It seems like the more the government tries to help the worse things get. What they do to help often hurts more than it helps.
I have been working some short sales and have had a lot of success using Short Sale services offered by Old Republic Title; a very fine company. The Short Sale Services were reasonably priced and effective. They were not negotiators, but simply got the packages together and made contact with the loss mitigation departments to make sure the paper work was moving. When actual negotiations were needed this is where the agent would step back in.
Well the California Department of Insurance decided this was a conflict of interest and was being used as an inducement for business and told them to shut it down. Of Course it was an inducement for business, what company does not have several related products and try to produce some synergy. Nothing wrong with that!
How would you like it if the fast food restaurant could not sell soda, because it might be seen as an inducement to get you to buy a hamburger?
The problem started with kick backs from some Title Companies to Some Agents and Brokers. This is not right, but now the rules to prevent abuse has gone to far. As it stands I cannot go into a Title Company and have a cup of coffee.
Click here for information on Short Sales in Brentwood or beyond.
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