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How Worthless is the Point of Contact Assigned a Distressed Homeowner?

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Real Estate Agent with Elizabeth Anne Weintraub, Broker DRE #00697006

Sometimes, you've got to wonder how any bills ever make it out of the California legislature alive. After they are torn into shreds between committees, the Senate, the House, and stomped on, chewed up and spit out for breakfast. I give you, for example, the POC in the California Homeowner Bill of Rights. Well meaning, good intentions, but it seems to cause more problems than it prevents or cures as banks struggle to comply.

Read more on my personal blog today about The Point of Contact in the Real Estate Business.

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Elizabeth Weintraub is co-partner of Weintraub & Wallace Team of Top Producing Realtors, an author, home buying expert at The Balance, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown, Carmichael and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Call Elizabeth Weintraub at 916.233.6759. Put our combined 80 years of real estate experience to work for you. Broker-Associate at RE/MAX Gold. DRE License # 00697006.

Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of RE/MAX Gold. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.

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Wika Hutchinson
Eugene, OR
Broker, CRIS, SFR, CDPE
Elizabeth, sometime it is frustrating to deal with the point of contact (PoC) that is assigned by large banks or large financial institutions. On a rare occasion I would deal with someone who is very responsive (Did I say rare?)
Feb 04, 2013 01:06 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

I sometimes think what we are experiencing with our economic ills, and the government's attempts to remedy, as a case of Dumb and Dumber!

Feb 04, 2013 02:03 AM
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

A timely post.  Just got an email from a Short Sale Seller today.  She was so excited to tell me she had a personal POC at the bank.  They are really not worth much.  

Feb 04, 2013 09:11 AM
James Dray
Fathom Realty - Bentonville, AR

Well now Elizabeth I think you are frustrated about something.  I also sense you would like to say things that would get you censored in this forum.  I may be wrong but I don't think so.  Besides it's done so live with it.  Have an adult beverage and calm down.  :~)

Feb 04, 2013 08:00 PM
Elizabeth Weintraub Sacramento Broker
Elizabeth Anne Weintraub, Broker - Sacramento, CA
Put 40 years of experience to work for you

Hi Chris Ann: I think a POC is a step in the right direction for borrowers, but it doens't quite go far enough and, in some instances, it causes even more problems.

Hi James: Au contraire, sugar bear. I am never afraid to say anything. You should know that about me by now.

Feb 04, 2013 11:50 PM
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Elizabeth Weintraub Sacramento Broker

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Service Areas

  • Sacramento, CA
  • Elk Grove, CA
  • Roseville, CA
  • Carmichael, CA
  • West Sacramento, CA
  • Roseville, CA
  • Land Park, Sacramento
  • East Sacramento, Sacramento
  • Natomas, Sacramento

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Broker-Associate at RE/MAX Gold, Midtown and Sierra Oaks Sacramento office. Co-partner Weintraub & Wallace Realtors. Selling since 1974. Homebuying expert at The Balance. Weintraub & Wallace sells homes from Galt to Lincoln.
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Author Bio: Elizabeth Weintraub is a Sacramento real estate broker, author, home buying expert for The Balance, a Land Park resident, who specializes not only in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento but sells extensively from Elk Grove to Lincoln. Weintraub is prominently known as the #1 Sacramento Short Sale agent throughout the Sacramento four-county area. Call Elizabeth Weintraub at 916.233.6759. Put 40+ years of real estate experience to work for you.

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