Do you have any experience in Commercial Real Estate? If so, do you have the CCIM or any commercial designations? How many commercial transactions and dollar volume have you CLOSED?
I have some limited commerical expericence.
About Me/Profile of yourself: - Please add your Brokerage Company name also!
I did my first short sale 17 years ago, during the last downturn in the Market. My many years in the Federal Banking System allow me a greater degree of understanding in this market that someone who was not as lucky to have the broad range of experience.
This year I agreed to serve on the California Association of Realtor Distressed Property Task Force and have met with on of the National largest Bank, been involved in Full Newspaper Ads in all the Major. Ca. Print Media. I work daily in concert with CAR staff to bring the street level view to them and our elected officials.
Much of what I am seeing is an issue of profit over ethics and fairness. One National Bank is trying very hard to connect Loan Departments and Loss Mitigation. This to me seems to be a bad idea based on volume of distressed properties. More on to follow in blog format.
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April 29, 2101
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You may find the comments of this Vice President of Bank of America very interesting. He talks about the "Vindictive Investors" they represent, who demand more than market value from short sales. This is part of what creates a failed business model for Realtors in Short Sale Transactions.. ... Will they wake up...??? They do not have to represent these investors. … Continue
Then you can go to Highlights of the V.P. from Bank of America in the Western Region. I see major confusion within their system. The 5 or more HAFA subcontractors do not all dance to the same fiddler. In fact its time we as member of our community call them to task. We…
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