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I Feel Like I’m Battling A Dragon During This Short Sale….What Happened To Customer Service?

By
Real Estate Agent with Midwest Properties of MI - Grand Rapids

The DragonWow….I just got through with a pretty heated phone call with a lender in dealing with a Short Sale situation.  

Now, I understand the position they are in….truly I do….the primary contact I have been assigned to has 400 accounts she is dealing with…yes, I said 400 which might as well be 4000!  I have also been told that they recieve an average of 6000 pages coming through daily by fax (thru one fax machine) to their dept which is separated by hand, assigned people and hopefully make it to the appropriate person!  I won’t even go into the room for error on that one….

The struggle here is we have the Approval….just not the written one.  My contact assured me it would be in our hands last week Wednesday and we still don’t have it!   This is the only thing that is holding up our buyers to move towards closing and of course spawning off other potential issues now beginning to loom up ahead.Feather Mask

That the person who has been assigned our case continually states…”it is out of her hands”, “there is nothing further she can do”, the “lawyers now have it”, along with refusing to give me name(s) of the person or person(s) hands it is now in…does nothing in the way of giving us confidence that our account is actually being taken care of nor that we have not simply been lost on one of the over worked lawyers desks.

So here it comes… my 2 cents….I believe that everyone who is being trained to represent clients in any field should all be given these “101 Basics”…just as a matter of Survival.

   1. Always beat them to the punchif you have to spend some time each day contacting your clients just to say…” this is where we are at, this is what I have done, and this is what I expect to happen” you will avoid many frustrated or potentially angry phone calls just for the fact they know you have not forgotten them and are keeping them informed.

   2. Never Promise something you are not certain you can provide…do not say “you will have it tomorrow” if there is any chance they won’t!   You could say “I will do my best to have it in your hands tomorrow but please know that typically this could take x – x days.”

   3. Always give yourself a buffer…especially if you think you may need it….if you’re not absolutely certain it will be ready tomorrow give yourself the extra time you know you may be in need of…then if it is done early they are ecstatic...if not, there is nothing for them to be upset over and you still have the “buffer time” available.

   4. Be willing to pass the buck upward…if you find yourself in a position where you are no longer a viable contact to be able to assist your client in the manner they deserve…give them the contact name who can then best assist them.  This is good customer service and also why there is such a thing as upper management…it is their job.

   5. Return, or even better… answer your phone calls...pretty self explanatory.

   6. Don't Hide...Nothing sets off more negative alarms than this...enough said.

In speaking with my contact person today (and to my surprise)…I actually did mention much of the above to her, for in my experience with our dealings, she has done none of them.  She does not like getting my daily phone calls however she gives me nothing to assure me she is doing her best to assist our situation…so she can continue to expect the daily phone calls (unfortunately) from me.... for I'm still riding the dragon.

It is my hope that this contact someday will see that she continually puts herself in the position of being reactive instead of proactive which is always a painful place to be in (then change it).  For some people it is very difficult for them to see that a little extra time spent on the front end, will avoid potentially hours of struggle on the back end.

 

Roses

I truly don’t know how this lady can possibly get through and survive her day (each day) with the stress I know she is under….and I can honestly say that I for one, certainly do not relish her position.

 

 

 

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All content is original, courtesy of Therese VanderMeer - Realtor - FlexIt Realty

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Therese is selling and marketing properties in the Greater Grand Rapids, MI Area and surrounding communities while specializing in Jenison, Hudsonville and Grandville.

Contact Therese directly at 616-780-0786 or by email at tvmhomes@sbcglobal.net 

Happy to be Providing Buyers and Sellers a Higher Standard of Personalized Service

 

 

 

 

Missy Caulk
Missy Caulk TEAM - Ann Arbor, MI
Savvy Realtor - Ann Arbor Real Estate
I know how frutrating it can be, I waited 18 days for Prudential Relo to give me a answer on an offer. They were not prepared for all the people leaving Pfizer and moving to Crotin, CONN. So frustrating.
Nov 06, 2007 07:49 AM
Therese VanderMeer
Midwest Properties of MI - Grand Rapids - Jenison, MI
Realtor-Greater Grand Rapids, MI area communities

Hello Scott,  Thank you for your comment...and I'm sure you're right, we are still on the upswing and struggling through the learning curve with our lenders.

All the Best, 

Nov 06, 2007 08:04 AM
Therese VanderMeer
Midwest Properties of MI - Grand Rapids - Jenison, MI
Realtor-Greater Grand Rapids, MI area communities

Hi Ron,  I think I may find myself a little better off if I did have the mind frame that Customer Service is not part of their business and you are right they don't care for I was told pretty much the same thing.  I hope I am not coming across as angry over this (for I truly am not) there is just so much room for improvement here in such basic areas.  All I ask is to be kept informed and now days that seems to be asking way too much which is disappointing at best.  Thanks for stopping by!

 

Nov 06, 2007 08:11 AM
Therese VanderMeer
Midwest Properties of MI - Grand Rapids - Jenison, MI
Realtor-Greater Grand Rapids, MI area communities

Hi Missy!  18 days would seem like a dream to me...I've been working on this one for over 2 months and it often feels like I'm walking through mud! Pushing Forward...Pushing forward...Pushing forward.  I feel like the little train that could!  :)

 

Nov 06, 2007 08:15 AM
Martinelli Caputi
Martinelli Caputi & Associates, Ltd. - Warwick, RI
& Associates, Ltd.
Whew Therese!  I almost feel bad for that lender!  I agree with Scott though... this may only be the beginning!  I thoroughly enjoyed your "101 Basics"... I try to use the same rules in my own practice.  :) 
Nov 06, 2007 08:44 AM
Cris Burlew
Beach & Luxury Realty, Inc. - Saint Pete Beach, FL
Broker ~ St Pete Beach FL Real Estate

I also agree, it's only the beginning. Unfortunately, customer service was taken out of service by the banks and other lenders years ago! They need to wake up and change their attitude, but don't expect any miracles overnight.

