Inman AM: Real estate's down-and-outers

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ADVERTISEMENT Enhance efficiencies and surpass the competition with LPS Applied Analytics' CompLocator, a state-of-the-art search engine that generates high-quality sales comparable reports. Click here or call 866.964.8343 to get your free trial today. TODAY'S TOP STORIES = Premium Member News - Join Now » Wednesday, March 03, 2010 Real estate's down-and-outers Part 1: 'Rebuilding Homeownership.' By MATT CARTER Long after the global financial crisis subsides and the U.S. economy is again creating jobs, many former homeowners may find it hard to convince lenders to give them the time of day. Bankruptcies and foreclosures are leaving lasting scars on millions of borrowers' credit reports, and many will be unable to obtain a mortgage for years to come. Even those who hang onto their homes are seeing their credit dinged after missing payments on their mortgage, car loan, or credit cards. More » A home for the ages Making it multigenerational Honesty, integrity and dual agency Take a 5-minute survey for a chance to win $200 Estately expands in Mid-Atlantic region Company Web site offers over 500,000 listings OTHER TOP STORIES Keep credit problems in check Home prices gain in 4 of 9 U.S. regions BH&G Real Estate grows in South Florida Survey: Real Estate in the Year 2020 The dual-agency 'slam dunk' New inspector seeks foot in the door Latest News » READER COMMENT "(T)he thought that agents will become more like employees with bonus structures and less as entrepreneurs seems unlikely. Imagine for the moment that all agents become employees ... at minimum wage. Do you really expect ... brokerages promising to take on that cost? As currently designed, it benefits a brokerage to have a ton of agents, because the agents are solely responsible for and manage their own costs and the brokerage benefits on the sale without the cost risk." --Robert T. Boyer	ADVERTISEMENT Real Estate Connect SF 2010 - New location! Hilton San Francisco Union Square - July 13-15, 2010. Only 4 weeks left for Early Bird Pricing - sign up by 3/19 to save over $300! Register Today! MOST E-MAILED 5 arguments for open houses Are you making a $16M mistake? Move offers deep search tool to MLSs
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