Things not tell Your Licensed Mortgage Professionals

How about, "I have a friend who's an Appraiser..."  Great post.

How about........ "my credit is great, my lawyer tells me that as soon as the bankruptcy is discharged it will be perfect

Gregg, I have been lucky on that one.  "I have had can't we get another appraiser?"

Joe, That is a good one!  I have seen (Not my client) a LOE (letter of Explination) telling the underwriter to please dissregard all the bad credit because as soon as the loan is approved they are going to file Bankruptcy....lol

Naoma, That is funny.. :-)

Matt,  That's funny and so are the comments!  But the sad and scary part is that all this is true.  People unfortunately have diarrhea of the mouth.  If they only thought about what they are going to say....

I got the best one of all Well I know I can buy a house I just left the check cashing place and they said I can get whatever I want.... Smile    Merry Christmas and Happy New Year   www.prorealtyjackson.com

Marc, Exactly! People just talk and talk and talk....

Michelle, That is funny!

Matthew- great posts, people don't even remember their last lie. Just tell the truth, how stupid do they think you are! Katerina

Sounds like we know some of the same folks. :)

Katerina, I agree they don't remember what lie they just told...lol

Keith & Robin, oh no!!....I know you most likely get the famous "I have been Pre-Approved" letters..

Here is one I hear often: This is my primary home...ignore that my job is 3 hours away, my driver's license and tax return do not list this as my address, and home in question is on a lake in a resort area. It is really my primary residence. Right.

Lol @ Matt.  You don't have a Stated Appraised Value Program, do you? 

I think that this is true in every state. Don't lie to your Mortgage Professional, we'll just find out anyway. And of course we are not going to jeopardize our own lively-hood to help someone rip off the lenders ha we do business with on a daily basis. Good post!

You have some great ones Matt...I had a client whose favorite saying to me was "don't worry I know a guy"

Wow...do they really say this stuff? 

Janet, I have one better.   This happened a few months back. I work in California but want to buy now in Florida as an investment but my boss will tell your lenders that he is going to open an office in Florida and transfer me...lol  don't  you love it!

Jason, Sure doesn't everyone have one of those?....lol...:-)

Christopher,So true.. Worst part when you get something like that and you don't charge an application fee you do all that work only to have it blow up when the truth comes out...

Sandra, LOL, I used to say that same saying just for laughs..but then I realized what you really are saying and stopped it...

Sally, Oh should you only hear some..lol  These are just the clean versions.

Matt,

Too funny - the water pipe one really cracked me up.  I had one guy who was high on pills for his "back pain"... that was an interesting conversation lol

Here's another one "I have 30K in my 401K - I get the statement and it shows $1500.  "Oh, I meant that's how much I'll have in there when I retire"

This one was the best - I get a referral and I am told we can go full doc.  I get the W2's, but couldn't verify a phone number for the VOE.. This didn't smell right , so I looked up the company on Sunbiz.  Turns out the company was owned by the person who gave me the referral - and the company was no longer in existence.  Fake W2's....geez...we have to be detectives these days  LOL

You should add the one where they say "On my purchase loan can I get some extra money to pay off some bills?"

Cheryl, I know right?  I could not believe when he asked me to hold on a second then I heard him taking a hit on the water pipe. Wow...Do they think you are really that naive

Rey, OH that is a good one!..so right

Matt,

I can't believe people actually say this stuff! You must have some really good stories...wouldn't it be easier to just tell the truth! duh! LOL! :)

MAtt you have inspired me..........  this post needs to be extended to become the funniest things you have heard in your career

Matt,

Great Blog, I can totally relate to this one, the darling things our customers say. 

Matt

We should put our heads together and write a tell all book.  Maybe we could retire...LOL

Yes, it's sad but true.  It usually sets my clients back, but I always begin my initial conversation after introduction with something to the affect that anything you tell me may and can be used against you......So Be Careful What You Say, as well as, I don't want either of us getting into a grey area that could cause us legal incrimination.

That usually puts them on notice.

Suzanne, You would be amazed at what people tell me..:-)

Joe, if that is the case I know the post would be a very long one. But please share some of your funny ones

Gary, You got love'em

Wayne, You have two great idea's.:-) I like your warning,,very strong

Those type of people need a catchers glove just to catch the bullsh-t coming out of their mouths.

Hey Matthew, I haven't been in your shoes, but I can imagine. I was at the bank a few days ago and they received a call from someone asking if Mr whatever's HELOC was approved. She let that person know that Mr whatever had a bankruptcy. After hanging up, she told me, after the application he casually mentioned, 'oh btw, I have a bankruptcy'.

well thanks for mentioning that!!

hey Matthew, that graphic almost looks like you.. Really hope not! :))  take care brother!

The sad thing is...a lot of these people have learned the "creative angles" you speak of, from non other than unscrupulous professionals (as they claim) in our field.

As a side note & for a chuckle....I received a letter from the county jail from a gentleman wanting to refinance his house to get cash out for bail ($25,000) and purchase a campground (with no income of course).  I looked up his record & he had been in jail for over a year and had a few more to go.....what are people thinking?

Neal, lol... very true

Nick, Glad you like the graphics..:-) maybe after my diet..lol

Beverly, Well at least your client was in the right place..haha.just kidding..

Amen, Matthew.  I have heard all of them and many more.

how about:

- Just write the pre-approval letter this way so the bank doesn't say no

or

- Do we have to tell them about ________?

oh...forgot..,. my favorite is:

No... I have a tenant in there right now but I'll move in there in 30 days so we can say this is my primary

Jimmy, I know.. thanks

David, lol.... Can't we just say its my primary even though I have 3 other properties in the same neighborhood all are my primaries as well..

Matt.... Trying to play catch up and I had to comment on this one!  The bong hit one is the best!  Did that really happen?  I've heard the others but that takes the cake!  Did they say they had to go stated too, because they couldn't verify their income?  LOL

Great post!!!

Kim, I thought that was crazy when I heard the bubbles going. I could not believe it.  The best part was his radio was on in the background playing Eric Clapton or was it Steve Miller song cocaine.. 

Chris, Thank you.