Confessions of a Short Sale Agent: I Already Hate Your Bank

I know you hate your bank.  They've taken you through hell.  You're thinking about:

•·         That crappy loan and the insane interest rate adjustment
•·         The no-doc loans they sold that sunk your neighborhood home values
•·         The robo-call reminders to make your payment on the 2nd of the month
•·         All that bail out money they got and the down payment you'll never get back
•·         The way they toyed with you about a loan modification

So now you are thinking of a short sale and you think no one could hate your bank more.  But, you're wrong.  I hate your bank, already.  Although you hate your bank, you can't possibly hate them more than me.  I hate them all day long.  You go to work, come home, and hate your bank at night and on the weekends.  But not me, I wake up in the morning, and I hate your bank.   I go to bed at night, and I hate your bank. 

And, I especially hate your bank during business hours.  You know how they said they lost your paperwork?  When they pull the same thing during your short sale, I'll be right there, hating them for you.  I can re-fax it to all of their 15 secret fax numbers with the flick of my wrist.  I can call back tomorrow and the next day with my date stamped fax receipt.  When they incorrectly value your home, I can flood them with a slew of market information that will make them shudder.  When they make a short sale offer that does not relieve you of all personal responsibility for the debt, I'll let them know how we do things in California.  And why?  Because I hate them - - that's what I do. 

I already know what they've done to your friend, your neighbor, and to you.  And, although the bank loves dealing with you, they hate dealing with me.  Because, they know I hate them, already. . .

Tni LeBlanc, Mint Properties
Broker/Attorney, Short Sale Agent
CA DRE License # 01871795
(805) 878-9879

Serving Santa Maria, Orcutt, Nipomo, Los Alamos, Santa Ynez, Los Olivos, Solvang, Buellton, Lompoc, Arroyo Grande, Grover Beach, Pismo Beach, and Avila Beach.

Recent Post:  4 Biggest Mistakes Short Sale Sellers Make - Featured!

*Nothing in this article is intended to solicit listings currently under contract with another broker. Those considering a short sale are advised to consult with their own attorney for legal advice, and their tax professional for tax advice prior to entering into a short sale listing agreement - this article does not offer legal and tax advice.

Copyright © Tni LeBlanc 2010 *Confessions of a Short Sale Agent: I Already Hate Your Bank*

 
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109 Comments on Confessions of a Short Sale Agent: I Already Hate Your Bank

20 Most Recent Comments Displayed Show All

NOV
29
2010
1 Featured Post Outside Blog

Tni,

Being Canadian, I am fortunate not to have short sales to deal with. We have court ordered sales and foreclosures, but nothing called a short sale. I don't envy you having to deal with this! I found your blog not only highly entertaining (You do have a way with words!), but also quite educational for me. I know what a short sale is...but had no idea of the "background noise" it creates.....Sounds like they're pretty crappy to deal with alright!
1:31pm • #97

I agree Banks are so difficult sometimes that they make me want to pull out the H word
3:29pm • #98
I am happy with them right now, this moment only, because after the 4th try with the exact same documents they finally accepted the paperwork! They kept turning down my proof of funds ( CASH OFFER) that showed the funds in a CD, they wanted a bank statement, so I submitted the CD one more time today and bingo, they took it!!!! What the??? Maybe someone got up on the right side of the bed today? Maybe they had some really great coffee? Or maybe......fill in the blank yourselves! I have been submitting this paperwork since November 10th!!! Whoooooo-hoooooo!!! Now maybe we can get this show on the road! Thanks for letting me vent!
Debra Miller, Bella Real Estate
3:48pm • #99
2 Featured Posts Attended Rain Camp
Tni, This is a brilliant post! What an awesome way to reach prospective short sale clients and empathize with pain and frustration that they've been experiencing. Great job!
3:49pm • #100
483,184 Points 59 Featured Posts Outside Blog Called Shot Master

What I want to know is ... how do you get off with having to ONLY know 15 secret fax numbers? Did they every make you break an 85 page fax down into 10 pages each? LOL, oh I hate the banks too ... and their stupid elevator music that never ever changes, the same song over and over and over.
4:33pm • #102
103,238 Points

I love this post!
5:17pm • #103
516,288 Points 5 Featured Posts Outside Blog Called Shot Master

Isn't that the truth, Tni!!  I hate them too for the sellers, even when I have the buyers because of what they have and are putting us all through for each and every deal.
10:54pm • #106
117,393 Points 1 Featured Post Outside Blog

Tni:  The only way to fight the banks is to beat them at thier own disingenuous game - as you do.  Send documents to their many fax numbers, time stamped receipts, certified mail with return receipt, appeal delays and denials to the Office of thier President or Board of Directors with proof of receipts of documents that they are denying, etc.  Fight back hard and strong.  If all agents did this in shortsales, they may stop messing with us.

