Living Lake Livingston!


Really? I Just Asked You NOT to do That!

'Really? I Just Asked You NOT to do That!

I just explained to you that your credit will be pulled again before closing.

I just explained why you are NOT to buy anything on credit.

I just explained why you need to keep paying ALL of your bills on time.

I just explained why you are NOT to get any additional loans.

I just explained AGAIN that everything verified in order to QUALIFY you for the loan will be RE-VERIFIED before closing to make sure that you STILL qualify for the loan.

So, what do you mean ‘you spent the down payment that you had saved to pay off a note’?

And what do you mean ‘you took out a loan for the new down payment’?





I just asked you NOT to do that!



I need therapy!


This has been brought to you by Joni Bailey, YOUR Huntsville / Lake Livingston Area real estate professional. Before you buy or sell, call Joni Bailey at (936) 650-9017. I look forward to earning your business and exceeding your expectations. 






Copyright (C) Joni Bailey     (936) 650-9017  


Licensed in the state of Texas (0518539)                      



Comment balloon 53 commentsJoni Bailey • December 28 2012 06:40AM


So funny Joni. Such is the life of a real estate agent. In one ear and out the other.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) over 6 years ago

Amen, Sister! I just had to vent a little. Thanks for listening to me WHINE!!! :)))

Posted by Joni Bailey, Your Huntsville / Lake Livingston Area REALTOR® (101 Main St. Realty) over 6 years ago

I have built a cage for my future clients.

I have this all planned out...or is that not permissible in this country?

Posted by Pete Xavier, Outstanding Agent Referrals-Nationwide (Investments to Luxury) over 6 years ago

Laughing OUT LOUD at Pete!!

Posted by Joni Bailey, Your Huntsville / Lake Livingston Area REALTOR® (101 Main St. Realty) over 6 years ago

I hear you loud and clear........we have all been through this with clients that don't listen.

Posted by Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional, Palm Harbor, Dunedin, Clearwater, Safety Harbor (Charles Rutenberg Realty) over 6 years ago

Excellent post and a good reminder to repeat the warnings to preserve the credit status until after settlement.

Enjoy the holidays with family and friends.  Treasure the moments with those that you love.

Posted by Roy Kelley (Realty Group Referrals) over 6 years ago

I actually laughed out loud reading this.  I would offer free therapy but I need it too :-)

Posted by Dr. Stacey-Ann Baugh, A doctor who makes house calls. (Century 21 New Millennium) over 6 years ago

Joni, YEP and then it is your fault when everything falls apart, it is amazing.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) over 6 years ago

I like the small print becoming bigger and bigger! :)  Sadly this happens often and yes it is frustrating.  Great post!  I hope buyers find your post and learn!

Posted by Joy Daniels (Joy Daniels Real Estate Group, Ltd.) over 6 years ago

Oh, I have a client right now who needs to read this! You are so creative in your posts, even when you need to vent! Hope it works out...

Posted by Rose King, Friendswood / Pearland / Houston Bay Area (David Tracy Real Estate) over 6 years ago

Barbara-Jo: And I had them initial by each of the statements as I read them out loud. I know they heard me too!!!

Roy: Repeated AND in writing!

Laughing OUT LOUD at Dr. Stacey-Ann!!!

George: EXACTLY!!

Joy: Thank you for noticing that! :)

Rose: LOL! Well... either way. I am feeling MUCH better now. HA! ♥


Posted by Joni Bailey, Your Huntsville / Lake Livingston Area REALTOR® (101 Main St. Realty) over 6 years ago

Joni - that's funny and not funny when it happens. I can see you yelling :)

Posted by Toni Weidman, 26 Years Selling Homes in New Port Richey, FL (Sailwinds Realty) over 6 years ago

I feel your pain Joni, although that exact scenario has never happened to me.  Thankfully.  But I know what you mean.  Great post and best of luck to you.

Posted by Jerry Murphy, CRS, SRES, Anthem, Phoenix, and Scottsdale AZ Real Estate (Long Realty West Valley) over 6 years ago

Just had a buyer have to switch loan programs because she bought a car, luckily they have the money to put down to do FHA, on the upside the need for a road maintenance agreement became a moot point.

Posted by Puffer Properties, Asheville Area Real Estate Team (Keller Williams Professionals) over 6 years ago

Joni: There are few things more frustrating than a buyer who will not listen when told DO NOT change ANYTHING with your credit until AFTER the closing. I hope they are still able to get the home.

