Archive for December, 2010

The Lost Art of Caring in a Real Estate Transaction

 

CARE

Webster’s Definition : noun 1. the work of caring for or attending to someone or something 2. Judiciousness in avoiding harm or danger 3.  An anxious feeling. 4.  A cause for feeling concern. 5. Attention and Management implying responsibility for safety. 6. Activity involved in maintaining something in good working order. verb 1. Feel concern or interest.2. Provide care for. 3. Prefer or wish to do something. 4.Be in charge of, act on, or dispose of. 5. Be concerned with.

An Acrostic Poem for the word Care:

Contscientious AcoountableResourcefulExceptional.

Over the last 3 years I have been involved working with homeowners, lenders, buyers, attorneys, asset managers, investors, in the distressed real estate market. The more I work in this market the more I see the biggest hurdle as the lack of caring .

It is because we have lost sight of  caring for others that we are in the mess we are in. We have also lost sight of the process of caring or making people care. I strongly believe we have to make people accountable for their actions, bring back the human element which is caring for others into the process or we are all going to be lost for ever.

When working in the distressed real estate market ther tends to be a void one feels. There is no sense of feeling good about a transaction because someones gain is someones loss. This void is compounded by the lack of caring expressed by others in the transaction.

Is the word Caring a lost art in the distressed real estate transaction? I hope not and I hope we realize this collectively as a group because I do care…

Written by Jack Lewitz | Discussion: No Comments »

Things Work Out.. Inspiration Poem for ALL to Share…

I found this poem and want to share it to all because I find we all need to have our spirits lifted when we find ourselves needing it the most..

Things Work Out

Written By: Praveen  |  Category: Life  |  Trackback  |  No Comments  |  1,643 views

Because it rains when we wish it wouldn’t,
Because men do what they often shouldn’t,
Because crops fail, and plans go wrong-
Some of us grumble all day long.
But somehow, in spite of the care and doubt,
It seems at last that things work out.

Because we lose where we hoped to gain,
Because we suffer a little pain,
Because we must work when we’d like to play-
Some of us whimper along life’s way.
But somehow, as day always follows the night,
Most of our troubles work out all right.

Because we cannot forever smile,
Because we must trudge in the dust awhile,
Because we think that the way is long-
Some of us whimper that life’s all wrong.
But somehow we live and our sky grows bright,
And everything seems to work out all right.

So bend to your trouble and meet your care,
For the clouds must break, and the sky grow fair.
Let the rain come down, as it must and will,
But keep on working and hoping still.
For in spite of the grumblers who stand about,
Somehow, it seems, all things work out.

by Edgar Guest

Written by Jack Lewitz | Discussion: No Comments »

Good Advise vs Bad Advise

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Let’s face it there is Good Advise and Bad Advise

I recently met with a Short Sale client of mine and was upset to hear my client recently received what I call Bad advise from two different people.

Both people told my client they should let their home go to foreclosure. I think telling a client to let their home go to foreclosure is terrible advise. I would never tell my clients to do when I think a foreclosure can be prevented.

A foreclosure would be the last thing I would like to see happen to one of my clients and therefore would never suggest to them to give up and let the bank foreclose on their home when I know a Short Sale would be successful.

Even if I did not have an offer I to negotiate with a bank I would still try to do a Deed in Lieu of Foreclosure with one of my clients.

A foreclosure would be the last resort so I say to people Giving Advise “Watch what you Say” and just because its FREE doesn’t mean you do have responsibilities.

 

 

Written by Jack Lewitz | Discussion: No Comments »

Fewer Owners Under Water.. Fact or Crap

I just received an email linking me to an article by RIS Real Estate article which stated that fewer home owners are underwater in their mortgages. This at first sounded like good news but then it went on to qualify that news by saying that this is more likely not the cause of an improved real estate market but because there are more homeowners loosing their home to foreclosure.

I had to stop and think about that for a moment… Is this news at all? and if it is news what is it actually saying? As I see it there are fewer home owners because of foreclosure so of course there would be fewer homeowners underwater. This is like reporting the obvious.

Now if homes are being foreclosed the negative equity in these homes is actually being transfered from the homeowner to the bank and investor and I say is this news? No because if you have been in the business the last year we can see what prices homes have dropped because of the number of foreclosures.

I think this article is a bunch of crap not fact… What do you think.

Written by Jack Lewitz | Discussion: No Comments »

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