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!!!