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This article is a terrific assessment of the skills and tools necessary to survive and build business opprotunities moving forward. I have always believed that when a crisis presents itself, that crisis also opens the door to doing great things...the roamap to recovery is the positive step we need to create those new opportunities to do great things for our clients and our business.
Many states have enacted legislation to prosecute to the fullest extent of the law these Mortage Rescue Scam Companies. I believe what is so badly needed is a message of warning to these distressed homeowners. "If it sounds to good to be true...then it is probably a false claim of rescue." Homeowners need to be warned not to sign ANY documents for the rescue of their homes to ANYONE without qualified legal advisors reviewing the paperwork. Unfortunately, many homeonwers in distress are looking for the "magic" solution and these scam artists prey upon the distressed homeowner. Many local housing groups offer counseling to distressed homeowners and as real estate professionals speaking to distressed homwonerers, I believe it is our obligation to advise sellers to seek assistance from legitimate resources. Many sellers do not know that the first place they should turn is to their lender.
No matter what a broker charges for services provided to sellers & buyers, brokers & agents must be capable of explaining and understanding their value proposition. Consumers must see the value of the brokerage represenation in order to agree to pay whatever the fee may be for the expertise of the real estate professional. The Internet does offer information however, to think that the internet provides the SERVICES that buyers and sellers need to successfully complete transactions in today's marketplace, in my opinion, would be a huge error in judgement. I believe most sellers think the less they pay for services of brokerage, the more they net...most often, I don't believe that is an accurate assessment.