Posted by Anita Clark, Realtor - Homes for Sale in Warner Robins GA (ColdwellBanker SSK Realtors ~ 478.960.8055) over 6 years ago

Dare I say good morning Joni.....

I feel your pain my friend.  I had one buyer go through the entire closing process.  I never heard from the title officer to come get the keys and my check was not delivered.  I make a call.... Come to find out my buyer had been fired the day before closing and didn't see the need to mention that.  Imagine that.

Posted by John McCormack, CRS, Honesty, Integrity, Results, Experienced. HIRE Me! (Albuquerque Homes Realty) over 6 years ago

People just don't listen.  I can't tell you how many times when I was selling furniture, that I advised customers to wait until after closing to finance the furniture of their new home...............and that was long before my ActiveRain days.  I was shocked their agents never told them this information, or if they did, they ignored them.  SHOCKING, I know!

Posted by Roger D. Mucci, Lets shake things up at your home today! (Shaken...with a Twist 216.633.2092) over 6 years ago

Toni: I didn't yell. I was in shock.

Jerry: It has never happened to me before now. Not like this. I've had them buy a car, furniture, lose their job... but never spend their down payment and then get a loan for a new downpayment.

Anita: The Texas Veteran's Land Board said  "federal law says you can't borrow money to borrow money."

Q: Sure.... it can only get better from here, RIGHT?! LOL!!

Roger: I guess nothing should shock me these days... but it still does! HA!



Posted by Joni Bailey, Your Huntsville / Lake Livingston Area REALTOR® (101 Main St. Realty) over 6 years ago
Sadly this does happen all too often. Always a bummer when it does happen.
Posted by Paula McDonald, Magnolia Realty ~ Granbury, TX 936-203-0279 (Magnolia Realty ~ Granbury) over 6 years ago

Paula: Similar things do... but this one was a first for me!! I've never had anyone else SPEND the down payment before. Oh my!!

Posted by Joni Bailey, Your Huntsville / Lake Livingston Area REALTOR® (101 Main St. Realty) over 6 years ago

Joni that is one of the things a I stress loud and clear.....don't put anything on credit, don't change your financial situation one tiny bit without talking about it first with me - if you really want to buy this home. Just don't do it!

Posted by Anna Banana Kruchten CRB, CRS 602-380-4886, Arizona's Top Banana! (Phoenix Property Shoppe) over 6 years ago

Joni - I feel your pain!  It makes you want to vent, girl!

Posted by Pam Miller, Broker Associate - Pearland/Friendswood (Realty Associates) over 6 years ago

Joni sorry this happened to you.... Paula is right it is amazing that people do not listen to us!

Posted by Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002 (Berkshire Hathaway HomeServices) over 6 years ago
Anna: Yep! I did that.... :((( *** Pam: Thanks, girlfriend!! *** Endre: I think sometimes they think we are prying into their business and resent being 'told what to do'... It's not that at all. We are trying to protect them from screwing up their loan approval.
Posted by Joni Bailey, Your Huntsville / Lake Livingston Area REALTOR® (101 Main St. Realty) over 6 years ago

Joni, your frustration comes across loud and clear in this post.  Some clients just don't get it, no matter what anyone tells them. They think they know better. May all your 2013 clients listen to, hear, and understand everything you tell them.

Posted by Sharon Parisi, Dallas Homes (United Real Estate Dallas ) over 6 years ago

Joni, some buyers have no sense. I guess we've all gone through this. After negotiating contract price, home inspection, appraisal my buyer decided to buy furniture on credit before close of escrow. Good one. Then pretended that had nothing to do with not getting the mortgage loan.  

Posted by Pamela Seley, Residential Real Estate Agent serving SW RivCo CA (West Coast Realty Division) over 6 years ago

Real Estate agents, and lenders can not emphasize this enough.  Even when shopping for cars and matresses they can pull your credit and it may have detrimental effect.

Posted by Dwight Puntigan, Dwight Puntigan (DRP Realty, LLC) over 6 years ago

These stories cannot be made up ... I feel your pain! Geeze ..... so sorry!

Posted by Allyson Hoffman, Making Today's Dreams Tomorrow's Reality! (RE/MAX Villager (Chicago North and North Suburbs Real Estate)) over 6 years ago

Does this come from the "entitlement culture"  where everyone feels free to do whatever and it will all work out?  Except that RULES apply when you borrow to buy a house.  And nothing Santa can do will help you!

