Damien Hall

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@Brian I absolutely agree with your post. MLSs should be more lenient in how they manage data. In this market, certain data shouldn't be protected... it should be shared. This will give brokers and agents the edge when servicing their clients. After all, all clients want premium service. www.TheDCInvestor.blogspot.com

@Jason I think there should be some government assistance as long as it's directed at the problem. Consumers that were taken advantage of thru unscrupulous lending practices should be helped. Lenders that made these loans should not be bailed out. I understand that the two are somewhat linked, but if the onus of the subrime debacle was put on the responsible lenders then that, in my opinion, is not only justifiable, but will also boost the economy. The government should require some lenders to take losses by writing down the outstanding loan to a percentage of the depreciated value of the home, while modifying the terms of the loan, ie change to fixed rate, reduce interest etc. If this causes the lender to fold then so be it. The modified loan can then be transfered to a different lender. Which I think would be advantageous to the new lender. The government has to, in some way, respond to this crisis. They can't sit idly and let the market correct itself. That will send the economy spiraling for too long. www.TheDCInvestor.blogspot.com

Great post! Thanks for sharing your story. You covered a lot of points with that one experience! www.TheDCInvestor.blogspot.com