We've all heard that phrase resonate throughout our industry as we deal with the banks and try to pick up the pieces for our clients in desperate need of a loan modification or short pay. (Advil, anyone?) The newspapers and high end politicians blithly tout the virtues of these programs to the public (really?) and have little idea as to what's truly occuring in the trenches.
The reality is a lot of unfair treatment by banks on loan modifications, short pays or foreclosures....Some of it simply defies common sense. We all have some nightmarish stories and it doesn't seem to be abating.
From my recent blog, "Ventura County Realtors are in the process of forming a focus group (Realtors, lenders, escrow officers, etc.) to present to Congresswoman Lois Capps and Representative Elton Gallegly. Both have expressed a desire to meet with us and provide a package of these stories to higher political offices."... We now have dates.
March 8, 2010 10 AM Please join us to contribute your experiences so we can formulate our presentations. I know you all have at least one! (Held at Aliso Escrow.)
March 18, 2010 9 AM Meeting with Rep. Gallegly's office (Held at VCCAR office)
March 24, 2010 9 AM Meeting with Congresswoman Capps office (Held at VCCAR office)
We need to create a groundswell of awareness with the people who have the power to exert some pressure on the lending institutions to expedite the processes. If you don't sell Ventura County Real Estate, you can get the ball rolling in your own area.
Give me a holler if you want more information- more to follow!