RE/MAX Chairman Urges Lenders to Release Properties

Real Estate Broker/Owner with Remax 24/7 Real Estate

Dave Liniger, RE/MAX International Chairman and Co-Founder, recently urged government and economic leaders to push lenders to release foreclosures to help speed their short sale processing so the housing market can recover. Liniger made his comments as a featured speaker at the Five Star Government Forum in Washington D.C. The Forum brought government and industry leaders together to share ideas for building stability in the nation's housing market.

A proactive approach and current information is the only way to get things moving. Buyers can be very unfamiliar with the process of short sale, but for banks, this is the best avenue to clear these properties.  Foreclosure is much more expensive, and it does stigmitize the property.  In addition, the buyers excitment for the home decreases as time goes by, unless they are "Getting a Hell of a Deal", otherwise why take in the risk of "as is" homes and waiting and waiting.

I experience it everyday, the frustration of someone who is not familiar with the local market, taking forever to decide if an offer is good or not. They also base their decision on BPO's or apprasials that track past sales, but if the market is declining...those may not be accurate. Don't get me wrong, the bank needs to protect themselves from low values and fraud. Banks need to staff up with qualified people and move these processes to a more resonable time frame. The general public that is familiar with process are ready to buy, but many are reluctant to make offers because the time for approval is to long.

Come on, lets go...the option arm reset storm is coming and lenders need to get there acts togather, and stop beating up on their sales force, we are the front lines for them.


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About Me: I have been in the real estate broker since 1993. I have a BS from University of Wisconsin-Madison (92). I have experience in real estate, land (subdivision) development, new home construction, and mortgage finance. This experience gives me a well round knowledge base of all aspect of a home and I use that knowledge to help sellers and buyers with highly informative sale style.

I am the first nationally certified distressed property expert (CDPE ) in the fox valley area and specialize in Foreclosures and Short sales. What this means? As a CDPE I am a skilled negotiator with banks on a national level and a savvy marketer of real estate. I set the right market determined price and convey the correct information to the banks, I can help successfully facilitate both residential and commercial situations where financial stress and market changes result in non-performing (upside down) loans as it relates to real estate property. This net result to my clients, is faster resolution and reducing long term credit damage.

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Thomas J. Otis Broker Associate; REALTOR®, ABR®, CDPE©, EAH,e-Pro RE/MAX 24/7 Real Estate 2835 W. College Ave. Appleton, WI 54914 Direct: (920) 284-8508 Office: (920) 734-0247 Fax: (920) 560-5438

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Bank Foreclosure and Short Sale Specialist CDPE: Certified Distressed Property Expert EAH: Employer Assisted Housing certified


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