My Television Interview Regarding A Scottsdale Short Sale

By
Real Estate Broker/Owner with Summit Home Consultants

My Television Interview Regarding A Scottsdale Short Sale

This evening, the local NBC Affiliate aired a story about a short sale that I have been working through with one of my clients.  The interview took place after I sent an email to the news station, detailing how my client was being treated on a Scottsdale short sale with IndyMac (now OneWest Bank) and BofA (second position lender).

To make a long story short, I spent approximately 10 minutes on camera, talking about what we've dealt with over the past 3 months with OneWest and BofA.  i talked about the government bail-outs, lack of respect they've shown my client, his current dire situation, the lender(s) timeliness (or lack thereof) in responding to our requests, etc.

At the end of the day, the news station took what my client and I said, and condensed it down to the small snippet you will see in the link below.  Believe me, I am not complaining about not getting more press time.  The "Investigative Reporter", Rick Debruhl, told us upfront that his piece is limited to 2 minutes each night, and I am SO appreciative that he took the time to interview us.  

It may sound self-serving, but I wanted more.  I wanted him to include ALL of my feelings of what we are seeing from the lenders today.  I wanted him to talk about the GREED that these lenders are showing on a daily basis.  I wanted him to talk about their arrogance, and lack of feelings for the average homeowner. Basically, I wanted him to say EVERYTHING that I discussed in the interview.

After watching (and re-watching) the news piece several times, I feel that homeowners that saw this interview and are facing foreclosure will now walk away without even attempting a short sale.  Please watch it and let me know your thoughts.  I'm eager to hear what other Realtors and/or homeowners think.

My feelings may sound self-serving (and maybe they are).  

During the interview, I explained, more than once, that MOST lenders would still rather conduct a short sale than a foreclosure, but the "larger" lenders have shown a "new attitude" as of late.  Unfortunately, this didn't make it into the interview.

The good news is that at the end of the day, I hope that homeowners that watch this get a better understanding of what the "real world" is in the Scottsdale Short Sale Market, and how lenders are treating the same people that bailed them out a few short months ago.  The bottom line is, LENDERS JUST DON'T CARE ABOUT THE SAME PEOPLE THAT BAILED THEM OUT.

While the interview may not convince more people facing foreclosure to consider short sale listings, I hope that it opens up some eyes, and, more importantly, I hope it motivates the citizens of our great country to start asking...."Why?"....

Folks, if you are being treated unfairly by your lender, SPEAK UP!  My client in this interview is a fairly "well-known" person in the community he lives in, and was somewhat reluctant to have his face plastered on tv sets across Phoenix, discussing his current financial status.  But, he wanted to do what he could to help others from facing what he is facing now with his lenders.  I think it took guts.

To watch the interview, click here.  And, let me know your thoughts!!!

 

 

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Re-Blogged 2 times:

Re-Blogged By Re-Blogged At
  1. Mike Karsten 10/14/2009 12:32 AM
  2. Jim McCormack 11/02/2009 11:17 PM
Topic:
Home Selling
Location:
Arizona Maricopa County
Groups:
Short Sales and Forclosures ONLY
Short Sales Specialists
Short Sale Support Group
Certified Distressed Property Expert
Short Sale REALTORS®
Tags:
arizona short sales
phoenix short sales
scottsdale short sales
phoenix loan modification
scottsdale loan modification
arizoan loan modi

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Rainmaker
152,456
Ray Wright
Keller Williams Realty - Riverside, CA
- Inland Empire Realtor

Wow!  Great!  Congrats!  Funny story, I was recently interviewed on Nightline.  We spoke for 10 minutes about the local market and they only aired 8 seconds of me talking about painting dead repo lawns green!  Stinkin media!

Sep 15, 2009 01:13 AM #1
Rainer
32,233
Sidney Jimenez
Keller Williams - Miramar, FL
CDPE, Short Sale Expert, 954-665-9449,

Bob,

You may be right about your assessment of homeowners getting the impression of walking away. The News media can be our friend but they can be our enemy just as easily. I would try to contact a local newspaper and send them a "press release" and a copy of the news story to see if they will expand on your message.

Good Luck Buddy!

Become a CDPE Today

Sep 15, 2009 09:22 AM #2
Rainmaker
761,985
Bill Ladewig
Escondido, CA
Experience Is Your Advantage

If you are ever interviewed by the media be very careful what you say because it is all about their agenda, not yours.

Oct 02, 2009 03:34 AM #3
Rainer
20,462
Inez Meehan
Keller Williams - Torrance, CA

BOB, I must agree with Sidney #2  . A press release might work best for you.  These banks are getting away with murder!! I closed a deal recently with BoA-  Unbelievable nightmare!!!

Oct 27, 2009 11:17 AM #4
Rainmaker
1,415,040
Gene Riemenschneider
Home Point Real Estate - Brentwood, CA
Turning Houses into Homes

I have reblogged this and followed your links and the links in the links.  I have seen the updated TBWS video.  I am going to do a short post two this post, the new TWBS video and the Shared Loss Agreement you posted.  I am not trying to grab any credit I am just outraged. 

Thanks for the hard work.

Feb 15, 2010 11:47 AM #5
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Rainmaker
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Bob Hertzog

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