Mark Spain8:53
Yeah, so that was a, I'm sure your parents, a lot of your parents, you know, experienced that. I mean, it was a very humbling time in our economy. You know, that, that recession. So that was the other that I can remember. It was the second major recession we had. So like we had the Gulf War crisis like in the early 90s. So I graduated from UGA at the tail end of that recession. So when I started my real estate career, it was in '93. And so in this particular recession, it was like a 50 year recession. Nobody realized how deep it was going to go. But what I had learned over my career even before that recession is if you pay attention, you see around corners and what's happening as I was going to appointments and every time I'd go to an appointment, somebody was in a hardship, somebody was upside down on their mortgage, which means that they owe more on the mortgage than they can pay off. And I was like, wow. But they had lost a job, they'd gotten cancer, they were getting divorced, there was a hardship and they needed to move, but they couldn't. So the world was like locked up. And you know, if you're going to be prideful and have an ego, you're like, ah, I'm not doing short sales. That's not me. I want the equity sellers and I want the people have money. Well, nobody had money then. The place was dark. And so I said, you know, to survive and not to lay off any of my team. What's the hardest part, folks, is building a team. You never want your team to fall apart because that's the hardest piece in business to put together is your team, your tribe. And so I said, I don't want to lay anybody off. I'm going to suck it up. So I went out and I became a short sales specialist. I took every single accreditation, every single class, and every single thing that I could get my hands on and become a short sales specialist. Which means you're basically short means you're helping people get out from underneath their loan when they owe more than they have. You know, the mortgage is 100,000, they owe 150. You're helping negotiate that gap with the lender. I partnered with an attorney. I brought two of their staff members onto into our office, and we just went out to help the world. We became an advocate of, like, helping people get outside of these hardships and outside of these loans. And consequently, we. Or as a result, our business thrived. You know, 80% of my business became short sales. I probably did more short sells than any real estate team in America. So you can take adversity and turn it into triumph if you pay attention and, you know, and you got to swallow your pride. I mean, we're not. It's not glamorous. There's nothing. There's not one thing glamorous about that job except you're helping people. In every single appointment we went to, I guarantee you, almost every 98%, there were tears shed. These are people crying at the appointments because, you know, men and women don't always communicate like they should. And the things that would come out at these table, you know, these conversations were just, you know, real life. And then we could come in as a as an advocate to say, hey, I know that you lost your job. I know your income went from 120,000 to 50. Let's lock arms, and I'll help you get to the finish. I'll help you get to that next chapter of your life, and we can help rebuild because, again, America was in a dark place. Most of my friends lost all their wealth.