Hi,
We receive calls for reverse mortgage deals quite often. Certainly much more than any time in the past. I am hoping that many of you do, too.
What I am seeing with these is frightening. The LOs working these deals are as aggressive, if not more, than any others I've seen, and I can rarely pull in their orders due to not promising values up front.
This came to a boiling point today, when a company (literally) demanded that we not proceed until we promised $650,000 for a home in Oak Park, Illinois. We have the order, but were told to forget it until we promised. (They were smart, they didn't put that in writing, only on the phone verbally.) We shucked, we jived, we did the "Three Ds of Dodgeball," but they told us to forget it if we didn't promise.
And this has happened on the last 5, at least, to my knowledge.
Is it that easy for these LOs to prey upon elderly citizens? Will they not lose even a wink of sleep knowing full well that they are on a mission to commit acts of fraud with every order? I don't understand it, it seems so evil to me, more so than the average imbecile with whom I deal with every day, that I become rather violent inside and want to do nasty things as a result.
Your thoughts, please.
Dave...
We receive calls for reverse mortgage deals quite often. Certainly much more than any time in the past. I am hoping that many of you do, too.
What I am seeing with these is frightening. The LOs working these deals are as aggressive, if not more, than any others I've seen, and I can rarely pull in their orders due to not promising values up front.
This came to a boiling point today, when a company (literally) demanded that we not proceed until we promised $650,000 for a home in Oak Park, Illinois. We have the order, but were told to forget it until we promised. (They were smart, they didn't put that in writing, only on the phone verbally.) We shucked, we jived, we did the "Three Ds of Dodgeball," but they told us to forget it if we didn't promise.
And this has happened on the last 5, at least, to my knowledge.
Is it that easy for these LOs to prey upon elderly citizens? Will they not lose even a wink of sleep knowing full well that they are on a mission to commit acts of fraud with every order? I don't understand it, it seems so evil to me, more so than the average imbecile with whom I deal with every day, that I become rather violent inside and want to do nasty things as a result.
Your thoughts, please.
Dave...