A great post by one of my favorite bloggers. And its not just Bank of America, it's just about all of the big banks and mortgage lenders.
In last several months I have had two short sale deals both at $40,000. Both times the lender came back and said 6% commission was too much but they would allow 5%. REALLY? $400 is going to be the differnce in whether or not you approve the short sale? Get real.
Forget the fact that the Bank of America is being sued for billions, that it had to be bailed out, that effectively foreclosed on hundreds of military personnel while they where serving their country, that they don't do loan mods but keep saying they do, that they foreclose on you without warning and demand you must be delinquent to get help
THEIR BUSINESS PLAN IS NOT HARD TO FOLLOW
Forget all that because that is not the point of my post. This bank is not a professionally run business yet it wants access to profits, gain and privileges that most other businesses have to earn. You see the Bank of America defies all the rules of doing business the first one being that their customers, the public should come first. This doesn't really matter to them. They just want your money plain and simple
THEY DO NOT RESPECT OR SUPPORT REAL ESTATE AGENTS
The other thing that stands out about this bank is the way they treat Real Estate agents. Licensed professionals who bring them buyers and try to hold everything together so that seller/borrower, agent, and bank can transact. It stands to reason that if they don't serve their own customers, Real Estate agents would fare no better.
RE AGENTS PLAY BY THE RULES AND WANT TO GET PAID
If they could come up with a way to get buyers without having to pay an agent, they would do so. The evidence of this is that they are constantly trying to beat agents out of their commissions for no plausible reason except that they can. Also, it is the agents duty to make sure all the rules are followed and their clients are protected. The Bank of America doesn't like that either because it interferes with their free hand business plan
THIS BANK IS NOT OF AMERICA
The plain and simple fact, the truth that has emerged, the fruit hanging on this trees branches all say the same thing. HE WHO HAS THE GOLD RULES and in this case, a not so professional corporation who defies rules, regulations and business sense 101 is running rogue and rampant. It is a deliberate and calculated act.
THE GOLDEN RULE IS A SERVICE BASED RULE
By contrast, Real Estate agents live and swear by the GOLDEN RULE which is to treat others the way you would want to be treated. It is in our pledge and we abide by it and believe in it. We are governed by morals and principals and then licensed to obey and follow set guidelines and rules. We do so gladly
HE WHO HAS THE GOLD RULE.... IS A FALSE RULE
HE WHO HAS THE GOLD RULES and the GOLDEN RULE as outlined in the REALTORS pledge are not and will never be on the same page. They cannot be. How can cops and criminals be on the same team? How can you lie and tell the truth? The bible puts it this way; How can you have fresh water and salt water coming out of the same tap? We will never see eye to eye because of this alone..... let alone their business model conduct
HITLER HAD THE GOLD, HE RULED AND HE HAD PUBLIC RELATIONS CAMPAIGN TOO
Hitler had a campaign of terror that was so effective that he had to start a marketing campaign to say other wise. To offset the truth of the mass murders, deportations, rapes, robberies, seizing of assets and the like, they had to show retirement camps where people were living in harmony. Women and children playing and of course sitting down to a hearty meal after a long work day
PLEASE DON'T STARE AT THE SUN, YOU WILL GO BLIND AND SEE NOTHING
While it is true that the public has a short memory, please, for the sake of the millions of people that have come under the thumb of this company and suffered and for the sake of your own sense of justice and fair play, do not aid or a assist Bank of America in trying to make you believe otherwise.
I respectfully demand that they drop the word AMERICA from their name right now
Richie Alan Naggar Ran Right Realty Riverside, Ca
Real Estate Broker and author of "PEARLS SERIES"...of practical personal reader centered books
PEOPLE FIRST...THEN BUSINESS
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