You never realize how precious your time is until someone steals it from you.  Recently I had a client that I had spent 3 months with searching for a home.  The county had purchased their property for a new school and gave them cash and 9 months to relocate.  I checked it out and it was true.  I double checked with the county. We shopped requently and revisted several homes with their children.  We spent alot of time together and had many conversations about our careers, our families, our goals.  As realtors, we do get engrained in our clients personal/professional lives.  We found a home, I had a letter from the bank stating they had cash funds available for the purchase and it was signed by someone I personally knew, so I never gave it a second thought.  We did the home inspection, the appraisal (eventhough it was cash and didn't need to be done), the well and septic which all totalled about $1,000.00.  I also had a $10,000.00 deposit in escrow.

My client was getting a huge promotion, invited me to the ceremony, where I met about 45 family and friends.  Everything seemed to be on the up an up.

We went to the walk-thru the evening before settlement and the whole family and a few friends attended.  They couldn't have been more excited.  They were planning a pool party for the weekend, furniture deliveries, cable installation.  I was so happy and excited for them.

The next morning they are MIA for settlement.  Supposedly the husband(a high ranking military person) was called to the Pentagon.  With the large settlement check in hand he proceeds to work and everyone is disturbed, yet understanding.  For one full week everyone's lives are on hold.  The seller had moved out into a rental already.  All utilities had been transferred.  Finally the settlement is rescheduled and Buyer sends his wife to settlement, because he has another important work related issue.  She comes with the check and signs a few documents and leaves to go home and pack.  The Title officer calls me and says that portion has been completed, but the check feels funny.  I said, It's a local bank, lets just call to be on the safe side.  Low and behold......They never issued a check in that amount, my client was never even in the military, much less a Colonel.  He has now fled the state after being discovered and We all (the Listing Agent, the Seller, the Wife of the Buyer, the Title Officer and  myself, are left perplexed as to what he thought was going to happen.  The check was altered and the bank would not have just let that slide. Why would someone do this to their wife and children?  What did he expect to gain from this? What about the poor displaced seller?

I kept reliving in my mind those 3 months.  Often he would come in uniform for appointments. The promotion ceremony was a hoax to impress family members.  I felt and still feel so angy, but not at the loss of the $24,000.00 commission, but of all my precious time he stole from me, my family,my viable clients. 

Real Estate Sales is one of the few careers that you invest so much, time, energy and money before you get paid.  I can always make more money, but I will never get that time back, which is more precious to me then money.

 

14 Comments on Time Thief

AUG
31
2008
152,879 Points 3 Featured Posts Localism Sponsor Outside Blog Hit Router Attended Rain Camp

Diane,

The biggest thief of time isn't a person, its the computer. I tell my son all of the time.. step away from the computer! I'm thinking about getting a siren/time keeper (lol)

6:03am • #1
1 Featured Post

All I can say is WOW.  Not a real estate story that I would like to experience.  I have had clients "rob" my time as well but never to the extent of deceit and fraud.

6:11am • #2
4 Featured Posts

wow...that hurts.  I thought some of my clients were bad but 3 months of valuable time spent to find out at the end that it was a lie.....damn.  I would be furious but poor wife and children.  Well keep your head up and you may make a sale through some good contacts you made at the ceremony and events escpecially after they all see how you handled things.  Keep working!!!

6:18am • #3

ouch, that's almost unbelievable. Hard to imagine what goes through peoples minds.

6:32am • #4

It's hard to keep thinking positive after something like that; wow!, hope your next three are easy ones to balance it out.

6:53am • #5
1,067,814 Points 69 Featured Posts Outside Blog Called Shot Master

Yicks....I got a call once a few months after closing...someone saying they were the FBI...and they identified the buyers, address and had lots of details...Mr. Buyer forgot about his California wife when he married the current one...whoops...and had a stolen identity even though he was able to get the loan, hold a job, get a drivers license, etc....

6:54am • #6
274,066 Points 41 Featured Posts Outside Blog

DIANE - You're right about this.  We tend to look at loss in financial terms, but wasted time is so much more painful.  You can always make more money, but you can't make more time.  Sorry to hear about your situation.

7:09am • #7
320,583 Points 5 Featured Posts Outside Blog

Thats crazy but some things like this will happen when in the industry long enough. Time is valuable but you had no way of knowing all of this.

7:19am • #8

Incredible.  I don't understand these pathological liar types, but they frequently love to put themselves in the military, either in the past or the present. 

I knew one woman (thankfully not a client) who used to lie that she had been in military intelligence and used her knowledge of Russian there.  Not long after that, we happened on a poster with some Russian in it and she pipes up "what's that Greek doing on there?"

So sorry you had more of a time-waster than the garden variety.

7:26am • #9
345,678 Points 4 Featured Posts

Sorry to hear a story like this in our listing agreements here in Florida we are allowed to make claim on deposits if the listing agent has properly filled out the listing agreement and that is split between the listing agent and selling agent along with the seller. It does not make up for a $24,000 dollar commission but it does help when you have a high deposit in escrow.

7:31am • #10
222,333 Points 9 Featured Posts

That's a crazy story.  It's unfortunate that people go to such great lengths to deceive and destroy the lives of others.

7:53am • #11
730,389 Points 15 Featured Posts Outside Blog Called Shot Master

Diane, what an incredible experience. Makes me wonder if the earnest money deposit check was good. It definitely was a waste of your valuable time and effort.

8:41am • #12
104,827 Points

That story has left me speechless.  That is something you read in the paper, but is not suppose to happen to you.  All I can say is wow!

9:15am • #13
947,782 Points 8 Featured Posts Outside Blog Called Shot Master

Wow!     The thing to remember is that con men are "good" at what they do, or they wouldn't be so successful.    Always important to remember that inner voice, that one that is our built in alarm.   A bad experience, though, and one that would upset you.

10:47am • #14


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Diane Mahaffey

Bel Air, MD

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Keller Williams American Premier Realty

Office Phone: (443) 512-0090

Cell Phone: (410) 937-0602

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