Realtors demand fair distribution of foreclosed property listings sign now

We the under signed, Realtors of the United States of America now possess a direct interest (as a direct result of TARP, Troubled Asset Relief Program) in variety of different lenders that are selling their toxic real estate assets through an overtly low percentage of fellow real estate agents.

The lenders disposing these real estate assets have made it exceedingly difficult and in many cases impossible, for the vast majority of Realtors to fairly compete for this business. In point of fact, empirical data reveals that .006\% of Realtors are listing and selling 95\% of all REO Properties (bank owned real estate). With many markets around the country being totally dominated with foreclosure sales only, the rest of the industry of over 1 million Realtors has nothing left to compete for.

We believe, it is within our constitutional rights as citizens of the United States, and "now" stakeholders in these banks, to demand a fair and equitable involvement in who facilitates the liquidation (sales/listings) of these bank owned real estate assets.

The unbalanced percentage of market share being given to this small number of agents is creating greater shortfall for lenders. Realtors listing and selling bank owned property have vast inventories with business models that do not have the capacity to manage them effectively. The result is bank owned property market times are longer and purchase prices are less; making the net financial cost on the American taxpayer, greater.

Based on these facts, we the undersigned, make the express request that a bill be constructed in the United States Congress requiring lenders that have received TARP monies to immediately adopt policies that require the hiring of new Realtors to list and sell their real estate owned foreclosure assets.

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Goal
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Latest Signatures

  • 04 January 2016950. Arian K
    I support this petition
  • 02 January 2016949. Mary Ld
    I support this petition
  • 01 January 2016948. Mipee S
    I em a lasy azz who want evrythang handerd to mi. I have no sell a houze in my 4 yeers as a reeltard but I'sk knows I can manuge thees proprety if gave mez opprotinity.
  • 31 December 2015947. Denise D
    I support this petition
  • 28 December 2015946. Vickie M
    I support this petition
  • 27 December 2015945. Steven Mb
    I support this petition
  • 24 December 2015944. Steve P
    I support this petition
  • 21 December 2015943. Steven M
    I support this petition
  • 11 December 2015942. Jacqueline R
    I support this petition
  • 09 December 2015941. Paul B
    I support this petition
  • 08 December 2015940. Karen H
    I support this petition
  • 05 December 2015939. Michael Aa
    I support this petition
  • 01 December 2015938. Paco B
    Stop the steering of REO to few selected brokers
  • 28 November 2015937. Kathleen T
    I support this petition
  • 27 November 2015936. Mary Vh
    I support this petition
  • 22 November 2015935. Carolyn M
    WOULD YOU LEAVE YOUR FRONT DOOR OPEN? That's what is occuring in the REO/Short Sale community right now. It won't be until someone is hurt (including squatters), a property is destroyed beyond it's deflated value that someone will look at the Million$ of
  • 13 November 2015934. Brenda G
    I support this petition
  • 13 November 2015933. Yvonne S
    I support this petition
  • 11 November 2015932. Gail S
    I support this petition
  • 10 November 2015931. George H
    Realtor 16 yrs
  • 08 November 2015930. Gay Adeleg
    I support this petition
  • 30 October 2015929. Linda Stephensrampager
    phone #910-231-0640
  • 28 October 2015928. Terry Ak
    I support this petition
  • 25 October 2015927. Charlette T
    I support this petition
  • 22 October 2015926. Ben B
    I support this petition
  • 21 October 2015925. Tammy R
    I support this petition
  • 21 October 2015924. Deborah E
    I support this petition

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Information

Amelia LarsenBy:
City LifeIn:
Petition target:
US Congress & Secretary of theTreasury

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