Be honest: "loan modification" is still foreclosure
OK, here we go.... There may very well be some feathers ruffled by this post- and if some are, so be it. Why my lack of concern for others and the ruffled or unruffled state of their feathers? Simple: the obligation we have towards protecting the public rests on high and above all.
My commitment towards that obligation is strong. So be careful, fellow Realtors: if you are intentionally, willfully and unequivocally seeking to deceive the public, I won't stand for it. I won't stand for any silly games you may want to play or any feeble attempts to parse words at the public's expense for your financial gain. It's low-down, it's dirty, and it's unethical. So whether you've trusted anything I've said in the past, or trust anything I will say in the future (or whether you've ever even heard of me before), trust this: I will do my level best to rid our business of dirtbags like you.
You failed to disclose in your rental listing that the property you have on the market is in foreclosure- and has been since April.
You lied to my clients when they specifically asked you if it was in foreclosure- telling them that the place was "in loan modification".
When I asked you about the property's status, you tried to get your little flim-flam scheme over on me, too- telling me that the place wasn't in foreclosure.
Easy call here: Liar, liar, pants on fire... I don't care what YOU choose to think, fellow Realtor, but until a foreclosure isn't a foreclosure anymore, it's a foreclosure. "Loan modifications" don't always work out- and such a pitifully high number of homeowners that have gotten them have re-defaulted that the granting of the initial one should seldom bring relief to one's mind.
Know something else, Liar Liar Pants-on-fire? I don't really care whether your client gets their modification or not. That might sound bad- but it's true. I don't wish them ill, mind you- but since I don't know them (and they've obviously made one poor decision in hiring you) I hesitate in longing for any relief to come their way.
I'll look out for my clients, though- trust that. I had already discussed the protections one might be afforded under the "Tenant in Foreclosure Act of 2009", and we've now discussed the fact that neither they nor anyone else entering into a lease for your property would benefit from it- as they would not be under bona fide lease prior to the foreclosure's filing.
Our industry doesn't need you or want you, Liar Liar Pants-on-fire. There are already far too many of us busting our tails, doing things the right way and still struggling.
The business would be a much better one without you- or anyone like you- in it.
Be honest: "loan modification" is still foreclosure
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