HOW TO PEEL THE BIG ONION WITHOUT CRYING!
When I was a young real estate puppy, many years ago, I had what I would describe as a fear of doing bad things to good people. Basically, I worried about damaging the name my Father gave me, and the look in his eyes when he found out. Then there was the client, the Broker, the lawyers. I knew then how little I knew, and had to balance my desire to learn with my desire to earn!
Mostly things have worked out. I did a few things right, like starting out in a teaching environment, with knowledgeable and helpful Agents. I went to the Broker or one of the veterans before I got in trouble, and I figured out intelligent questions to ask before I started talking:) I took useful CE classes and sat in the front of the room, so I could see and hear, and actually learn some stuff. The point of all this was to become comfortable with my level of knowledge. Once, I suggested I might actually know more than I didn't know, and I was a pretty smart Agent. I can still see the amused smile on Wanda's face (Wanda was one of the teachers/mentors I had in my early years). She knew better and that look wasn't wasted on me.
The real knowledge comes in knowing there is never enough knowledge, and there should never be a complacency about what you know, because when you think you have it figured out, it changes. So, you keep on peeling the big onion that is life, and real estate. Each layer reveals more information and more questions, and more material for blogging. The crying may come if you stop thinking and learning.
Recently I listened to a news report about the latest legal wrinkle pertaining to Foreclosures. It seems the banks have, in some cases, been legally (and ethically) remiss in the foreclosure process. They have skipped some statutory bits in the foreclosure process, and in some cases they have foreclosed on people who didn't miss their payments! That is hard to believe, only because with all the real foreclosures they have to deal with, why would they do some that they didn't (and shouldn't) have to do? Some of these people are initiating legal proceedings to reclaim their homes, after the bank has sold them to third parties.
So, as a Realtor, what assurances do you have that the REO (Real Estate Owned) you sold last year will not be involved in this type of litigation? Think about this mess for a minute. I'll just wait........................
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