Years ago, when we put our first home on the market, I insisted that the Realtor put NO SIGN in our yard.
I did not want neighbors to know that we were selling or cause any disruption in our neighborhood. Our agent tried to explain the importance of a sign, but I was the incalcitrant client–and we ended up selling the home with NO SIGN.
This of course, was before the internet and Realtor.com, Zillow, Trulia and all the other listing aggregators. And in those days, the wish for privacy was something that was respected by almost all.
At that time, I mostly wanted to protect our privacy–and didn’t want to have to answer questions or be the subject of neighborhood gossip.
Fast forward to 2012, and grocery shoppers have not only to contend with the revelations of tell-tale rags in the checkout lines, they can also hop onto to the Trulia or Zillow sites and see which of their neighbors have fallen behind on house payments and could be facing foreclosure--or already have. Equally likely (and rarely assumed by the real estate novice), they may simply be trying to negotiate a loan modification with their lender WHO MAY HAVE ADVISED THEM THEY NEED TO BE DELINQUENT IN THEIR MORTGAGE PAYMENTS before they will be considered for a modification in the terms of their loan.
Also possible, the family may simply have fallen on hard times and are suffering enough embarrassment and pain without Zillow and Trulia posting up their delinquent mortgage status for all to see. Moreover, their home may already be listed as a short sale with their Realtor. continue reading