would you say the appraisers who pandered to the lenders and realtors by providing unrealistic appraisals to get properties sold and closed should bear any portion of the blame?
And what about the Realtors who were marketing properties, even into 2008, with the promise that they could be flipped in 6 months or less for a nice profit. They share none of the blame either?
How about the attorneys who were closing the transactions. They're educated; they were handling the foreclosure process for the lenders. Did they not have an obligation to caution the buyers? Or are they exempt also from sharing the accountability?
A betting man might bet you're a Realtor, Broker, or Appraiser.
By the way, did the original Poster get his start in Real Estate Appraisal prior to starting his career as a Realtor?
Now a truly healthy sign is an indication rental rates are increasing. That will fuel better cash flow and bring some investors into the marketplace.
And if the lenders and banks are most accountable, how do you comment on the low interest rates? With the low interest rate levels currently present, and the available inventory of underpriced properties and REO properties and short sale properties, one would think Realtors are having a field day. But they are not. How do you comment on that?
There's enough blame to go around for everyone; so let the Realtors step up and take their share of it. The banks have already been beaten up.
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