Real Estate Agent with Keller Williams Fort Myers & The Islands

I get frustrated with the high inventory of new foreclosure homes in our area. These were spec homes that never found a buyer.  I call those homes the less personal side of foreclosures.

FORECLOSURES are such an emotional event. People don't want to lose their dream. Many times life throws a really hard one and it is a struggle to get back on your feet.

My brother in law was married, working as a mortgage broker, he had just bought his first home, and his wife was expecting their first child. All was well in his world. One morning he woke up to find her dead in bed. She was only 30. After the funeral it was discovered that they had hundreds of thousand of dollars of life insurance on him, but only a 5000 policy on her. It didn't even begin to cover the funeral.

He could not work for several month's. He was an emotional wreck. When he was able to come back, he was not the same and could not put on his game face for the job. He ended up switching jobs several times trying to get back in the game. He ended up waiting tables and doing other odd jobs.

With no life insurance, a job loss, and his last vision of his wife was of him unsuccessfully aadministering CPR to her. He could no longer make his payments. He initialy did a refi, but as we know, that often catches up with you, and it did him.

WHen he gave the home back to the lender it was excruciating. All his dreams died in that house. It has been 8 years since my sister died. He is just getting back on his feet. Most  26 year old men don't become widowers.

I tell you all of this to remind you that if you are handling a transaction that involves a foreclosure with an end user. Suspend any opinions you may have about "how they got there". Do your best as their agent to walk through this with them and lead from a servant's point of view. If you can help them see that this is a season in their life, however, as seasons always do, they change and days will get better.

If I can offer any words of wisdom, it would be to first make sure you have lots of life insurance, it could of eased my  brother in laws road to healing and number two. PMI is there to help people in case the home they currently have is not worth what the market is conveying. 


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Alexander Harb
Knights Investing - Mesquite, TX
Dallas, Texas Real Estate Investing

That has to hurt, sis........ wow.....

I am glad he is getting back on his feet finally....some spouses never do.....

My mom died when I was took my dad 5 years to get over it.....

I know how your brother feels.....  =-/

And God is close to the broken hearted, thank goodness!!


Jun 28, 2007 03:42 PM #1
David M. Childress
Howard Hanna Real Estate Services - Akron, OH
I would love to be your Realtor® in Akron Ohio!
I help people avert foreclosure by doing a short sale. My heart goes out to them all! I get a great deal of satisfaction in helping them out of their problems. Most of them just want to move on and are eager to get out of the stress they have been going through. Regards, David
Jun 28, 2007 04:52 PM #2
Jay Beckingham
Bank of England Mortgage - Delray Beach, FL
Seniors ROCK!

the foreclosure part is tough, but also remember that the real agony very often are the circumstances that lead up to the foreclosure and what the people had to live through before they got there. your brother in laws situation is a case in point.

in this case the important part is the closure. it's needed.

may he be given the strength to continue to deal with his situation and may his pain be taken from him.  


Jun 29, 2007 02:52 AM #3
Endea Thibodeaux
Tarver Realty Group - Washington, DC
This is a good post it reminds us to work with a humanistic approach and not to judge.
Jul 01, 2007 12:48 PM #4
Kathleen Lordbock
Keller Williams Realty Professionals - Baxter, MN
Keller Williams Realty Professionals
Thank you for sharing - we don't always know the whole story and sometimes they are heart wrenching.
Jul 01, 2007 02:42 PM #5
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