With just about a week left before our Foreclosure Alternatives Forum, it has become more and more apparent to me lately how much there is a growing need for legitimate, accredited, educated sources informing homeowners and those still active in the RE community.
Especially now with pop-up shops being set up almost overnight it seems, I am sifting through more and more articles of how homeowners are getting ripped off, scammed, and losing the last of what they had for savings (or putting it on credit cards) by someone who they thought was a reputable counselor.
Let me say this: there is nothing more de-facing for a professional community than these fly by night sham artists who are preying on the emotions of homeowners facing foreclosure. If the government is getting involved to this point, why not regulate the persons behind any agency, whatever their niche in the market is?
It's obvious there is a need for truth, not just regurgitated headlines as marketing ploys. On my twitter today I read that the NAR estimates only 1% of Agents know how to do Short Sales properly. (You can follow me at http://twitter.com/Invest2grow)
1%??!?! So how does that translate in the "real" market? Where are the other agents getting their information from to close and do short sales, or inform their clients of their options if they're facing foreclosure?
Come on....30% of all the deals in AZ right now on the re-sale market are REO's and Short Sales. You're either on the boat or your not as this point. Even more, it's estimated that over 35% of people here (in AZ) have little or no equity already....more Short Sales.
Point being, the shifts in the market have obviously gravitated towards distressed sellers, and it's up to us to sift through the rubble and sham artists to cultivate our reliable resources to help those sellers.
I hope if you're here in AZ you'll come visit me and bring some clients to hear a local, established, expert real estate attorney talk about all the options you're client must weigh when they're facing foreclosure. Everyone that's in the situation has the right to know what they're LEGAL responsibilities and options are, and hopefully we can inform them more and create an educated community on both sides!
The government is trying to make big shifts to help homeowners, let's collaborate from the ground up to make a difference. Enough is enough!
For more info or to RSVP visit Foreclosure Alternatives Forum
P.S. If you are planning on joining, please RSVP as soon as possible! We are already getting a ton of response and RSVP's on this so I want to make sure we can save seats for you/your clients. Thanks!
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