Top5 - The Four "R's" of Short Sales

The housing market in the Hemet - San Jacinto Valley, CA is at ground zero of the global real estate related crises which can be measured in both epic and historical proportions.

To play the blame game should be left to the historians with their 20-20 hindsight. 

We should all be able to agree that the lack of transparency played a major role by inciting the unrealistic, uncontrollable and unsustainable real estate buying decisions of this past decade.

I have recently become involved with the Top5 Organization sponsored by RIS Media.  An important part of their educational curriculum revolves around Short Sales and a program they call The Four R's of Short Sales.  This program is all about transparency and being made available to the homeowners, the lenders, financial institutions, buyers and the real estate attorneys and agents that manage the short sale transactions.

What I find refreshing about the Top5 publication is that it focuses on the interests of all parties to the short sale and not just the interest of one over another.  Because the interest of each party often conflicts with the interest of one of the other parties, the material provided by the Top5 has been created for all interested parties, including the general public.

I concur with the Top5 in their recommendation to the homeowner to consider all of their options when seeking to resolve a mortgage-related financial challenge.  The Short Sale is only one of numerous paths that may be available.

The Four R's of Short Sales

RECOVER:  Homeowners have the need to "recover" and move on.
RECOUP:  Lenders have the need and right to "recoup" as much of their loan balance as possible.
REAP:  Buyers have the right to expect to "reap" the benefits of their decision to buy in this market.
RENDER:  Attorneys and real estate agents need to know how to best "render" their suitable and appropriate skills and services for the betterment of their clients and the community.