BrokerageIndustry News

Short-sale team singles out lenders

Real estate franchisor requests removal of online videos

A team of Arizona-based agents specializing in short sales has ruffled feathers in the lending industry by posting videos that they hoped would expose ways in which decisions by lenders can derail short-sale transactions.The agents -- Kevin Kauffman and Fred Weaver, who do business as Group 46:10 -- say they agreed to pull several videos in which they discussed their dealings with JPMorgan Chase when their franchise, Keller Williams Realty, was threatened with a lawsuit.Kauffman said it's his understanding, based on communications with Keller Williams management, that Chase was also threatening to pull its real estate-owned (REO) listings from Keller Williams if the videos in question were not removed. A Chase spokesman declined to comment on the allegation that Chase threatened to pull its REO business from Keller Williams.He said U.S. Bank apparently stopped working with Keller Williams agents around the country on short-sale transactions for one week, allegedly in retaliation for an...

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