Comments on: Buyers Beware: I Suggest You Give Up Your Rights http://www.californiateachersandemployeeshomeloanprograms.com/buyers-beware-i-suggest-you-give-up-your-rights/ Thu, 11 Mar 2010 17:02:12 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Scott Schang http://www.californiateachersandemployeeshomeloanprograms.com/buyers-beware-i-suggest-you-give-up-your-rights/comment-page-1/#comment-1084 Scott Schang Wed, 25 Nov 2009 04:23:28 +0000 http://www.californiateachersandemployeeshomeloanprograms.com/?p=3986#comment-1084 Hi Lus, Unfortunately, I hear this so often, that's why every once in a while I just lose my cool and write about it. I removed the agents names and the company names but I still want to get your comments out there to help others. I thank you so much for sharing your experience, I hope that you inspire others will find the courage to fire their crappy agent too. There is nothing wrong with an agent trying to make money, that's why we do what we do - but when they are ONLY doing what they do to make money, that's when it really shows. My belief has always been that when you love what you do and you do it well, the money will come :) I am out of town until Monday, Jeff Anderson will shoot you an email tomorrow to get more information about where you're located. We work with many great agents, maybe one is in your area. Hi Lus,

Unfortunately, I hear this so often, that’s why every once in a while I just lose my cool and write about it. I removed the agents names and the company names but I still want to get your comments out there to help others.

I thank you so much for sharing your experience, I hope that you inspire others will find the courage to fire their crappy agent too.

There is nothing wrong with an agent trying to make money, that’s why we do what we do – but when they are ONLY doing what they do to make money, that’s when it really shows.

My belief has always been that when you love what you do and you do it well, the money will come :)

I am out of town until Monday, Jeff Anderson will shoot you an email tomorrow to get more information about where you’re located. We work with many great agents, maybe one is in your area.

]]> By: Lus Reyes http://www.californiateachersandemployeeshomeloanprograms.com/buyers-beware-i-suggest-you-give-up-your-rights/comment-page-1/#comment-1082 Lus Reyes Wed, 25 Nov 2009 03:17:15 +0000 http://www.californiateachersandemployeeshomeloanprograms.com/?p=3986#comment-1082 Hi Scott, I just had the same situation about an agent name (I have removed the name and company of this agent) that was very agresive with every house that I liked,,it was always somebody offered more than the sale price,,so I had to make a stronger offer for tha home,,made me feel like she wanted pad her pockets,,and its no just her,,,,its every realtor that I have come across.I hope that when all this is over we will see some serious investigation of these and other dubious business practices. Maybe it could extend to Ethics violations by Realtors. Hi Scott,
I just had the same situation about an agent name (I have removed the name and company of this agent) that was very agresive with every house that I liked,,it was always somebody offered more than the sale price,,so I had to make a stronger offer for tha home,,made me feel like she wanted pad her pockets,,and its no just her,,,,its every realtor that I have come across.I hope that when all this is over we will see some serious investigation of these and other dubious business practices. Maybe it could extend to Ethics violations by Realtors.

]]> By: Scott Schang http://www.californiateachersandemployeeshomeloanprograms.com/buyers-beware-i-suggest-you-give-up-your-rights/comment-page-1/#comment-1080 Scott Schang Tue, 24 Nov 2009 19:43:49 +0000 http://www.californiateachersandemployeeshomeloanprograms.com/?p=3986#comment-1080 The "Preferred Lender" on the MLS and referred to in the email does not list a lender name, only a phone number which is picked up by an answering machine with a barely decipherable strong accent....I'm thinking a close relative on this one. Classic. The “Preferred Lender” on the MLS and referred to in the email does not list a lender name, only a phone number which is picked up by an answering machine with a barely decipherable strong accent….I’m thinking a close relative on this one. Classic.

]]> By: Bill McCord http://www.californiateachersandemployeeshomeloanprograms.com/buyers-beware-i-suggest-you-give-up-your-rights/comment-page-1/#comment-1079 Bill McCord Tue, 24 Nov 2009 18:17:00 +0000 http://www.californiateachersandemployeeshomeloanprograms.com/?p=3986#comment-1079 Hi Scott, This is just one example of a practice that is happening on every deal involving a current Lender either Short Sale or REO in the Silicon Valley and nearby markets. Given that this means 80% of all deals it is causing chaos. The details vary, but often involve conditions illegal in California. However, if you want the deal you have to sign up. Another favourite is alluded to in you post. In it's simplest form it is a Listing agents requirement that ALL offers must include a Pre-Approval letter from a specific Loan Agent.In other cases it's the REO Lender requiring the same from one of their Loan Agents. I hope that when all this is over we will see some serious investigation of these and other dubious business practices. Maybe it could extend to Ethics violations by Realtors. Hi Scott,
This is just one example of a practice that is happening on every deal involving a current Lender either Short Sale or REO in the Silicon Valley and nearby markets. Given that this means 80% of all deals it is causing chaos.
The details vary, but often involve conditions illegal in California. However, if you want the deal you have to sign up.
Another favourite is alluded to in you post. In it’s simplest form it is a Listing agents requirement that ALL offers must include a Pre-Approval letter from a specific Loan Agent.In other cases it’s the REO Lender requiring the same from one of their Loan Agents.
I hope that when all this is over we will see some serious investigation of these and other dubious business practices. Maybe it could extend to Ethics violations by Realtors.

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