I’ve been investing in real estate since 2006. My first closed, money-making deal was almost to the day 5 years ago. I negotiated and closed a local short sale, did a little minor refreshing to the property and resold it quickly for about a 40K profit.
In those days most realtors had not been around long enough to have done, or even know about short sales. There was a LOT of resistance. I was told by agents that a short sale was illegal, it wouldn’t work, you could only list the property as low as the loan amount, etc. It took quite awhile for the agents to come to understand what was going on, that Short Sales were, and still are, the bulk of the business being done. And the real estate agent herd has been radically thinned. And those that are left for the most part have seen their income radically thinned.
Here we are in the fall of 2011 and Short Sales and REO’s (lender owned properties) are still the bulk of the business. Every one of those transactions involves a family having to leave their home. And as far as most agents are concerned there really is no option for a family to not have to move. Sure, the process can be delayed, but utimately, they’re leaving. Leaving schools, friends, neighbors, tearing the very fabric of their lives.
You’ll notice I referred to “most agents”. There are some, the smart, the resourceful, the successful, who have discovered that there is a way to keep families in their homes AND get paid, and paid well. The smart agents have aligned themselves with Bella Homes, LLC and are helping homeowners stay home with payments reduced by about 1/2.
Then there are the dinosaurs, those that don’t mind the heartache of families being uprooted, because as dinosaurs they have a very limited perspective. They’ll say things like, “you can’t do that, it’s illegal” or “the banks won’t allow it” or “that doesn’t work.” All the same things said in the last age of dinosaurs.
But they are sadly misguided and mistaken. Bella Homes, LLC is an honest, ethical, legal alternative to a short sale, a deed in lieu of foreclosure or just letting a property go to foreclosure. To quote from the Bella website “Bella Homes, LLC is the result of a collaboration of some of the best legal minds in the nation and is founded upon the fundamental principle that families, not banks, should own homes. We proudly stand out as an ethical and legitimate alternative to those less credible companies whose predatory tactics do nothing but exploit the homeowner’ financial predicament.
We are committed to helping troubled homeowners remain in their homes and secure them for long time use. Our program, which addresses a number of financial crises, is compliant with both state and federal law, is endorsed by the legal community.”
We all know what happened to the dinosaurs; the climate changed, but they didn’t adapt. The real estate climate changed a few years ago and a whole lot of agents didn’t adapt and now they’re gone. The climate is changing again; it’s about families owning homes, not banks. My advice is, adapt or disappear.
For a full look at the Bella opportunity, for both representatives and homeowners, go to http://douglas.whybellahomes.com and investigate fully.
One last thing; agents, do what you do best and help a family STAY home.