It’s 3 O-clock, Do you know where your Clients are….?

By
Real Estate Attorney with Bay Vista Realty BK671311

Life is a funny thing, when is the last time that you thought about where ALL OF YOUR SHORT SALE clients are right now and what they are doing?

Here is something that might trigger that thought process in your mind.

As you are negotiating a short sale on the phone with their lender, the lender may say something along the lines of…..

"Well Mr. De Pury (Seldom pronounced correctly by the bank negotiator) Yooooouuuu saaaay that your clients cannot afford to bring X dollars to the closing table, and cannot afford to sign a promissory note, but I see in my notes that they were at Chucky Cheese last week…..and well that means that they must have soooooome moneeeeeey……."

 

WHAT??? How the &%*)% is that in your notes.

 

That’s right ladies and gentlemen; the Bank is on FACEBOOK and apparently FRIENDS with your clients. They are checking profiles and updates and looking for discrepancies in the records.

 

Now in my client’s case, seven year old photos had JUST BEEN UPLOADED and a quick copy of my client’s child’s birth certificate, demonstrating that he was not at his 7th birthday party last week put it to rest. (The Birthers just need to short sale Obama’s Chicago house and that will force him to prove ….whatever.....different discussion) but the message was passed very effectively and I suddenly wondered where ALL of my Short Sale Clients were spending their weekends.

.

 

I got on Facebook, and if you don’t know me well, I am somewhat active and, well, politically vocal on Facebook, but I started doing some research, and certainly there is a huge opportunity for unknown people to find and “Spy” on clients.  

Now I know the question that is being silently asked….So Gary…Did you start looking at all your clients on Facebook?

NO! I am not a stalker, (Gave that up a few years ago) but I did randomly look at some of my Facebook friends and YES…We Americans tend to enjoy our lives and put those happy KODAK moments on Social Networking Sites for our other friends to see and share!!! Call it a brief study in Human Nature, or a backfire of the whole NETWORKING CONCEPT, but it is happening.

Therefore my advice to anyone representing Short Sale and pre-foreclosure clients is this…PULLLEEEEZE advise your clients that the banks are looking and might just be looking for ACTIVITIES where the client is actually spending a dime that the bank feels is theirs and if the bank negotiator does not approve of the activity...it could cost the transaction. 

 

I would love to write more, but I need to check in on Facebook and make fun of Congress.    

 

Thanks for Reading.

Posted by

I certainly hope this helps and if you have any questions, as always, feel free to drop a line at Gary@BayVistaRealty.com

If you or someone you know needs assistance with a Short Sale anywhere in the Tampa Bay Area, please don't hesitate to call to speak with a certified Short Sale Specialist.

 

Signature

Gary De Pury, SFR

Bay Vista Realty logo

Broker-Owner

Bay Vista Realty & Investments, Inc.

YOUR FRIENDS AT BAY VISTA REALTY PROVIDE COMPLETE REAL ESTATE SERVICES FOR HOME SELLERS AND BUYERS IN THE TAMPA BAY MARKETPLACE, COVERING ALL OF HILLSBOROUGH, PASCO, AND PINELLAS COUNTIES.

WHEN YOU ARE LOOKING FOR A HOME, REAL EXPERIENCE MATTERS.

Bay Vista Realty & Investments and our team of Professional Full Time REALTORS are ready to help you with

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
Florida Pasco County
Tags:
hamp hafa short sale foreclosure sfr preforeclosure distressed homeowner chs

Spam prevention
Show All Comments
Rainer
163,364
Ryan Case
SCA Real Estate - Anaheim, CA
877-828-0710

Wow, who knew the banks were that smart! Pretty insane, congratulations on the feature!

Dec 08, 2010 10:20 AM #24
Ambassador
305,412
Linda K. Mayer
License # 01767321 - La Verne, CA
Realtor, SRES, SoCAL, A REALTOR YOU CAN TRUST

LOVE THE PICTURE OF MS PELOSI.... GOOD JOB!

Dec 08, 2010 11:05 AM #25
Rainer
99,114
RhondaHeaslip NanaimoRealEstate
RE/MAX of Nanaimo - Nanaimo, BC

Incredible!!! That's really stooping to a new level on the banks' part. It's both sad and laughable all at once.

Dec 08, 2010 11:22 AM #26
Rainmaker
564,419
Chris Olsen
Olsen Ziegler Realty - Cleveland, OH
Broker Owner Cleveland Ohio Real Estate

Hi Gary -- Great post!  Perhaps if banks actually spent their time reviewing actual documents instead of snooping on Facebook, the backlog would clear sooner and be done the right way.  I do think, collectively as a society, it's amazing what we are willing to put online sometimes without regard to potential implications.

Dec 08, 2010 11:36 AM #27
Rainer
135,895
Linda Humphrey
Humphrey Home Connections Realty, Reno, Nevada - Reno, NV
CRS, Broker/Owner HHC Realty

I would not have thought of worrying about that, thanks for the warning. Although personally I would pay money NOT to have to go to Chuck E Cheese.

