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.
Thanks for Reading.