That makes a little sense but what I hear is blanket condemnation of Realtors and very little of Lenders. I’m getting ready to sell a past clients house. I sold it to them 3 years ago and got them hooked up with a good lender that got them a decent loan despite some credit blemishes (5.5% 7/1 arm). He got laid off a few months ago and is moving to LA for a new job. When he got laid off he re’fied w/o callng me for a referral. He ended up with an option arm that has a 1.5% start rate but an 8% amortizing rate! That’s 2.5% higher than had and he has been in a neg am situation of $1,200/month on a 300K loan. He would have been better off taking a no cost HELOC from his local bank for 10K to get him through but that wouldnt have put a few grand in the lenders pocket. If I could get my hands on that lender I’d……….
BTW, I drive a 4 year old american made car that’s paid off, have never done any cheesy advertising, have 1 cell (not a Treo) that meets my communication needs, no stickers on my vehicle, a nice god given smile that’s never been whitened and I have considered my self a well educated professional in every job that I have held which included VP of Sales at publically traded company and Director Of Strategic Marketing at an organization w/ $400M of annual revenue.
There are plenty of Realtors that fit your description just like there are many (fill-in the blank with a race/religion/ethnic group) that fit stereotypes. If you choose to relie on stereotypes in judging ANYONE for ANY REASON you’ll get exactly what you deserve and not what you could have.
