It's always leading back to the government for the cause. Though everybody involved including the consumer add up to the whole mix. Main reason, greed for MORE money! When things were hott in 2003 people were making way more money then they needed to. Honestly a mortgage broker is not supposed to come near the profit that a Realtor makes in the same deal and guess what, they were getting darn close to it. Next issue was having deals get closed that SHOULD NOT have closed. Countless companies are now being audited for this problem and are being shut down! I say good riddens.
As Lisa stated, with all the changes going on where will you be? Hopefully on the right side  I've seen plenty of Realtors, MB, and TC go down recently and my favorite part is that when you check license information 90% of them received their license back right around 2003; the boom. Now let's see who knows there stuff and can hang on and roll with the punches.
Things are improving everyday, don't listen to the media. |
