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Myth #11: That non-profits agencies are the ONLY option consumers should have for default counseling and other real estate professionals (especially REALTORS) should stick to selling houses and keep their nose out of foreclosure intervention.
Reality: As stated above, many borrowers who need help are prohibited by income from receiving help because their income is too high. Even if they were not, non-profit agencies across the country are staggering under the volume of requests for help. While they are reluctant to see any other professionals step onto what is perceived by many to be “their turf’ consumers need help; they need it today not four months from now.
Reason: The shocking answer if that a turf war has emerged over who should claim the defaulted borrower. Should it be the lender? (whom the consumer does not trust and who has made no inroads in connecting with such borrowers). Should it be non-profits who gleefully tell everyone ‘that is our job”? (while distraught borrowers by the HUNDREDS in HUNDREDS of thousands say they called the toll-free number to no avail. Funding, staffing and training are the issues for the organization and the politicians. The consumer issue is they are in default NOW and need someone who can provide them with some clarity and direction NOW. Many will disagree but I am the author of this article and I believe that history will show that real estate professionals will step to fill that gap in significant ways during the next 3-5 years as we see this housing crisis run its course.
Copyright © 2008, Home Ownership Matters, LLC. All Rights Reserved.
(Please E-mail Heather at homeownershipmatters@gmail.com with any questions, comments or concerns you might have! We appreciate all comments and feedback, so please don't be shy.)
Reality: As stated above, many borrowers who need help are prohibited by income from receiving help because their income is too high. Even if they were not, non-profit agencies across the country are staggering under the volume of requests for help. While they are reluctant to see any other professionals step onto what is perceived by many to be “their turf’ consumers need help; they need it today not four months from now.
Reason: The shocking answer if that a turf war has emerged over who should claim the defaulted borrower. Should it be the lender? (whom the consumer does not trust and who has made no inroads in connecting with such borrowers). Should it be non-profits who gleefully tell everyone ‘that is our job”? (while distraught borrowers by the HUNDREDS in HUNDREDS of thousands say they called the toll-free number to no avail. Funding, staffing and training are the issues for the organization and the politicians. The consumer issue is they are in default NOW and need someone who can provide them with some clarity and direction NOW. Many will disagree but I am the author of this article and I believe that history will show that real estate professionals will step to fill that gap in significant ways during the next 3-5 years as we see this housing crisis run its course.
Copyright © 2008, Home Ownership Matters, LLC. All Rights Reserved.
(Please E-mail Heather at homeownershipmatters@gmail.com with any questions, comments or concerns you might have! We appreciate all comments and feedback, so please don't be shy.)
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