There are many with more years experience; however, I am no spring chicken in the industry. In my seven years I have seen experts in just about every nook and cranny involved in real estate. Relocation experts (some who have never been further than the county line), 1031 Exchange experts, Investment Property experts, Second Home experts, First Home experts, Ugly Home experts, Luxury Home experts.....yada yada yada.

Now with the mass media using the term foreclosure synonymous with opportunity we see the birth of the Foreclosure expert. Sad.

Obviously there is a need for trained professionals is this growing arena. Is it possible to become an expert over night simply because there may be a need?

My heart aches for those facing foreclosure. That ache is compounded by the amount of misinformation, murky representation, and fly by night advice given by self proclaimed experts.

It is a must that Realtors, as professionals, hold a fierce standard of accountability. I realize I don't know everything, matter of fact some days I don't know anything. Admitting my lack of expertise in certain areas has actually made me a better Realtor. I know what I know, but I also know what I don't know.

To the general public: I urge you to ask questions.If you are employing an expert, verify the expertise. As an education junkie, I understand the value of continuing education yet two online classes an expert does not make!

Navigating the labyrinth of a foreclosure requires knowledgeable, compassionate, experienced guidance. I am NOT a foreclosure expert. I will assist my clients in purchasing a foreclosure IF it is in their best interest; however, I will be asking questions. A lot of questions. I will make certain my clients receive the best representation, even if that means referring them.

To those who are experts, thank goodness you have taken the time to learn, listen, and apply the knowledge necessary to assist clients already facing a tremendous endeavor.

 

 

 

 
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7 Comments on Foreclosure Expert? Seriously?

OCT
06
Outside Blog

Cherimie, It's no different here either or anywhere else for that matter, "experts" abound. Usually those with the knowledge don't need to shout about it, which makes those who do, a little suspect.

10:19am • #1
127,602 Points 8 Featured Posts Localism Sponsor

I agree...I don't mean to sound brutal, I am just worried about the amount of misinformation.

10:23am • #2
OCT
07
290,933 Points 4 Featured Posts Outside Blog

Yes the short sale expert is the one that I find very amusing. Most of the time they cant even track assignments at the Court house to know whoowns the mortgage lien.

6:53am • #3
127,602 Points 8 Featured Posts Localism Sponsor

Laura,

What do you recommend for classes or education methods for agents who don't know much about the short sale/foreclosure process...I have taken a few of the courses only to be left with more questions!!!

9:01am • #4
OCT
11
184,826 Points 1 Featured Post Localism Sponsor

Cherimie,

I agree with Greg; if you have to shout and shout about being an expert I am a little suspect!

5:25pm • #5
OCT
13
226,204 Points 4 Featured Posts

Cherimie, my local BOR has had a few great Short Sale seminars, but the reality is that you dont get instantly injected with the knowledge until you experience a few on your own. You learn so much more when working on a transaction than in a classroom!

The big problem today is everyone thinks the short sale or foreclosure is a bargin, and most of the time that is far from the truth!  As you mentioned above: Only if it is in the clients best interest!

11:18am • #6
OCT
16
284,922 Points 5 Featured Posts Outside Blog

Chermie.. I just had a client that thought he was an expert on Short Sales/Foreclosures.  Expert?  When I mentioned that even though you think you are getting a *bargain* it might not be.  For one, you will have to wait at least 90 days to get a response from the bank on your offer.  He laughed, no it only takes a few days.  ??????  When I asked him about this, he talked to an EXPERT.  Where did this idiot come from?

valerie osterhoudt

3:39pm • #7

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