OK, there was a conversation on another platform that started-off about the increasing mortgage delinquencies as reported by the MBA. Well the conversation transformed a little and started heading down the political road and it inspired me to respond. So, I thought I would share my response with you.
Well...this conversation has gotten deep. Well...deep... LOL! OK, just trying to lighten the mood a little! But obviously the conversation got deep enough for me to come out from under my rock. I tend to try to stay away from conversations when they start to head down the political or religious road. At the same time, I am always as positive as my mind and soul can be. So...Socialism...is a strong political term when speaking of a free-enterprise/Capitalist society. Now I don't deny that the more the government gets involved with business, the more of a Socialist "drift" we appear to have, but I believe that the government involvement is with good intention. The outcome is yet to be seen, but I do believe the government is acting with good intentions. Maybe I'm a Pollyanna.
What the banks, hedge funds, private investors, etc. do with their money, portfolios, non-performing assets is going to be based on business decisions. These entities are going to try to make the best business decision for themselves. These decisions occur many, many levels above us and by the time ripple that resulted from that decision reaches us, it's very diluted and it's difficult to tell what the decision was based on. i.e., "Why would the bank let a property foreclose instead of approving my short-sale?" Maybe it was part of a portfolio they needed to carry over into the next quarter... Who knows, there could be a hundred different reasons.
What it boils down to is that everyone is affected by the same economy. So on our level, we play the hand that is dealt us. Unless we are going to move up the ladder in the decision-making process, then it's difficult to affect change. If we aren't, then maybe we should worry less about the why and focus more on the task. Not to say we should bury our heads in the sand, but unless/until we are in a position to affect change, maybe our efforts are best suited towards individual achievement. How we react to what is dealt us is very individual. Individual achievement is what this country is built on, the opportunity for each person as an individual to take their surroundings and their circumstances and use them to the best of their abilities.
So for me, I'm taking what the economy has produced, REOs and I've built a team that is very good at selling properties for the banks. The big, slow-moving ship called the economy is very slow to turn and I'm just one of the hundreds of REO agents down in the engine room, keeping the engine running.
I'm not saying that anyone is wrong or right and I enjoy reading about everyone's thoughts and opinions, something just inspired me to share mine this time.
Well, that was it!
So if you're going to FiveStar, you CAN be a Piece of the Solution and have fun doing it. The REO Masters Network is sponsoring the Tsunami Party and Charity Event. Proceeds from this event are going to the Foreclosure Angel Foundation. Follow the hyperlinks and check it out!
Comments(2)