Yes, RE “professionals” do not have a clue. I know a lady that did sub-prime and Alt-A loans for a living and now does some kind of mortgage rescue loans. She thinks the bubble is all the banks’ fault, but she is not at fault at all? All the loans she did are crap, but she did not contribute to this mess?
I guess that is what you get when you make a profession that does not require a college degree or a professional test and guidelines with teeth. Easy money for anybody that wants it; not those that are qualified.
The best explanation for the current wave of foreclosures by RE “professionals” is that many were not only dealers but also users.
