What does privacy mean? One definition I found states: freedom from unauthorized intrusion - one's right to privacy.
Recently, in a transaction that I was involved with I found this issue of privacy one of great importance and feel like a lesson to learn is in there somewhere. The selling agent found out from a closing company representative that the buyer, my client, was having trouble securing the loan due to a bankruptcy issue that had arisen during the process. The closing company rep was given the information from my buyer's lender and came full circle back to me through the selling agent. As this was the first I had heard of this information I spoke with my buyer and the lender to figure out a game plan and how we were going to proceed. Needless to say the lender was furious that this information had been given out by the closing company rep to the selling agent. While I let that be the lender's battle, I proceeded with damage control. I feel that my buyer's privacy was violated. However, I in no way would cover up the facts. They could have been gleaned in a better way. I'm learning to ask lots of questions on a bank's pre-approval (which I had one in this case). Through several calls, faxes, etc. later we have now gotten to the point of terminating the contract. Lesson learned by this agent in Searcy, Arkansas.
Roxanne Biggleston, Realtor in Searcy, Arkansas, Crye-Leike Real Estate Leaders, Inc. 501-230-3674, 501-279-3600, roxanne.biggleston@crye-leike.com, http://www.roxannebiggleston.com/.
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