Tuesday, September 23, 2008

GMAC Home Services Reports Sale

Well, previously we told you that GMAC was scaling down it's residential lending division.

Now, the news is that GMAC Home Services has been sold to Brookfield Residential Property Services. Read the press release here.

The sign of things to come? Yes. We've seen offices close or combine offices, long-time family real estate offices sell to larger firms --- all just to stay in business.

It's not yesterday's real estate business ... it's how we do business in the future.

At least, that's our opinion.

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