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Short Sales VS Forclosures - A Hint for The Lending Industry - Part III

By
Real Estate Agent with Realty Executives, Tucson Elite

Ok, so the last time we left, "That Guy", he had been summond to the office of "The Boss". We enter today's blog with "That Guy" questioning everyone he can corner at the water cooler, as to why "The Boss" suddenly wished to see him. He pointed out to anyone that would listen (mostly as they were fleeing the feeble attempt at idle conversation) that he had not even seen "The Boss" since the holiday party, wherein "The Boss" had requested he leave the event early, due to a misunderstanding regarding a purported off-color joke told to the Executive Assistant's pool.

At any rate, "That Guy" reluctantly arrives at the door of "The Boss", promptly at 10 minutes past his appointed time. As he begins his well rehearsed excuse for his tardiness, "The Boss" interupts his babble, cutting him in mid-sentence with, "...Just exactly what were you thinking, when you stamped 14 files of Arizona Real Estate...to be exact, 7 files from Oro Valley, 4 Files from Northwest Tucson, 2 files from Stone Canyon and 1 file from Saguaro Ranch with some bloody red "NO" stamp? Do you not realize that these are attempted or requested offers for Short Sales, that can prevent BANK FORECLOSURES!!!???".

"That Guy" simply stands, jaw open, cavities glistening so brightly it nearly blinds "The Boss", with a confused "deer-in-the-headlights" look upon his face. "Do you not have anything to say for yourself? Do you not know that your job is Loss Mitigation? Do you know the difference between the words Mitigation and Prevention?". "That Guy", thinks for a minute...<insert thinking cloud here> "Hmm..."The Boss" must mean the difference between Loss Mitigation and Loss Elimination, with Elimination being the point of contention for sure; afterall, just how macho does either word, Mitigation or Prevention sound?", as he drifts back into his "Terminator" fantasy. Just as "That Guy" is once again envisioning the Harley start..."Are you listening to me!?!?!?", bellows "The Boss".

*SNAP* Back to reality, yet again! "That Guy" suddendly decides that silence might be his best recourse, albeit not his strong suit, he remains mute...besides, "The Boss" will probably clear up this current confusion with his next statement anyway.

"Ok, I am going to make it this very simple for you...just to match your apparent intellect, or lack thereof. I got a phone call this morning from, "The Professional", he is a REALTOR®, and a Buyer's Representative, representing the best interests of a Seller in an impending foreclosure situation. "The Professional stated that that he and his team had submitted a Short Sale Offer to your office for review. He said, without even further discussion, he received this "NO!"-stamped rejection letter from our Loss Mitigation department...more succintly, YOU!" "That Guy" suddenly feels his knees weaken, and his palms begin to sweat...

What does "That Guy" say next? What will "The Boss" do next? Tune in tommorrow, as the saga continues...and we hear "That Guy" whine, "But, Sir, isn't it my job to SAVE "The Bank" money? I thought with my desk so clear and a sound response reflecting "The Bank's" clear position to these irresponsible debtors asking ridiculous relief of thier self-created financial troubles, would be a good thing. Why do you appear to be less than pleased with these actions? I have fought the good fight, protecting the interests of "The Bank"!" Have I not? <insert organ music here> And what about..."The Seller"?

  

Life's A Grin!

-=Dan

Susan Davis
Austin, TX
Excellence Advocate
Ok Dan..... are you sure you dont write comics for side job?
Mar 03, 2008 03:52 PM