Telemarketing to Distress

By
Real Estate Agent with The Nines Team at Keller Williams in Lodi BRE# 01390564

The Nines Team in Lodi

One of my “senior” clients lost her home to foreclosure on Monday – due to an unrealistic expectation of the second lender.  At some point in the earlier short sale process, the first became aware of my cell phone number as her primary contact number.  The hard-of-hearing seller wanted to insure that she understood everything that might be presented to her.  The bank took back her property at noon on Monday.  She is now and has been prepared for this event – and is looking forward to moving forward with her life …. The Nines Team in Lodi

To date, at this late afternoon writing, she has received 16 calls … one for cash-for-keys and 15 others from various law firms, save-your-home agencies and sundry companies offering her a way to “remain in your home.”  If I did not answer the call, they left voice mail messages including this one:

“If you didn’t know, your house was sold at auction this afternoon.  The Bank that now owns your home does not want you to call us, because we guarantee that we can keep you in your home.  Call now for details ….”

OK, while there may still be viable options for the former owner …. a voice mail message of that character …. seems  … well … just wrong!

 

If you may be thinking about relocation to the Central Valley of California considering adding Lodi, California to your interest list.  The folks at The Nines Team will be delighted to show you our town … and some of the best real estate buying opportunities in the valley.  If you wish to search the local MLS please click here.  Don’t hesitate to call us if we can answer questions for get additional information for you:

888-868-4398

 

The Nines Team in Lodi

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Topic:
ActiveRain Community
Location:
California San Joaquin County
Groups:
Keller Williams 'Rainers
Seniors Issues
CALIFORNIA DREAMING
Bananatude
31 Days of January - New Years Resolution
Tags:
short sales
reo sales
foreclosures in san joaquin county

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Rainer
89,021
Troy Funk
Allison James Estates & Homes, Sarasota 941-957-3737 - Sarasota, FL
Broker / Associate

Jack, this is unfortunate to hear.  Especially that the second mortgage prevented this from happening and will probably not get anything from this.  A homeowner lost their home that tried to do the right thing.

Jan 26, 2011 12:13 PM #1
Ambassador
2,813,965
Anna Banana Kruchten CRB, CRS 602-380-4886
Phoenix Property Shoppe - Phoenix, AZ
Arizona's Top Banana!

Oh Man Jack - this happens all to often.  It does sound like your lady client is ready and good with moving on - and has a good attitude. When this happens we always talk about - it's just a house at this point and your sanity is worth way more than the craziness going on around all of us.  It can be very frustrating when 2nds and 1st lenders just don't play ball together.  But tis what is - and someday we'll work thru all these unfortunate situations.

Good call on using your number.......that is a great idea.

Jan 26, 2011 12:17 PM #2
Rainer
321,498
Jack Mossman - The Nines Team at Keller Williams in Lodi
The Nines Team at Keller Williams in Lodi - Lodi, CA
The Nines Team in Lodi

Troy - The second has insurance ... not interested in anything less and it was way too much for the parties to find a work around!

Jan 26, 2011 12:21 PM #3
Rainer
321,498
Jack Mossman - The Nines Team at Keller Williams in Lodi
The Nines Team at Keller Williams in Lodi - Lodi, CA
The Nines Team in Lodi

Anna - Using my number is reserved for my seniors who may have difficulties with hearing, movement or are confused.  At least I can take the time to present the information ... but frequently have to fax to the caller my authorization to receive that information!

Jan 26, 2011 12:23 PM #4
Ambassador
442,125
Susan Goulding
Crown Key Realty, Tracy & Mountain House Real Estate - Tracy, CA
Northern CA - Tracy & Mountain House Real Estate

Just wrong on so many levels. First 2nds creating chaos due to unrealistic demands.  Second the vultures that prey on those who have lost their homes.  Glad you were there to handle the phone calls for your client

Jan 26, 2011 06:14 PM #5
Rainmaker
188,743
Christina ONeal
At Home Real Estate Group - Ripon, CA
Realtor - Ripon California

Jack... That is horrible.  I hate that.  I am so glad that you were able to help shield her from those predators.  I just don't get it, why would someone do that?  Not right.

