Banks, Short Sales, HOGWASH

By
Real Estate Broker/Owner with RE/MAX Southern Realty, Southern Resort

I held a Master-Mind meeting this past Friday. There where about 20 agents, 1 appraiser, Title agent and a 1 commercial and 1 Residential lender.  Topics we discussed about this wild and crazy market. Appraisers are using short sales and foreclosures for comps. They are also using active listings that are on the low side.  This is going to kill our business for a long time.  Listing a short sale can also hurt the seller. A lot of agents are avoiding showing them because the banks are taking so long for a answer. They are just not prepared for all this. Hogwash!!!  They created this mess in the first place and now they are driving it down. Why don't they hire all those laid of mortgage brokers and get ur done.

Comments (1)

Michael Wayne Jackson
Coldwell Banker - Novato, CA
Broker - Seniors Real Estate Specialist Novato

All of these banks are way under staffed Kerry. Good points here on the comparables too.

Jul 21, 2008 07:33 AM