Can a Realtor take a Homeowner Into FORECLOSURE ?

By
Real Estate Agent with EXP Realty 414-525-0563 57026-90 Broker

 

 

 foreclosure

 

 

Unfortunately...the Answer is YES....

 

     To All the Realtors Who:

 

 -    Did not do a Net Sheetand show the Sellers the Proceeds from the sale of  their home when they    took the listing – Where are your ethics ?

 

-  Listed  a home “to get the listing” when the price had no relationship to comparable homes in the market  - Where are your ethics ?

 

 - Did not suggest/do a price reduction when the market began and continued to decline giving the Sellers false hope that “their house” would somehow be different – Where are your ethics ?

 

- Did not explain the alternatives to lingering on the market at a too high a price - Where are your ethics ?

 

- Who could have listed at the house at salable price when they took the listing….and now it has to be reduced BELOW what the Sellers owe because it sat on the market with no activity - Where are your ethics ?

 

- Told the Sellers to be patient…the market was “coming back”…. Where are your ethics ?

 

 

 

Attention Home Sellers : If this sounds like the situation you are in currently….you may have enlisted the services of the wrong agent.  Find an agent that has a reputation for telling the truth…and if you don’t know how to find that agent…Call US…no matter where you are the whole country…we will find the agent who will tell you the truth….and get your home sold for a price that the market supports.

 

    Prompt Professional Service and Proven Results….are our words to live by in Real Estate…we know that they are yours as well.

 

Posted by

Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS


home worth iconemail iconhome searchLinked In  facebook

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Selling
Groups:
ETHICS and the REALTOR
Tags:
pricing a home
ethics and real estate
hansonrealestatenet
taking a seller into foreclosure

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
1,235,660
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

I have a property owner/client whose ATTORNEY has advised him to stop paying his mortgage...HELLO!  he is collecting rent...this may be a viable option for an owner-occupant * however, where is the rent money going?

Mar 26, 2013 09:03 PM #1
Rainmaker
1,846,440
Jay Markanich
Jay Markanich Real Estate Inspections, LLC - Bristow, VA
Home Inspector - servicing all Northern Virginia

Ethics, ethics ... um, let's see.  What is the most stolen book in the world?  Oh, the Bible.

From the Greek ethike, meaning the science of morals.

Mar 26, 2013 09:06 PM #2
Rainmaker
3,173,032
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Sellers in Brookfield WI and the surrounding areas, look no further than hiring The Hanson's for ALL your Real Estate goals. They have proven results and ethics!

Mar 26, 2013 09:10 PM #3
Rainmaker
3,251,386
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

  Ethics appears to be in the mind...or out of the mind of the ...."beholder" !

Mar 26, 2013 09:10 PM #4
Rainmaker
790,129
Carol Zingone
Berkshire Hathaway Home Services Florida Network Realty - Jacksonville Beach, FL
Global Realtor in Jax Beach, FL - ABR, CRS, CIPS
Nice post; I'm sure many agents are not really thinking through the ethical ramifications of their actions, but they should be.
Mar 26, 2013 09:15 PM #5
Rainmaker
3,251,386
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Without any real repercussions...not even a slap on the license...Agents have no "incentive" to behave !

Mar 26, 2013 09:18 PM #6
Rainmaker
4,989,098
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Sally and David.... great post....suggested.... this happens much too often and there should be a grave penalty for this action.... the agent should lose his/her license.... it's well beyond ethics.

Mar 26, 2013 09:37 PM #7
Rainmaker
3,251,386
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Agreed Barb....we don't do a great job of policing our own industry....and only add to the tarnish of all of our reputations with practices like these.

Mar 26, 2013 09:45 PM #8
Rainmaker
694,665
Clint Mckie
Desert Sun Home, commercial Inspections - Carlsbad, NM
Desert Sun Home, Comm. Inspection 1-575-706-5586

Hi Sally and David,

There are Realtors who have great ethic's. Then there are those who just want to make a sale at the costs of the buyer or the seller without thinking of the end result.

I dislike these types of Realtors. The really bad part is.....they are all over the country. Suggested.

Have a great day in Wisconsin.

Best, Clint McKie

Mar 26, 2013 10:02 PM #9
Rainmaker
3,128,835
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Great post you guys!  I love it...and unfortunately, I am sure we both know many realtors who do these unethical things!

Mar 27, 2013 12:00 AM #10
Rainmaker
3,251,386
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Yes Kristin...unfortunately that is true....we have shown homes that did not need to be foreclosed and when you look at the sales history of the prices you could just weep for the homeowners....and wish there was some punishment for the agents.

Mar 27, 2013 12:18 AM #11
Rainmaker
698,877
Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

David and Sally, with 6,000 Realtors here in the Naples area can you only imagine how many bad apples WE have to deal with???????

Mar 27, 2013 12:24 AM #12
Rainmaker
3,251,386
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

  I hear you Chris and Dick...at last count, I believe our MLS had about 6300.....too bad there isn't an "acid apple test" !

Mar 27, 2013 12:30 AM #13
Rainmaker
2,911,498
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Sally & David good points and room for thought. I'll go check and see if I have violated any of these. 

Mar 27, 2013 07:39 PM #14
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
3,251,386

Sally K. & David L. Hanson

WI Realtors - Luxury - Divorce
For All Things Wisconsin Real Estate...Call the Hansons
*
*
*
*
Spam prevention