Posts from December 6th, 2008

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Realtors Target House Seizures from the Chattanooga Times Free Press

December 6th, 2008 by Anonymous

Find the Chattanooga Times Free Press online at www.timesfreepress.com

Reported by: Jason Reynolds

Saturday, December 6, 2008

Although the government has imposed a moratorium on some foreclosures for the next month, more could be done to save people's homes if lenders and real estate agents worked together, some industry experts say.

"Why isn't every lender ... utilizing Realtors to assist in foreclosure prevention?" Cindy Walker, director of Crye-Leike Realtors' foreclosure division, said. "These are the people that already know the market."

Real estate agents are a logical choice to check on homeowners' financial status, in some instances, said Keith Sanford, executive vice president of First Tennessee Bank in Chattanooga. Realtors have the ability to check on their previous clients, he said, and would know if those clients' finances were ti...

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Categories: Crye-Leike in the News