By Frank Dickens, 2007 AAR President
“Close 30 Short Sale Transactions a month!”
“Make $100,000.00 a year selling Bank Owned Properties!”
“Walk away from your debt free!”
Agents are inundated with claims that short sales and foreclosures are the new super-charged revenue generators. Homeowners who have a “Trustees Sale” notice filed receive daily junk mail with “we can help” claims. Do they work?
2009 AAR President Mike Wasmann has appointed a Presidential Advisory Group to identify current issues in the continuing short sale and REO market dominating our real estate economy. Members like J.T. Tsighis of Tucson are serving our NATIONAL ASSOCIATION OF REALTORS® by monitoring our current market and creating tools to assist our members.
In response to emerging trends we are proud to dedicate the next three issues of the Arizona REALTOR® Magazine to short sales, foreclosures, and REO properties. The March, April and May issues will provide information for our members to proactively approach the current market, reduce risks associated with transactions, and provide resources for your clients to obtain the best advice in how to react to their situation.
The fact is there is no magic fix to working with short sales, selling REO properties, or assisting homeowners in retaining their homes. Members must be aware of the potential in the emerging market and assisting property owners; however, our market is not without risks and the need for the best information and tools available.
In the coming months AAR will be aggregating already available resources like the “Short Sale Work Flow” available from NAR, and common links to the best information for your production. Industry partners, attorneys, E&O carriers and experienced brokers will share their expertise in the market.
Our goal is to provide the best information available to assist you in becoming productive, minimizing risks, and helping your clients in these turbulent times. Our hope is the AAR family will help you become the best you can be with the best tools available.
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© 2009