I have noticed alot more people in the situation of needing to sell their homes to get out of a bad mortgage situation. I have had some luck in helping the people work with their banks to request a smaller payoff. It makes sense to do this rather than have the rash of forclosures that I anticipate coming up this summer. anyone else who has been able to help people this way please reply, I think that we as REALTORS have a duty to the people we represent to help save these people from forclosure as well aspreventing them from possibly ending up with a predatory investor who buys the home leaving them with a judgement against them.
First Realty Company - Crossville, TN
Michael, I strongly agree with you. It is our duty to do the right thing when it comes to our customers/clients. Thanks for posting this blog.
Apr 01, 2007 02:44 AM
DISCOVER TEXAS HOMES - Round Rock, TX
REAL ESTATE - Shelby Township, MI
Unfortuneatly some banks seem like they don't want to sell houses even though their inventory keeps rising.
-Chris
Apr 01, 2007 04:00 AM
Better Homes and Gardens Real Estate Foothills - Hickory, NC
Hickory NC REALTORS
Sarah:
I put up a link on my website that just brings up the topic....also you may come across alot of FSBO's who are selling without a REALTOR because they cant afford one....if the bank has stared the Forclosure process and they give you permission to deal with the bank then you can negotiate a lower asking price with the bank the best thing is usually the bank will not place a judgement upon the seller but just force them to claim the difference on their taxes for the next year.
Apr 04, 2007 02:12 AM
Rainmaker
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Mike & Kathleen Kelly
Hickory NC REALTORS
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