Christina Oneal

Jan 27, 2011 01:55 AM #6
Rainer
321,498
Jack Mossman - The Nines Team at Keller Williams in Lodi
The Nines Team at Keller Williams in Lodi - Lodi, CA
The Nines Team in Lodi

Susan - Most likely the insurance ... if the second accpets less ... they get less ... if they lose in foreclosure... then they get it all!

Jan 27, 2011 11:43 AM #7
Rainer
321,498
Jack Mossman - The Nines Team at Keller Williams in Lodi
The Nines Team at Keller Williams in Lodi - Lodi, CA
The Nines Team in Lodi

Christina ... ask them ... they're "Just trying to make a living" ... reminds me of the ambulance chaser jokes about attorneys!  OR - propsecting for listing in the obituaries!  whatever!

Jan 27, 2011 11:46 AM #8
Rainer
32,640
Patrick Henry
PMZ - Stockton, CA
PMZ

I guess you should never be surprised by what telemarketers will do and say, but I always am.

Jan 28, 2011 07:55 AM #9
Rainer
321,498
Jack Mossman - The Nines Team at Keller Williams in Lodi
The Nines Team at Keller Williams in Lodi - Lodi, CA
The Nines Team in Lodi

Patrick ... scripts and dialogs .... dialogs and scripts .... no context ... just talk; and then get offended when someone hangs up on you!

Jan 28, 2011 10:55 AM #10
Rainer
107,144
TERI LINDSAY
Reno, NV
STAGELIGHT HOME STAGING CO.

Predators......they don't give up when they smell "forclosure"..... and it all started with "dinner-time" phone calls presenting a "way to lower your monthly mortgage payments" .... dam Quicken Loans!

Jan 28, 2011 02:41 PM #11
Rainmaker
414,502
Tni LeBlanc, Realtor®, J.D.
Mint Properties, Lic. #01871795 - Santa Maria, CA
Tenacious Tni (805) 878-9879

Wow I had no idea peple were being approached about these tactics AFTER a foreclosure.  I don't get it.  Always interesting when you hear about the phone calls people receive during the short sale process.

Jan 29, 2011 02:26 AM #12
Rainer
120,219
Steve Ewing - Keller Williams Realty
Keller Williams - Stockton, CA

Jack - Does the term "bottom feeders" apply here?  I imagine the only thing these people are interested in doing is having people pay them to do absolutely nothing. Thanks for the blog.

Jan 29, 2011 04:43 AM #13
Rainer
321,498
Jack Mossman - The Nines Team at Keller Williams in Lodi
The Nines Team at Keller Williams in Lodi - Lodi, CA
The Nines Team in Lodi

Teri - It seems that as the issues change ... so do the telemarketers' "answers ..."  and they always seem to have an "affordable" one!

Jan 29, 2011 06:18 AM #14
Rainer
321,498
Jack Mossman - The Nines Team at Keller Williams in Lodi
The Nines Team at Keller Williams in Lodi - Lodi, CA
The Nines Team in Lodi

Tni ... The "idea" is that they can get you the ability "to stay in your house for at least another six month!"  (I haven't had the patience to follow to the end of the pitch, but I'd guess is centers around an unlawful detainer action!)

Jan 29, 2011 06:19 AM #15
Rainer
321,498
Jack Mossman - The Nines Team at Keller Williams in Lodi
The Nines Team at Keller Williams in Lodi - Lodi, CA
The Nines Team in Lodi

Steve - Oh they will likely do something ... but in the end ... the circumstances will not change ... you will have been able to stay in your home for awhile longer and in the same pressure cooker you have been in for a long while!

Jan 29, 2011 06:21 AM #16
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Rainer
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Jack Mossman - The Nines Team at Keller Williams in Lodi

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