Posted by Carolyn Roland-Historic Homes For Sale In Delaware and S. Chester County PA, Carolyn Roland, GRI, CRS (Patterson-Schwartz Real Estate) over 6 years ago

HI Joni, you just can't help some people. They need to really take an interest in their financial well being before they buy a house. So how is this going to turn out for them? Let us know.

Posted by Michelle Finnamore, Preparing your property for sale (Toronto GTA, Alliston, Newmarket) over 6 years ago


You can't fix stupid. They were told; and if they are that cavalier about getting the house they would probably end up loosing it. Sorry for you to have them drag you along and waste your valuable time.

Posted by Dana Basiliere, Making deals "Happen" (Rossi & Riina Real Estate) over 6 years ago
A very relevant post, thanks Joni! Here is an article I penned recently that you can share with buyers "8 Ways Buyers Accidentallly Disqualify Their Loan Before Closing"
Posted by Michael Deery (Citywide Financial Corp) over 6 years ago

Joni, I think there are times when we ALL need therapy.  Maybe that's one reason that my Psychology degree has served me so well.

You need therapy?  Well, call or email me.  I always try and leave an opening or two for Realtors in crisis.  LOL.

Buyers!  We can tell them, and tell them, and still they can end up doing such goofy things.  I hope your guy doesn't end up losing his home over this.

You have of course heard it said that "a mother's work is never done."  Well... neither is a Realtor's.  Whew.

Posted by Karen Anne Stone, Fort Worth Real Estate (New Home Hunters of Fort Worth and Tarrant County) over 6 years ago

Joni, as an agent we just want to help them, not pry into their business...doesn't matter how many times we tell buyers NOT to change anything regarding their financing/bills...some seem like they can't understand/hear what we are trying to do...hope you have a wonderful weekend!!

Posted by Rebecca Gaujot, Realtor®, Lewisburg WV, the go to agent for all real estate (Vision Quest Realty) over 6 years ago

Amazing. At least they can't blame you if they lose the home...but will they try to? Wouldn't surprise me a bit. Good luck!

Posted by Pat & Wayne Harriman, Broker/Owners, Wallingford CT Real Estate (Harriman Real Estate, LLC (203) 672-4499) over 6 years ago

Hi Joni, this market seems to be full of disasters waiting to happen.  That is why we try to "Bullet proof the Transaction" when possible.

Posted by Bob Miller, The Ocala Dream Team (Keller Williams Cornerstone Realty) over 6 years ago

It never fails, there has to one of them every now and again.  Hand them their sign and let the mortgage lender be the bearer of BAD News.

Posted by Ric Mills, Integrity, Honesty, and Vast Real Estate Knowledge (Keller Williams Southern Az) over 6 years ago
Wow! I just don't see why people don't understand. I guess you did all you could, but now your hard work is not going to be compensated. Bummer
Posted by Jairo Arreola #SOLDBYVETERAN, VA Home Loan Specialist - SF Bay Area (PRG Real Estate) over 6 years ago
Wow, I just spent time on this as well. I also told the buyer to double check with her lender who sent her his list. After that? What did someone say "you can't fix stupid?"
Posted by Hella Mitschke Rothwell, Hawaii & California Real Estate Broker ((831) 626-4000) over 6 years ago
That's not good news so sorry it happens even after the explanation to the client. Did this deal fall apart?
Posted by Michael Blue, REALTOR - 760-889-8877, Encinitas/Carlsbad (Home Smart Realty West) over 6 years ago

A good vent is much less expensive than therapy!  You're welcome for us listening :)

Posted by Rafi Footerman, Home Inspector, Mold Inspector, Radon and More! (Mid Jersey Inspections) over 6 years ago

LOL, what can you do. Hot toddy & a cold compress for your head?

Posted by Lyn Sims, Schaumburg IL Real Estate (RE/MAX Suburban) over 6 years ago

Are your clients getting their down payment from another resource, parents or family member? Perhaps they could borrow it from their retirement plan, IRA, 401k? There might be a solution, yet you should know all about their personal financial information to advise them, shouldn't you?

Posted by Kimo Jarrett, Pro Lifestyle Solutions (WikiWiki Realty) over 6 years ago

Dear Joni,

You can keep repeating yourself, but some people just do not listen. At least, they cannot say you never mentioned this pitfall.