Cheers

Bandele Oguntomilade
11:25pm • #107
DEC
02
2010

OMG! I could have written this post! I say this every time (and often) when I work a short sale. Great post. (Do you feel better now?!?!)
12:23pm • #108
DEC
03
2010
236,137 Points 5 Featured Posts Called Shot Master
So, how do you really feel? Good stuff. Really good. I was thinking about going into Banking, but now that I know you are out there........
1:15am • #109
DEC
05
2010
199,383 Points 5 Featured Posts
It takes a lot of work and perstisence dealing with these banks we hate!
4:01pm • #110
DEC
07
2010
1 Featured Post

I'm with you. The sellers hate these banks, the buyers hate these banks, us agents hate these banks... but what can we do? Exactly what you are doing...identifying with our clients and doing the very best we can for them. Thanks for the encouragement. Mike
8:41am • #111
DEC
08
2010

Tni:

Thanks and Right On!!! I had a tough day yesterday but when I read your post, it made me laugh.

Ken
Ken Sideris
12:02pm • #112

Tni:

Thanks and Right On!!! I had a tough day yesterday but when I read your post, it made me laugh.

Ken
Ken Sideris
12:02pm • #113

Great blog post!
5:06pm • #114
DEC
17
2010
177,336 Points 2 Featured Posts Outside Blog Hit Router Attended Rain Camp Called Shot Master

Tni, that gave me a chuckle.  Quite possibly the most entertaining (and relevant) post I've had the pleasure of reading all year.  Many of my clients seem to feel they must convince me that their bank is evil and make sure I am wholeheartedly on their side.  I think I will just provide your post in a handout format and explain to them that they needn't go on a tirade... I'm already on their side.
8:13pm • #115
DEC
29
2010
874,282 Points 154 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

Oh gee, what a way to put it. Talk about empathy with the sellers. Nice to read this in the Spirit of Humor.

I will reblog in a few days as it is good for my area to hear this.

 
8:28am • #116
JAN
01
2011
626,083 Points 16 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp Called Shot Master

Tni, you mean the banks are already in hell??? Hmmm....they act that way, don't they?
They really should all be collectively skewered and roasted over an open fire. They shouldn't have time to reflect and possibly readjust their thinking(GASP! Please, perish the thought)...
11:36pm • #117
JAN
03
2011
133,242 Points Outside Blog Attended Rain Camp
Tni thanks for the mutual vent...I hate them too, all of them and as things tighten up even if you have a human on the other end of the phone they are so robotic you would think they would not loose the paperwork!
12:14am • #118
AUG
01
2011
115,346 Points 3 Featured Posts Outside Blog

Good for you Tni!  You should hate them...or despise them strongly.  So many agents think that they have some kind of fiduciary responsibility to the bank, and nothing could be further from the truth.  They are suing your client, and are thus in an adversarial position to both of you...and should be treated as such.  Obviously politeness and professionalism is required to get the job done, and you want the negotiator on your side, but you shouldn't be a pushover either. 
12:30pm • #119

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Tni LeBlanc, JD, MA, REALTOR®, DRE #01871795

Santa Maria, CA

More about me…

Mint Properties, Tni LeBlanc (805) 878-9879

Address: 2880 Santa Maria Way, Suite D8, Santa Maria, CA, 93455

Office Phone: (805) 938-9950

Cell Phone: (805) 878-9879

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The content provided on this website is presented or compiled for your convenience and is provided for informational purposes only. The information provided on this website should not be construed as offering legal, financial or other advice to be relied on by the reader to make or refrain from making any decision or to take any action. The investment, mortgage or financial services or strategies mentioned in and throughout this website may not be suitable for you. Nothing in this blog should be construed as a solicitation of properties currently under contract with another broker. Mint Properties is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. Practice limited to the State of California. Solicitations, negotiations and any resulting agreements are deemed offered and accepted in California and California law to be applied to any contractual matter or otherwise is the state of California, to which all subject matter and personal jurisdiction is exclusively conferred. CA DRE LICENSE #01871795 Photobucket Locations of visitors to this page


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