Oversold
August 21, 2007 by Allen WrightToday on Inman I read a great article from Marc Davison - here is the thought we should all keep with us during this correction:
Paraphrase - Let's not worry about those that really should not have been in this industry in the first place, or those that got into real estate or mortgage because it was a "get rich quick" scheme. Let us be concerned for those that were oversold the American Dream of homeownership by those that put their own interest above that of their client.
Thanks Marc ...
Oversold is probably the best term I have read in many months describing the frenzy that we experienced. All of us that take pride in this industry and the work that we do for our clients might want to keep that word in mind "oversold" ... remember that is the same word that airlines use when they must kick someone out of a seat that they had reserved ...














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