We typically have to wait up to 30 days for a response from a lender as to whether or not they will take our offer. Even if the buyer is paying cash and wanting to close quickly...the lender doesn't care!

You just have to keep hounding your contact maybe she will get the point. Hang in there and you'll be fine.

Nov 06, 2007 02:40 PM
Ed Vogt
Midwest Properties of Michigan - Grandville, MI
Grandville, MI Midwest Properties
Wow Therese!  You've been working on this sale sooooo long, too.  It's ironic they call it a short sale.  Good post!  Like Cris said - hang in there:)
Nov 06, 2007 09:31 PM
Robert L. Brown
www.mrbrownsellsgr.com - Grand Rapids, MI
Grand Rapids Real Estate Bellabay Realty, West Mic
Take 2 Aleve and sit back and enjoy. I've been thru one recently and it was done within 1 week. I have an idea of what you're going thru. I just have to wonder do they understand this market and know there are several homes out ther for sale..
Nov 07, 2007 05:28 AM
Therese VanderMeer
Midwest Properties of MI - Grand Rapids - Jenison, MI
Realtor-Greater Grand Rapids, MI area communities
Richard,  I have to admit I'm having a difficult time feeling bad for this lender....I've jumped through so many hoops for them my legs are aching!!  :)  Glad you enjoyed my "101 basics" and thanks so much for stopping by.
Nov 07, 2007 07:22 AM
Therese VanderMeer
Midwest Properties of MI - Grand Rapids - Jenison, MI
Realtor-Greater Grand Rapids, MI area communities

Chris, I couldn't agree with you more.  I know sadly enough not to expect any miracles but....WOW wouldn't it be wonderful!  Can't I dream... just a little?  

Thanks so much for your comments! 

Nov 07, 2007 07:29 AM
Therese VanderMeer
Midwest Properties of MI - Grand Rapids - Jenison, MI
Realtor-Greater Grand Rapids, MI area communities
Hi Ed,  You are sooooo right, it seems like forever.. but I am beginning to see the light at the end of the tunnel!
Nov 07, 2007 07:32 AM
Therese VanderMeer
Midwest Properties of MI - Grand Rapids - Jenison, MI
Realtor-Greater Grand Rapids, MI area communities

Robert,  One week!!!! Did you say one week???!!!  I want to go to your school of learning for short sales for that is truly amazing....ok....reach across and give yourself a nice pat on the back, for you really deserve it!!

Seriously...you made me LOL!! and if it's all right with you I may need 4 Aleve...JK! :) Thanks so much for stopping by.

Nov 07, 2007 07:38 AM
Lola Audu
Lola Audu~Audu Real Estate~Grand Rapids, MI Real Estate - Grand Rapids, MI
Audu Real Estate~Grand Rapids, MI ~Welcome Home!
Hi Therese, Short Sales are definitely the Wild, Wild West of Real Estate! :)  You never know what you're going to run into when you start one.  There are some banks that just don't get what is happening...and then sometimes you get one like Robert's that's done efficiently.  Great graphics on your post. :)
Nov 07, 2007 09:50 AM
Therese VanderMeer
Midwest Properties of MI - Grand Rapids - Jenison, MI
Realtor-Greater Grand Rapids, MI area communities
Lola,  YOU are definately rght about it being the Wild Wild West out there!  Thanks for stopping by.
Nov 08, 2007 02:27 AM
Ed Vogt
Midwest Properties of Michigan - Grandville, MI
Grandville, MI Midwest Properties
Hi Therese - Just wanting to get an update.  Have you heard anything, yet?  Did you take 2 Aleve like Robert suggested? :)
Nov 09, 2007 02:56 AM
Therese VanderMeer
Midwest Properties of MI - Grand Rapids - Jenison, MI
Realtor-Greater Grand Rapids, MI area communities

Hi Ed,  I have received an Order of Consent from the secondary Mortgage Company...moving forward...moving forward...moving forward.   I haven't used the Aleve yet, I'm saving it just in case.  :)

Thanks for asking! 

Nov 09, 2007 06:24 AM
Gary Smith
Agent Marketing Today - Commerce Township, MI
Therese,  Just a suggestion, have you asked her what you can do to help?
Nov 09, 2007 07:18 AM
Therese VanderMeer
Midwest Properties of MI - Grand Rapids - Jenison, MI
Realtor-Greater Grand Rapids, MI area communities

Hi Gary,  Absolutely...I was very willing to help (and still am) in any way possible to enable this transaction to move forward.  When she is in need of anything on my end I make sure to to get to her in a timely manner.

Please know that I have never been cross nor rude to her (for that is not my style) and the interaction above was more from a state of empathy of her position not anger.  I apologize if my post came across that way.

Thanks for stopping by, 

Nov 09, 2007 01:43 PM
Diane Aurit
LKN Realty, LLC - Mooresville, NC
Lake Norman Real Estate
Therese:  Great post and guidelines for customer service.  I dropped by because of our shared love of Flashdance and Dirty Dancing and am very glad I did...A new AR friend!
Nov 10, 2007 02:05 AM
Therese VanderMeer
Midwest Properties of MI - Grand Rapids - Jenison, MI
Realtor-Greater Grand Rapids, MI area communities

Hi Diane,  Thanks so much for stopping by...never can have too many AR Friends  :)

All the Best 

Nov 10, 2007 07:38 AM