Groups are smaller communities within the larger ActiveRain. Join groups created by others. or start your own and
get others to join
This is the place to view the past and present contests put on by ActiveRain and its members. Everyone can join the
group and help encourage each other. Current contest will be highlighted posts so it's easy for you all to see. Let it
Curious as to what others in your profession think about a certain product or tool?
AR's community takes the time to leave honest and transparent reviews of their experiences
so you can be a bit wiser about your purchase.
Broken down by categories and subcategories for easy finds
Get an unfiltered look at what real users are saying
Leave a review yourself for others to benefit from
Add new products as you use them and gain points for doing so
ActiveRain University (ARU) provides free on-line training. We coach, consult and support real estate professionals about real estate trends, technology and social media.
ARU Calendar provides class types and registration links
Watch short tutorials on updating your photo, inserting a hyperlink and much more
Sign up for the Daily Drop so you don't miss out on AR's daily happenings
Find answers to most FAQ's
Whatever it is you're into and wherever you are, AR surely has a group for you to join.
Brand, off the wall, specific subject matters…whatever it is you're looking for.
Each time you write a post you can syndicate your post to 5 groups.
And if by chance you don't find what you're looking for, start a new group today!
Get your content in front of more eyes
Search by location or type
Feel free to start your own group
Find some that are close to home and close to heart
Each month AR runs numerous contests as a way for our members to engage in activities
that will boost their business and increase their visibility in the community and beyond.
Earn points by partaking in these contest and climb the leaderboard
Do what's good for you and your business by participating
If you have an idea for a contest, just let us know
Stay motivated and on track with new contests popping up each month
Ask a Real Estate Question
Here's another avenue for you to build relationships with others. Share your expertise with someone searching for answers.
Play the teacher role and help someone out today
Your Homepage will alert you of new questions in your state
A wonderful way to open a door to a possible new client
Ask a question yourself to get help
These state pages or hyper-local pages provide content directly related to a specific geographical location.
State, County, City and Neighborhood pages make it easy for consumers to find what they're looking for.
Post your listings, school information, local events, market reports and more
Consumers peruse these pages for information
Farm your niche market and cover all the happenings in your neighborhood
How do WE prevent a Foreclosure when it is not our responsibility or even within our control? We don’t! We can’t prevent Foreclosures, unless we intend to cover the mortgage payments for everyone that would otherwise go into default. Sometimes, defaults happen and it is THEIR responsibility. How about letting them face the consequences, for defaulting on a loan. Stop being an enabler, and stop treating them like a child that requires a parents protection, even when they are wrong. Borrowers are not children and default proceedings are clearly stated in the Trust Deed.
What is the purpose of a Trust Deed? It defines the terms of the loan and also states what will happen if the borrower defaults, on the loan. The failure to meet the terms of the note results in the house being forfeited. The house is the lender’s collateral to assure that the loan is repaid. It is that simple. Period. When the loan is fully paid, the borrower will receive a reconveyance. When the loan becomes delinquent, a notice of default is to be recorded and the foreclosure begins.
Should we create more programs for the homeowners to hold on to the homes?
No! It is not OUR problem, it is THEIR problem. We don’t need to make it easier. We need to meet Foreclosure deadlines, and complete the Foreclosure process in the manner described in the note. Post default notices on time, post ads regarding sale dates on time and complete the Foreclosure proceeding in an efficient and timely manner. By extending deadlines or creating more programs, we are simply making defaults a more pleasant experience, and it should not be. Where is the incentive to pay on time, when deadlines are pushed out or penalties are forgiven? Homeowners in default are a minority of home owners.
Our gentle approach at easing a defaulting borrower through a delayed Foreclosure is absurd. Then, why do we do it? Guilt. We feel guilty about allowing unqualified people to buy a home, when they could not afford it. Really? I don’t remember doing that. THEY did that, not US.
The bottom line is that many people jumped on the Easy To Qualify loan wagon, and got taken on a ride. But, certainly not everyone. In fact, a small percentage of ALL homeowners are affected, but, unfortunately, everyone is forced to suffer.
WE have already come up with one great program, it’s called a Short Sale.While many see this as a solution and a means to sell homes and solve a problem, it is hugely responsible for plummeting property values. Seriously? Yes, SERIOUSLY! Think about it:
1.There is NO provision in a Deed of Trust for a Short Sale. There is a provision for Foreclosure. Short Sales benefit the agent and providers of services related to the transaction. The seller does NOT benefit monetarily. It allows a borrower to avoid a Foreclosure, when the agreement clearly states that a Foreclosure is the process to be used in the event of a borrower that defaults. When penalties are not administered as stated, the power shifts from the lender to the borrower, and/or, the agent that is the driving force behind a Short Sale. This is not a case of the tail (borrower) wagging the dog (lender), it is the flea (agent) on the tail, that is wagging the dog. Or, at least trying to wag the dog, by convincing them to accept, what is most likely, an undermarket value price.
2.Since when did an agent’s marketing program consist of reducing the price every week that an offer was not received?
Is this really how we go about bringing in the best price? How about the lack of photos and lack of effort in marketing a Short Sale property? How do you justify providing low comparables to a lender to support a lower price? How do justify not submitting ALL of the offers or even allowing ALL of the offers to be seen by a lender? Why aren't YOU accountable, for defrauding the lender by underpricing a property, simply to earn a commission? You think that helping your client avoid a Foreclosure is positive. What about the damage by devaluation, that you have done to the other homes on the street and in the neighborhood? What happened to the good of the many, outweighing the needs of the one?
3.Short Sales don't preserve property value. They destroy property value. Go ahead and argue this point. Tell us how you have driven up property values with your Short Sales success story. You may have helped a borrower in default prevent a Foreclosure and minimize the damage to their credit, but, you have not helped preserve the property values of every other homeowner.
Foreclosures and Short Sales are not positive events, and few people would consider the process to be a pleasant experience. However, there are always winners and losers. The buyer is a winner, they are the new homeowner. The agents completing a Short Sale are winners. The agent that markets an REO property is a winner.
The disgruntled former homeowner is a loser with damaged credit and a grim outlook for several years. They may also have lost their life savings, dignity and pride, while clinging to the hope that a Foreclosure would never occur. But it did. Why? Because THEY failed to make their mortgage payments on time, as required and as agreed to on their note, which they signed. WE are not responsible for their debts and obligations, THEY are responsible and they either meet their obligations or they suffer the consequences. It's not wrongful punishment, it's what THEY agreed to.
STOP trying to change the rules and start enforcing the rules.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.