Hi all,
I have nothing against a good sales pitch, I do have an issue with strong armed selling and using ones status as a bank owned prequal gatekeeper to intimidate selling agents and using alarmist tactics on their clients.
I've got an offer ready to present on a property in Lakewood, CA and as is typical and understandable of REO's as I mention in my tutorial on Los Angeles bank owned real estate, the bank requires prequal with their lender. I'm irritated because:
1) The L/O insisted on speaking with the client even though I provided all paperwork. Ficos, proof of employment, proof of funds, social #, etc.
2) The L/O leaves an unsolicited message for my client that it looks like she paid too much with her last refinance after reading my proof of funds (estimated closing costs for refi with appropriate contact info). Keep in mind not only is this tacky in my opinion but this is an estimate, not a final hud.....and her lender is very very competitive......and by the way the heck does this have to do with my clients yes/no prequal? Argh!
3) After I call this guy on b.s. and ask him to please stick to relevant issues pertaining to my buyers qualification, he gets passive aggressive and starts playing the "am I just not supposed to say anything to a client if I think I can do better?" "do you have some sort of relationship with this lender" "I've never had anybody accuse me of anything like this" bunch of Bologna.
My answer: Well no, your job as per the MLS instructions should be to evaluate the clients loan worthiness, nowhere does it say they will have to endure sales pitch scrutiny of past deals and I think calling them your client is a stretch buddy. And while its not relevant, yes I do have a relationship with that lender, they are excellent competitive , and yes I do recommend them. My buyer trusts me to help her find the best loan and doesn't need some 'johnny come lately' offering empty promises and unsolicited scrutiny. Can you help or not?
4) L/O tells me he is a big shot and has lots of deals (usually the sign of nothing in the hopper) and he doesn't have time to just do prequals favors for people.
Uh does the listing agent know this? Why then are you the prequal l/o for this property? Or have I already answered this question?
5) L/O tells me if that's my attitude hes just going to recommend full documentation.
Fine but I''ll go elsewhere as the Listing Agent said is perfectly acceptable
6) L/O calls my client again and leaves another message saying that I was abusive on the phone.
Are your kidding me, who does this?.
So my question is, is there any Wells Fargo l/o who would prequal my client today without giving them the third degree. She's already been prequaled with another Wells Fargo L/O a few weeks back but she is out for a few days and this offer needs to be in now. I'll provide proof of employment, ficos, proof of funds, etc as she's now been qualified quite a few times. :) Thanks for any help, while I can't promise getting a shot at this loan, I'd consider it a favor and a solid foot in the door. And just so I'm clear, if she doesn't qualify, no problem (although I know she will) I'm not trying to force feed a prequal.
Placentia real estatemay not be as well known as some of the surrounding areas, but real estate in Placentia should definitely be in the cross-hairs of most North Orange County home buyers. People looking to move to one of the surrounding cities will often fall in love with the quiet suburban neighborhoods and all-American feel of Placentia real estate. Regardless of whether or not it was the original destination for residents, Placentia is a place that people are proud to call home. This underestimated quality helps the town rate very well on our Orange County real estate area rating system and prospective buyers really owe it to themselves to further investigate this charming city.
Real estate in La Habra, California, might be the very best place to look for a good value on some Orange County real estate. While most are aware that it represents the inland border between Orange and Los Angeles Counties, many do not realize the full gamut of property types that La Habra has to offer. From custom view estates down to very affordable condos, the city of La Habra is often the "sleeper" for value within the area. For these reasons and others, the city of La Habra rates very well on our Orange County Real Estate area rating system. La Habra Real Estate guides can help the consumer discover this valuable city.
Real estate in Brea, California, has seen some drastic changes in the last ten years. These changes have all been for the better and helped to transform a sleepy little Orange County city into a highly desired place to call home. Because of this, the city of Brea rates very high on our Orange County Real Estate area rating system. Brea Real Estateguides will help the consumer discover Brea.
Real estate in Anaheim, California, may be the most diverse market in all of Orange County with regards to home choices and truly is the epicenter for the O.C. as it plays an influential role in the well being of the local economy. Coincidentally, a major factor in that influence is the relative health of the Anaheim real estate market. Because of the diversity of housing available and its relative importance to the O.C., the city of Anaheim rates very well on our Orange County Real Estate area rating system. Anaheim Real Estate guides will help you discover the city.
 |
|
|
Los Angeles and Orange County Real Estate Agent | Specializing in North Orange County Real Estate, Anaheim Real Estate, Fullerton Real Estate, Brea Real Estate for buyers, sellers and investors
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
