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Are you in it for the long haul?

Alan Mills posted a blog where he helped someone raise their credit score quickly and for only $35. That begs the questions....How many agents and lenders really take the time to educate and help their clients even if it means waiting a while to buy a home. As agents we need to do our part to make sure "The Team" (lender, inspector, insurer, Title, Escrow, etc.) is doing all they can.

Was a client given a subprime loan with pre-payment penalties and high rates over just a few fico points?
Was a client educated that waiting just a while longer, or doing as Alan suggested and paying a small fee to correct the score offered?
Is there any government bond money out there that may help?
Would the client get a better deal on PMI if they attended classes?
For those really hard ones.....Did you write them off completely? Or did you offer credit couseling?
Do you just sell them a house and walk away? or are you in it for the long haul?

As team members, we need to look at the WHOLE picture. Are we doing all we can, is everyone on our team doing all they can?

Posted by Nora Adkins on 08/10/2007 12:38 PM

Comments (10)

real estate, credit couseling, fico scores, team

10 Comments on Are you in it for the long haul?

AUG

2007

Hey Nora! You have nailed a sensitive topic here! I have seen several Realtors who basically just want their pay. They don't really care about their clients best interests, they just want that fat check. Excellent post!

Nice post. Thanks for your post today.

Patricia Aulson/Lic NH/ME/MA

Hi Nora, Your post may come off a little bit as saying agents are either providing extensive financing expertise or just in it for the money. I'm sure there are many/most who provide basic financing options and have the good sense and professionalism to refer them on to an expert in the field. I wouldn't expect a loan officer to provide real estate services to my clients and I'm sure loan officers don't want me to try to be something I'm not qualified to be.

Bill -- I don't mean that at all...I was talking about the "Team" approach. If someone on the Team is only out for themselves, we owe it to the client to say something. I have met many agents and lenders that only want to get the deal to close and get paid, my meaning is that we need to go further and make sure the deal that we are closing is a Good deal for our clients from all aspects.

Nora ,

I like and respect you more with each post . Please keep it up.

With the lending practices of the recent past, there were many people that under normal circumstances really weren't qualified to buy a home. But because of the easy to qualify programs that were available if someone didn't qualify for the "better" loan, they were put into the "good" or "not as good" loan. I don't think anyone is really to blame. If anything was wrong it was the number of available loan programs. if there would've been only one program and the borrower didn't qualify, I'm sure the team members would've done whatever they could to help them qualify.

Credit "was" easy. For the foreseeable future it will not be. To qualify for a loan borrowers will be scrutinized a lot more.

GOOD POST Nora! I like your "full-service" approach which has the client's interests in mind first. It's that kind of caring spirit that will cause you to have lifetime clients.

AUG

2007

Stay with it, sistah!!!

=-D

Great post, Nora..... YOU are a gem!!!

I am sure your family agrees with me......."Her family rises up each day and calls her blessed!"

Proverbs

\O/

AUG

2007

Great Post- I'm sure there are alot of agents that don't realize that they can make even more of a difference by being there all the way for their clients

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