the Disgrace and Blatant Real Estate Consumer Attack with the Short Sale Phenomena

The National Association of Realtors misled you, they told you over and over it was a good time to buy. A chief economist, TV ads and Realtors in the Field boosted your consumer confidence and the Mortgage Broker and The Realtor along with the Appraiser and the Approval of the willing Lender led the Real Estate Consumer down the path where they would one day, inevitably lose everything.

Lenders knew that they were loaning more money to the buyer then the house was worth, they did not care, they soaked up all the money they could in payments, and all that interest from no money down and low doc (no doc - liars loans) and many lenders SOLD their notes.

Realtors helped appraisers to make sure that property "appraised" so that all would be paid and everyone was so excited, money hand over fist. The Lenders had to know that a collapse was inevitable and no doubt hid assets, and prepared for it. How long can false home values continue to fraudulently rise with no end in site. There was always an end that was ALWAYS coming.

There was NEVER anyone who checked the Realtors SOLD data with the Settlement Statement, no one watching or even caring what the Mortgage Broker was up to, and no one really out to protect, defend or lobby for the rights of the Real Estate Consumer.

The lenders of course can go bankrupt, can get bailouts and on top of all the lies, corruption and deceit that the real estate industry has FORCED on the Real Estate Consumer and with NAR at the Helm of this Ship of Destruction. The National Association of Realtors wants you to believe they are not to blame and that they are innocent bystanders caught up in the same real estate disaster you are... but in Truth they are NOT.

The National Association of Realtors has connections to relocation companies, lenders, mortgage companies, title companies, moving companies and more... and the folks at the top making Billions, well they saw this coming and now the trick is to get that income rolling again by paying for Lobbyists and pushing congress to let that money flow again so that all parts of the NAR Cartel can get back on track.

Meanwhile the Top Dogs have no doubt stashed money, metals and assets and are doing just fine. They not only saw this coming but the folks at the top of the NAR food chain, in my Opinion Created this Disaster that is ruining the lives of millions of real estate consumers. And no one seems to pointing the finger at the National Association of Realtors.

I personally hold NAR accountable for what has happened to my Real Estate Consumers. And no one will convince me otherwise. I have personally seen the lack of integrity, accountability, quality control and ethics from the National Association of Realtors as a Real Estate Broker Owner.

So here we are, your losing your home, we know who I blame and then what. Well now NAR is of course working for buyer, investors as that is what Real Estate Brokers do right? And is NAR lobbying to protect you at this time or is NAR part of taking you down further.

To me it is a Blatant, Disturbing Disgrace that I can bring a Buyer to Buy your Home for Less then YOU, yourself Owe on the Home. Say you Owe $250,000 - and the bank agrees for my buyer to buy for $150,000 so that they don't have to keep the house on the books. Well many banks have already got a bailout for those loans so this money is gravy for them.

So my Investor, Buyer gets your Home for a hundred thousand less then you owe, I get 6% commission and maybe even more if I sell it again for this buyer and YOU, the Real Estate Consumer who supports the Real Estate Industry well YOU get to live in a Hotel.

So, I Feel it is Sick, Wrong and Violates every sense of decency to let you lose your home and let an investor buy for a price that the lender will NOT negotiate for YOU. You should be able to change your loan to what they are willing to take. The thinking I guess is get cashed out and get the loan off the books, problem is many of these investors are getting loans. So the only thing out of the mix and out in the COLD is you the Real Estate Consumer.

Even in the Loan Modification Process I am seeing Companies like Aurora Financing lie to real estate consumers, mislead consumers and refuse to modify loans just to stall the process and collect more interest and then when they do concede they don't lower the loan just the payment. So YOU lose again. And where is the "Voice of Real Estate" when your losing everything after they told you it was a good time to buy?

NAR is Lobbying to get Housing Credits, Get those Loans Rolling and Get you back into debt and paying them and affiliated companies as fast as possible.

It is VERY wrong for My Buyers to be able to by YOUR homes for 40 to 60 percent less then your loan and lenders to NOT be willing to lower your debt even after their billions in bailouts. No matter How you Look at it...
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Crystal L. Cox
Real Estate Industry Whistleblower
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