Lenders are Pushing Agents Out of the Market...Have You Noticed?

By
Real Estate Agent with Keller Williams

Are Lenders trying to control the market by dictating which Short Sales get approved and which don’t? May they believe that they can be a better gauge of fair market value by dealing directly with the Buyers and dictating to the REO agent what their price point will be?

I hope not, but if they do believe that then it spells a difficult time for agents across the country. This is a way for big business to manipulate the market and try to control inventory, prices and sales. I mean they are trying to get a program passed in which they would be able to lease these properties to the homeowners they helped foreclose, thereby controlling when that property goes back onto the market as a sale. They will be doing this while having the Foreclosed homeowner subsidize their wait.

The program does nothing to help stave off the mounting Foreclosures, quite the contrary it will accelerate them. They can stall and drag on Short Sales that don’t meet their criteria so they could hold onto that property until they deem the right time to sell. Whether this works or not, I don’t know…but it something we should all be leery of because it can directly impact our industry. The Lenders will have much, much more control that we ever thought.

Realtors are a snobby bunch, most of us can agree, thinking the world of real estate can’t function without them, undoubtedly a great marketing campaign by NAR to convince everyone of that.But please don't miss what is happening. Lenders are smarter than we give them credit for even though we may not understand their tactics. Our not understanding what they do does not make them dumb, it makes us short sighted.

 

 

 

Have you ever noticed that when you must struggle to hear something,

you close your eyes?

And if our eyes are closed...we cannot see what is in front of us.

Posted by

Sidney Jimenez, CDPE

www.RoadtoForeclosureRelief.com

www.SidneyJimenez.com

Contact Me: 954-665-9449

Or Send Me an Email to Go Over Your Foreclosure Relief Options: Info@SidneyJimenez.com

Sidney Jimenez is a Certified Distressed Property Expert and can help you with all your options to avoid a Foreclosure in Pembroke Pines, Miramar, Coral Springs, Margate, Davie, Weston, Southwest Ranches and the neighboring cities in South Florida. You can count on Sidney’s expertise to handle your Short Sale, he’s “Delivering Winning Results”

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Rainer
62,195
Alix Pinzon
Open Mortgage, LLC NMLS # 2975 - Downey, CA
(562)743-6086

Anyone who banks at any of the larger and powerful institutions, are likely feeding the fire.  Corporate America, isn't it a beautiful place?

Sep 25, 2009 05:21 AM #1
Rainmaker
508,942
C. Lloyd McKenzie
Albuquerque, NM
Living Albuquerque

Sidney,

This blog is ahead of its time.  It is 2010 and many agents have moved on to other professions and there are more foreclosure problems than before.  The govt needs to clamp down on the banks.  They are the crooks

Jun 26, 2010 04:47 PM #2
Rainmaker
508,942
C. Lloyd McKenzie
Albuquerque, NM
Living Albuquerque

Just stopping by to wish you a Happy Easter

Apr 23, 2011 04:47 PM #3
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Rainer
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Sidney Jimenez

CDPE, Short Sale Expert, 954-665-9449,
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