Venice Area Homes Blog

I just noticed a Tweet that came across my Tweetdeck that said: 

Lenders by and large are more desperate and insolvent than short sale borrowers. It's a balance sheet, not social services. 

First of all, I totally agree that banks are desperate but not for the same as the tweet opines. Banks are desperate for more control. We are living with our heads in the sand if we can not see the patterns that are developing and how that will one day impact our business in real estate and in life in general. 

I used to say: Follow the money. Well, now I say, Follow the power. It is about power and control. 

How does the author say the banks are insolvent when they are getting TARP money? They are barking up the wrong tree. 

And if anyone- agents, brokers, homeowners and buyers are acting like the banks are social services that is the banks' own doing. They are the ones who set up the "hardship" facade. What is that about? Do you think the banks really care about providing social programs to destitute homeowners? 

Of course not! That is ignorance at best to even believe such a statement. Let's go back to why the banks would even require any type of hardship- 

if it is all about the balance sheet- then they would not give one hoot about anyone's hardship. If it is all about the balance sheet- then the short sale seller should not even have to fill out a financial form or turn in his tax returns or pay stubs. If it truly is about the balance sheet- the banks would do what they have to do to approve short sales based on numbers and nets, not someone's financial, medical or job situation. 

Again, it is all about the power and control. 

And don't even start to kid yourself for one minute to think that the banks really want to work with Realtors®. This is not the case at all. 

Check your ears on the bank lobbies, talk to people in the know at NAR who will actually tell you the truth about what the banksters lobby groups circulate around about the NAR and Realtors®. 

Do you actually believe that the banks took kindly to losing their opportunity to get into the real estate business? Do you think they are fair players in the game of politics? Do you think that they just came out to shake hands and accept defeat? 

Keep your eyes open. Nothing is as it seems. The banks will be back. They lost because NAR is a strong lobby group also. They lost a battle but they still plan to win the war. They will be back through whatever door they can get through, more on that later on. 

Foreclosure Is NOT An Option! Call Nestor and Katerina Gasset today at 561-753-0135 for a confidential interview regarding your options. 

 

Don't Delay! Don't Wait Until The Sheriff Is Knocking On Your Door! Pick up your phone and call us to see if you can avoid foreclosure.

 

 

   

 

 

 

To  view Welington Florida Homes For Sale  Click here. We know  Wellington Florida Real Estate and Wellington Florida Short Sales and will help you get your home Sold if you need to Sell your home and help you buy your home in Palm Beach County Florida: Call us today.

 

   

 

 

        

 

 

Copyright © By Katerina Gasset 2010 * All Rights Reserved* Are Short Sales The New Social Services?*