Broker and lead agent for Peninsula Realty Group based in New Jersey.
Yay! Monmouth MLS made it to the Top 100! Deborah Madey- Broker Peninsula Realty Group,Inc. - New Jersey Deborah@PeninsulaFirst.com
I personally agree with Derek that the result of decreasing supply with a slower release will smooth, rather than hurt the market. Others believe a delay of bringing foreclosures to market will hurt the recovery. But, the evaluation and investigations about robosigning need to be completely divorced from "what's best for the banks? What's best for the economy?" discussions. The fear of "too big to fail" led to rushed decisions of billions in bailout funds with little accountability and provided the ability for mega million compensation bonus payouts. A courtesy blind eye to procedural deficiencies only encourages more bad behavior. It provides more power to a group where power has repeatedly been proven to corrupt. We tell banks that they are so big and so powerful to impact our country, that we will simply roll over, because we are afraid of what will happen if we do not. There are procedural requirements in both civil and criminal laws. Those requirements exist to protect us and a society at large. An example of criminal procedures includes Miranda rights or search warrants. Not one of us wants to see a drug dealer go free on a procedural technicalities. Yet, without those safeguards in place, all of our rights are in jeopardy. It is for that reason that we cannot dismiss procedural legal requirements in civil or criminal matters. We become enraged if a criminal is excused on a technicality. It is, however, that potential public rage which facilitates compliance with the proper legal procedures. Instead of turning a blind eye to lender compliance failures with foreclosures, we should be angry at the banks for any harm brought as a result of their shortcuts or sloppiness. When we say that it's OK to a select group to bypass laws, we simply turn over greater control and authorization for them to do the same again. As a society, we don't want to be there. Deborah Madey- Broker Peninsula Realty Group,Inc. - New Jersey Deborah@PeninsulaFirst.com
How does an MLS determine what is or is not within their service area? The Broker must have an office in that geography? Within 20 minutes of my office I can reach the geographic borders of 3 different MLSs. Who is to say that one specific broker may service a specialty niche and travel a state wide geography that encompasses many MLSs? Deborah Madey- Broker Peninsula Realty Group,Inc. - New Jersey Deborah@PeninsulaFirst.com