Posted by Dörte Engel, ABC - Annapolis, Bowie, Crofton & rest of Maryland (RE/MAX Leading Edge) over 6 years ago

Love your use of font size to get the point across!  It sure did! LOL

(I might copy that trick and use it in the warning notices we give to applicants)

Posted by Jana Holmstrup (Jana Holmstrup - CEO - Kings Mortgage Services, Inc.) over 6 years ago

Ouch Toni, I feel that one. That rum toddy sounds like timely advice. 

Posted by Terkel Sørensen, Realtor, 951.805.0773 , Bank owned and Short Sales (Real Estate Places) over 6 years ago

Joni, it's too bad that no matter how crystal clear you are with your instructions to buyers, sometimes they just don't get it. Either that or they must not have been listening...but it's frustrating nonetheless to see them mess things up for themselves.


Posted by Bob & Leilani Souza, Greater Sacramento Area Homes, Land & Investments (Souza Realty 916.408.5500) over 6 years ago

If only we could get an alarm on our clients' that warns us when they are about to do something stupid...

Posted by Michelle Carr-Crowe Just Call 408-252-8900 Top 1%!, Family Helping Families Buy & Sell Homes 40+ Years (Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty) over 6 years ago

Maybe what agents need is a form. One that lists each of these "don'ts" and has a place where they have to sign after reading each line.

Then at the end: I, (name) have read this document and do understand that if I make any changes to my financial picture prior to closing, one of two things will happen: 1) I will pay a higher interest rate on my new mortgage or 2) I will not be granted a mortgage and will not be buying a home.

Maybe after that they should agree to pay your commission if the loan fails for the above reason. THAT might motivate them.


Posted by Marte Cliff, Your real estate writer (Marte Cliff Copywriting) over 6 years ago

Borrowers don't listen.  we give them a sheet that spells out everything that they shouldn't do until their loan closes and even have them sign it.  It still doesn't resonate with some.

Posted by Rob Renk, AE | Fast Fix/Flip Loans for Residential Investors (Center Street Lending) over 6 years ago

Frustrating I know, but I am glad to see real estate agents engaging buyers on this subject. I always go over all of these things with buyers and for the most part by the time I'm working with them, they call me before the go to the bathroom :))  Once in a while one messes up, but I am glad to see you are drilling them. Keep it up!

Posted by Dora Griffin, NMLS 6380 (D A Griffin Financial.LLC) over 6 years ago

Michael: Thank you!

Karen-Ann: My minor is Psychology I STILL need therapy at times! LOL!

Rebecca: You are so right!!

Pat and Wayne: The deal did not go through. I know. No surprise. :(

Bob: I did my best to bullet proof it. I even had them sign a piece of paper saying that they understood NOT to do that.

Ric: They already blamed the mortgage lender saying that she said their interest rate could go up if they obtained any other loans. I gently reminded them that I had them initial next to the insturction which I read out loud to them, "I am not to open ANY new lines of credit. Meaning NO NEW LOANS of ANY KIND. Their answer. Yeah. You did tell us.

Jairo: Hopefully they will continue to pay their bills on time and work to save back up the down payment. I have not written them off. They can still purchase something. Just not right NOW.

Hella: OOPS. I don't think these folks are stupid. I just think that they didn't think about what they were doing.

Michael: Yes it did. :(

Rafi: LOL! Thank you!! ☺

Lyn: I'm thinking a caramel mocha latte would do! :)))

Kimo: I have talked to them and we all agree that they just need to pay back the loan and save up the down payment. It shouldn't take too long for them to be able to buy. I will be here for them when they do!

Dorte: No, they know that they were told. They are not unhappy with me at all. And I am not unhappy with them. I  vented and am over it. It will work out the way it is supposed to.

Jana: You go, girl!

Terkel: HA! I think a STARBUCKS would do nicely!

Leilani: Yes, but I am way over it by now! HA!

Michelle: GREAT idea!!

Marte: I did everything except the commission part! HA!

Rob: I did too!! I hear you!!

Thanks, Dora!



Posted by Joni Bailey, Your Huntsville / Lake Livingston Area REALTOR® (101 Main St. Realty) over 6 years ago

Are you working with my clients?   :)  They sometimes just do not learn.  Thanks for the post.

Posted by Gene Riemenschneider, Turning Houses into Homes (Home Point Real Estate) over 6 years ago

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