NAR Conducts Bank Performance Survey for Distressed Sales

Real Estate Broker/Owner with Pro Players Realty

I suspect there are two camps of people who like to fill out surveys -- those who are busting at the seams for the chance to share glowing reviews and those with a rant or need to vent, and not much else in between.

Put me in the rant camp. It's a lot more fun, for example, to read an Ebert movie review of a bad movie than a good one. But you can imagine my delight when I discovered that the National Association of Realtors was conducting a survey among its members. NAR is interested in hearing about the experiences of agents nationwide who are working with the four largest lenders in distressed transactions.

The lenders are Bank of America, CitiMortgage, Wells Fargo Bank and J. P. Morgan Chase. NAR is meeting with these lenders to discuss the ongoing challenges we in the industry face. You might want to contact your REALTOR® or NAR if you've got a gripe that you want heard. Anybody who bought or sold a distressed property over the past four years most likely has a complaint.

Comments (0)