(586) 677-5000
Macomb County husband and wife real estate team and broker owners of Realty Executives e-Group. We have serviced the Macomb County area since 1987.
Slap in the face is an understatement. This makes me sick - where is NAR? Where is our government? NAR fought to keep the banks out of our business but they walked right in the back door. These guys should have gone to jail like Bernie Madoff only now they are allowing them to clean up the mess They created!! The banks have made bank agents basically employees by telling them what to do. They are no longer real estate agents they are order takers - they have helped ruin the market. Now we are going to allow the crooks in the business as agents??? Here's just a few examples of how they operate now - the banks and especially CW/BA hold sellers and agents captive for months and months while doing a short sale. Buyers and buyer agents have no control in the deal anymore - the bank says what to sign and where. Here in Macomb County MI the banks have managed to totally ruin the market - we are seeing 1980 prices in half of our county. Allowing this to happen will not help the problem it will increase the problem. More and more will just stop making payments if they know they will offer you 50% off your mortgage. Yes I too am outraged Danny!!!
Teresa last year we opened our own brokerage too, just a small office but very quaint, not all the fluff of the 1990's. We use it just for meetings clients since we work out of the house. While some of the big brokers in our area are dying on the vine we are doing just fine in our little space with very little overhead and like you our clients don't mind a bit. For us real estate used to be 80% repeat and referral but last year we found ourselves doing almost 50% from the web with brand new clients. Times they are a changing. Just glad I followed some of the web leaders like you. Congrats on your move.
Great article. Way too many went out a thin limb and should have never bought. Their lack of financial responsibility is drastically effecting the neighborhood. Yet the govt offers them programs and most will not even use them. Where as their neighbors did nothing wrong, want to keep there good credit and either refinance or move but there are No programs for them. Yet these are the folks that will help our RE markets and our economy get back on track. As for the investors not being helped this too is wrong. We are the ones that will be renting to the ones who foreclose. If we are not helped we can not pass it along to the renters. Something needs to change. Cindy Knight
