Foreclosure - Bad Press For Realtors - Should Professionals Demand Retainer Fees For Foreclosure Services?

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Are you a realtor who specialize helping homeowners who are in foreclosure?  Do you have homeowners seek you out because of your experience and reputation as a foreclosure expert?  How do you fight all of the negative press about the amount of foreclosure scams and realtors who do nothing for there clients in foreclosure? 

Here is some very important information to homeowners in foreclosure.   Not all realtors, mortgage brokers, and foreclosure assistance companies looking to provide a service to people in foreclosure are scam artist.

If you look on the net all you read about in the press is the foreclosure scams, and people being taken advantage of by professional scam artist?  What about those professional realtors who are really providing negotiation services, loan modifications approvals and selling homes in foreclosure through short sales.  I am not the only realtor preventing homeowners from loosing there home to foreclosure?  There are plenty of good realtors out there, that are helping people avoid foreclosure and save there credit.  

If I was in foreclosure, searching for help, I would be scared to DEATH to choose anyone to help me out due to  all of the negative information out there. If I was a consumer the only organizations that appear NOT to be foreclosure artist are non-profit hud approved organizations, and hud counselors.  I agree that those non-profit organizations are very neccessary and valuable resource to homeowners, but they are not the only option. (It is a free option for homeowner's, and by all means go to  Most non-profit foreclosure companies are also being flooded with calls and provide the one-on-one assistance in a timely manner to homeowners behind on payments and going to auction within 30 days. Why aren't homeowners able to find the right realtors help them for that one on one personal touch? I think it's due to the negative press!

There is also an abundance of FREE information all over the web, explaining how to properly negotiate loan modifications, loan reinstatements, and short sales, the problem is most homeowners who are behind on payments are really embarrassed and rarely want to explain to multiple sources why they are behind on payments.  Other homeowners simply do not have the time or PATIENCE to effectively solve there foreclosure problem. There are some really good realtors out there, attempting to hep home owners and there are alot of realtors that are NOT a non-profit professional, and must be compensated for there time and effort.  They are professionals!  What is wrong with paying a GOOD realtor to help a homeowner out of foreclosure?

My question is, why aren't more realtors who are good at what they do, (including foreclosure and short sales) not standing up to the bad press and demanding retainer fees for there expertise?  I know quite of few realtors who are excellent at working short sales, some charge there clients other's do not.  Those that do not charge there clients a retainer may have an interest in the short sale, because they are able to sell the property, however there is no compensation available when working out a loan modification and or hardship.

There are no gurantees that a short sale will be approved, however some realtors are better and more experienced at what they do and should be able to demand a fee from individuals who are in foreclosure. I do not feel this is unethical.  If a realtor feels that there experience and professionalism demands a retainer, this does not mean they are scamming the individuals in foreclosure, this simply means that they have placed a  value on there  time and experience. 

Realtors are NOT non-profit organizations, they are professionals involved in the purchase and sale of real estate.  Why shouldn't an expert realtor charge for there expertise, if they are going to negotiate a loan modification.  Lawyers are charging retaining fees for there services, but realtors and professionals are suppose to operate for free when it comes to foreclosure?

I am a frustrated professional with the amount of bad press out there about realtors and foreclosure rescue companies.  All realtors and foreclosure rescue companies are not bad!   Some of us, are very good at what we do, and are actually helping homeowners in foreclosure.  If you are good at what you do, why shouldn't realtors be compensated for there services?   Yes many homeowners could negotiate on there on behalf, just as I could do my own yard work, or defend myself in court, however at the end of the day, I am willing to pay someone who is a professional to assist me, because I simply believe in hiring an expert to save myself time and grief.

Professional Realtor Working With Homeowners In Foreclosure.

Realtors Please Post Up, I want to here your feed back?

Posted by

Jamar James

Keystone Realty Group

949-203-3907 Office

714-385-7443- Cell

License No# 01945182


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Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Absolutely on the same page regarding retainer fees for short sale listings.

Jun 25, 2010 03:17 AM #1
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