 Simple Ways to Stay in Touch Don't wait until the customer has forgotten your name to establish contact. Begin your client-base-building soon after the transaction is over, when your identity and the good service is still fresh in the customer's… more
The Secret to 2010
01/07/2010
share
20 Tips for a Positive New Year •1. Take a 10-30 minute "Thank You" walk every day. While walking practice gratitude. It is the ultimate anti-depressant. •2. Sit in silence for at least 10 minutes each day. Buy a lock if you have to… more
Tax credit link
01/06/2010
share
Attached is a link to a great little utube video about the tax credit. I plan to email it to my sphere and put it on facebook and twitter. Hope everyone out there is having a great 2010 so far. Best Wishes Renee http://www. youtube. com… more
I can't work under these conditions!
12/10/2009
share
We have had 3 days here in Omaha with snow, blizzard and extreme cold. I work from home mostly but have an office at my broker's office too. With 4 kids home from school for three days, I am at my wits end. Can't go to the office- snowed in. Can't… more
Sometimes you CAN just put a sign in the yard
12/07/2009
share
You've heard that bad realtors just take listings, put a sign in the yard and collect a commission if the house ever sells. Well I am a full service realtor with a list of 25 things we do to market each listing we have. I just got a bit of great… more
Are you in one of the "Recovering" states?
11/13/2009
share
According to Moody's Economy. com 11 states are recovering from the recession. In 38 states the recession is slowing. Only Nevada is considered to be still "deep in recession". You can go to Stateline. org to see where your state falls. We have seen… more
 
Picwithjenny

Ben and Renee Lampman

Omaha, NE

More about me…

Deeb Realty

Address: DEEB REALTY, 2611 South 117th Street, Omaha, Ne, 68144

Office Phone: (402) 491-0100

Cell Phone: (402) 669-3759

Email Me



Links

Archives

RSS 2.0 Feed for this blog

Find NE real estate agents and Omaha real estate on ActiveRain.