Dec 08, 2010 12:31 PM #28
Rainmaker
566,730
Denise Hamlin, Broker/Owner
Cardinal Realty ~ 319-400-0268 - Iowa City, IA
Helping Happy Clients Make Smart Choices

Hi Gary ~ FB does seem to be turning into a double edged sword. I kind of like BB's comment. There are two sides to every story.

Dec 08, 2010 01:12 PM #29
Rainmaker
548,287
Nadine Larder
www.PrinterBees.com - Dublin, CA
Real Estate Marketing Expert/PrinterBees Founder

Oh my gosh...Gary, that is an awesome post and great information.  I always tell my kids not to post anything on Facebook, Myspace or anywehre else that may come back and bite them later.  I have heard of people losing jobs, not getting jobs and other types of "personal matters" coming to light due to FB.  But never a story of a bank finding out about Chuck E Cheese.  Wow!!!

Thanks for the humor too...I may have to go find you on Facebook so I can read more!

Nadine Larder
PrinterBees.com

Dec 08, 2010 01:16 PM #30
Rainer
37,641
Brad Hornshaw
Brad Hornshaw Realtor Lynnwood, Bothell, Everett - Lynnwood, WA
Realtor, Listing Agent, Buyers Agent, Investments

I am always very carefull what I put and say on F.B but I have to admit this Blind sided me.

Dec 08, 2010 01:34 PM #31
Rainmaker
236,392
Debbie Summers
Charles Rutenberg Realty - New Smyrna Beach, FL

Interesting...  I'm looking at my privacy settings right now.

Maybe if the negotiator spent less time on Facebook and more time processing files [sorry, just a little tangent].

Dec 08, 2010 01:52 PM #32
Rainmaker
346,473
Dawn Maloney
RE/MAX Trinity Northeast Ohio Real Estate Specialist - Hudson, OH
330-990-4236 Hudson & Northeastern Ohio

Oh brother...you are right for pointing this out. I think I should create a handout for people going through short sales. Here's a few things I might put on there...

Don't move out if you are FHA. Good luck selling if you do in most cases.

Don't put your entire life on facebook. Wait, that is just common sense, right?

Don't lie about how bad things are financially!!!! Oh, wait, that probably wouldn't help! If someone is going to lie, they are going to lie!!

Thanks for the insight!

Dec 08, 2010 02:27 PM #33
Rainmaker
613,650
Todd & Devona Garrigus
Garrigus Real Estate - Beaumont, CA
Broker / REALTORS®
Gary - Oh yeah! Facebook is where everyone goes to dig things up on people. I am surprised more people haven't realized this!
Dec 08, 2010 03:27 PM #34
Rainmaker
1,629,016
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

It amazes me what people will put on Facebook - and I have to wonder... WHY??

Dec 08, 2010 07:06 PM #35
Rainer
61,142
Dennis Neal
RE/MAX, Big Bear - Big Bear Lake, CA
Your Home Sold in 45 Days or We Se

I really don't like your Pelosi picture...She doesn't look that good! LOL

Dec 09, 2010 06:52 AM #36
Rainmaker
213,142
Sandy McAlpine
RE/MAX EXECUTIVE - Cornelius, NC
Search Lake Norman Homes For Sale - Lake Norman NC

I saw a news story on TV just recently where a bank or credit company was trying to email facebook friends of the person who owed money to the company ( i don't think they were paying) to try to collect!!!

Dec 10, 2010 09:17 AM #37
Rainer
432,445
Margaret C. Taylor
Century 21 New Millennium MD - Mechanicsville, MD
St Marys/Calvert/Charles MD Real Estate Agent

I hadn't thought of this but now I wonder how far it can go.  I know others are using FB to find out more about their clients.  I am on FB but I am extremely careful what I say and share.  Margaret C.

Dec 10, 2010 03:05 PM #38
Rainmaker
244,173
Alan Grizzle
Chestatee Real Estate - Dahlonega, GA
Full Time Realtor, Lifelong Resident of Dahlonega
Seems anything we say or do can be taken the wrong way.
Dec 11, 2010 02:05 AM #39
Rainer
12,046
Barbara L. Matzick
Barbara L. Matzick, Inc. - Asheville, NC
Real Estate - Asheville, Waynesville & Sylva
We as an industry has gone out of it's way to promote the social network. Has it really been so positive? A great deal of time is spent trying to learn how to use it only to find that there is potentially dangerous!
Dec 12, 2010 12:34 AM #40
Rainmaker
233,276
Liane Thomas, Top Listing Agent
Professional Realty Services® - Corona, CA
Bringing you Home!

OMG, I had no idea. Thank you for the tip!

Dec 12, 2010 05:12 AM #41
Rainer
9,174
Maria P. Acosta
Keller Williams Realty - Branson, MO

Good information to know, thanks!

Dec 14, 2010 10:43 AM #42
Rainer
287,477
Mark Montross
Catamount Realty Group - Burlington, VT
Listing and Buyer Specialist

Wow, this was a very interesting post. It is amazing that the banks don't seem to have time to call people back, yet are searching on Facebook. I guess it is good detective work on their part.

Dec 22, 2010 06:49 AM #43
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainer
80,896

Gary De Pury, ESQ.

Ask me a question
*
*
*
*

Additional Information