REALTORS NEED TO STEP UP, OWN UP AND THINK LARGER

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It’s a sad day when a belief dies.  In this case it’s my belief in Geeks.  Geeks have had my respect and admiration, usually tinged with awe for their depth of knowledge and expertise in whatever their specialty.   I’ve known I could count on Geeks…until now.  Are these two self-appointed “geeks” purposely withholding information or are they really that uninformed?  I’m stunned that they believe the only caution to purchasing a foreclosed home is because the banks sell them “as is”!!  For those of you who follow this blog please bear with me while I repeat:

What about telling the potential buyer of a foreclosed property:

1-that the moment they sign the paperwork they are underwater?

2-that they will be unable to get title insurance worth the paper it’s written on?

3-that they will likely never get clear title even if they paid cash up front for the whole purchase, or at least not without extensive research, time and legal expense and even then it’s just a possibility.

4-that they face the very real possibility of the foreclosed owner coming back for their property and the courts kicking them, the new buyer out

5-that anyone with their name attached to the property, including the real estate agent, could be facing future law suits for not informing the new buyers of the above.

There’s SO much information circulating now about what Wall Street did, about the pretender lender banks and the impact of it all, how can anyone plead naiveté especially if they call themselves an expert, a Geek?  So why would any realtor lead a potential buyer to the slaughter?

There are realtors who know the difference between right and wrong.  Realtors who have even quit their career in real estate when they realized they were nothing but pawns of the pretender lenders.  Realtors who are feeling a sense of shame for being part of the scam.  

You see Wall Street didn’t just change the rules of the game, they changed the game.  Realtors were once admired for their knowledge and the assistance they provided to buyers and sellers and they were respected as an essential part of the growth of our communities.  But real estate is no longer about the buying and selling of homes.  There’s no pride in that anymore because that’s not what it’s about anymore.  

Pretender lenders bank on realtors as an essential cog in their wheel of destruction going around and around.  They say everyone has their price, that anyone can be bought, but really, if you knew that you were aiding and abetting the largest financial crime in the history of the world, wouldn’t you try to do something about it in your own corner of the world?  Let the pretender lenders do their own dirty work.

Start caring enough to really inform potential buyers about what’s going on.  Think about it.  Do realtors not own houses too?  What makes them believe they are immune from what the rest of the world is going through?  Start reading your own mortgage documents and what you believe is your own title insurance.  

And to these two who wrote this article, stop using the title “Geek”.  It’s an insult to Geeks the world over who actually know their stuff.

Tags: bankruptcy, borrower, countrywide, disclosure, foreclosure, foreclosure defense, foreclosure offense, foreclosures, fraud, LOAN MODIFICATION, modification, quiet title, rescission, RESPA, securitization, TILA audit, trustee, WEISBAND
Posted in bubble, Corruption, Eviction, securities fraud |