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“No, This is Not a Client that I am Willing to Assist”

Reblogger Praful Thakkar
Real Estate Agent with LAER Realty Partners

Happens to many of us where we ask ourselves, can we help this client?

Sometimes it is in THEIR best interest to not purchase the home!

After all, this is a business and we should 'invest' our time in right type of clients.

Specially, when Joe Petrowsky says no to a client, there has to be a very good reason!

Original content by Joe Petrowsky NMLS # 6869

“No, This is Not a Client that I am Willing to Assist”

 

This is not something you will hear me say very often, but this is one that fit for a NO. I listened to an attorney tell me about a client that he had represented to nearly 10 years. He indicated that his client was currently in foreclosure, but starting about 10 years ago, he did a chapter 13 bankruptcy for her, which she was in an out of three times. This was someone who have been in and out of subprime mortgages twice, then into a chapter 7 bankruptcy and now into foreclosure.

 

There was a pretty good appeal by the attorney to assist his client, but I asked him one question and then the selling stopped. I asked him if he would loan his own money to this client? He immediately said that he wasn’t in the lending business. OK, but if you were in the lending business, would you lend your money to this client. He finally said NO.

 

Unfortunately, not everyone should be a homeowner, this is just one of those cases. Everyone along the way has found out, this person isn’t interested in paying and I would never consider having any lender that I work with, give this borrower a mortgage.

 

Based on what I have shared, would you loan your money to this borrower? I thought so.

 

Image courtesy of DavidCastillo/freedigitialphotos.net

 

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

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Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Praful. Unfortunately not everyone should own a home, as was the example in my post.

Thank you for the re-blog.

Sep 07, 2015 06:19 PM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Praful - Joe Petrowsky makes a great point. Not everyone deserves to own a home if they can't manage their money.

Sep 08, 2015 01:36 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Thanks all for stopping by and your comments. Appreciate it.

Sep 10, 2015 02:16 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

It happens in our business, many times, that we do not want to work with specific people - and that's okay!

Sep 10, 2015 03:24 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

MIKE ROCK - it's a match that may not fit! So true.

Sep 10, 2015 03:25 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

And when there is no frequency match, move on to the next.

Sep 10, 2015 03:25 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Thanks for stopping by Sybil Campbell - appreciate your comment.

Sep 10, 2015 03:26 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

(one of the advantages of re-blog - someone catches up for the first time!)

Sep 10, 2015 03:26 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Grant Schneider - Joe's posts are short and to the point. I love that.

Sep 10, 2015 03:27 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

And it's all about affordability - if one can't afford, one can't buy. Simple.

Sep 10, 2015 03:27 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

George Souto yes - let's stay away from such 'potential leads'.

Sep 10, 2015 03:27 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

We should not even waste our resources in converting such leads.

Sep 10, 2015 03:28 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

And our resources are valuable - time, energy and money - sure should be used for better prospects.

Sep 10, 2015 03:28 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

William Feela that's perhaps it is! Wait until one gets qualified.

Sep 10, 2015 03:29 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

(It mat be early, or even later - however, once we have qualified client, we can work with them.)

Sep 10, 2015 03:30 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Joe Petrowsky you are so right - not everyone should purchase the home.

Sep 10, 2015 03:30 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Home Ownership comes with responsibilty - financial capabilities, too. 

Sep 10, 2015 03:31 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Troy Erickson that's so true. One needs to have that responsibility before they can buy a home.

Sep 10, 2015 03:32 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

In fact, home ownership is one of the biggest financial commitment for most people. If one can't commit fiancially, one should not buy a home.

Sep 10, 2015 03:32 PM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Thanks a lot for stopping by at this re-blog and your comments.

Sep 10, 2015 03:33 PM