Lisa and Jim's Northern Nevada Real Estate Blog: How To Buy A Bank Owned Home! Via YouTube - This is Funny!

How To Buy A Bank Owned Home! Via YouTube - This is Funny!

Comment balloon 87 commentsLisa Wetzel • October 08 2009 07:14PM


Lisa, very funny, I can relate.  Thanks for sharing this.  I'll need to show some agents in my office.

Posted by Barbara Michaluk, Leisure World Specialist / Full Service REALTOR (Weichert Realtors | Silver Spring, MD Phone Direct 240-506-2434) over 10 years ago
Barbara - I sat and laughed for 5 minutes afterward! Thanks!
Posted by Lisa Wetzel, CDPE, SFR (RE/MAX Realty Affiliates) over 10 years ago

Hahahahaaaaaaaaa. Rejected like a bad kidney while you foolishly wait for a phone call? (LOL). My e-mail is off the hook with people telling me to jack this blog. I just had to come over here (LOL). My fave line: I am a specislist but I may not even exist (ROTFL). How about the crack I will teach you to submit an offer before you die from natural causes (LMAO). Where the hell are the comments? Why am I getting e-mail but no one is commenting on your blog. WTF? We have to do something about that (LOL). Seriously... :-)

Posted by C Tann-Starr (Tann Starr & Associates, Inc.) over 10 years ago

Featured @ Club Chaos

Posted by C Tann-Starr (Tann Starr & Associates, Inc.) over 10 years ago

What a scream--------got to share this at the office tomorrow!

Posted by Pam Dunn, Relocation Specialist (RE/MAX Premier Choice) over 10 years ago

Hey!!! I think I worked with that agent before!

: )

Posted by Michael Cole (CPG Tours) over 10 years ago

Very funny, Lisa.  Exactly what my clients are telling me about this.  Thanx for the laugh.

Posted by Pamela Cendejas, Second Self Virtual Assistance (928) 692-3235 (Second Self Virtual Assistance) over 10 years ago
Lisa, We must be from another planet! What! they hate veterans? No FHA financing? Your cousin can fix me up? I am going to have a problem with the dog pedigree... stupid home buying rookie.. Wrong font??? Game over? Rejected like a bad kidney? C U later loser? My daughter lives in Fernely... does that count? Your friend in the Cosmic Cow Pie.
Posted by Carra Riley & Declan Kenyon, Helping people Transition at all ages! (Brokers Guild Cherry Creek Ltd) over 10 years ago

Pam, I am on my second run with this because I am sure I missed some other great lines while howling with laughter (LOL) ;-)

Michael, I think we both did (LOL). That agent gets around (LOL). ;-)

Pamela, the sad thing is I am living this along with my peers. I am in Short Sale and REO Hell (LOL). Why can't I get an answer in seven days? Why hasn't a negotiator been assigned after four months? Why does one agent have 300 plus listings for HUD? Why are people calling me from West VA telling me as a Fannie Mae vendor I am in charge of houses there when I live and work in NY? Oh the things I can say about this but wont... (LOL)

Posted by C Tann-Starr (Tann Starr & Associates, Inc.) over 10 years ago

Carra, this is too funny (LOL). I'm still sorting through the loopholes and hoops (LMAO).

Posted by C Tann-Starr (Tann Starr & Associates, Inc.) over 10 years ago
Lisa, Just another simple process. NOT!!
Posted by Gary Woltal, Assoc. Broker Realtor SFR Dallas Ft. Worth (Keller Williams Realty) over 10 years ago

OMG LISA!  I think that agents entire team of moronic clones works in the Los Angeles and Ventura counties market. 

Posted by Donne Knudsen, CalState Realty Services (Los Angeles & Ventura Counties in CA) over 10 years ago
Thanks, Have more than a few people to share this one! Thanks C-Tann for pointing the way.
Posted by Margaret Rome Baltimore 410-530-2400, Sell Your Home With Margaret Rome ( HomeRome Realty 410-530-2400) over 10 years ago

C - Thanks for the comments and the feature! 

Pam - I'm working with this agent right now!  Nightmare!

Pamela - Yep!  You have to be there to appreciate how very very frustrating this can be!

Carra - does your daughter live in Fernley NV?  Glad you got a chuckle!

Gary - Corporate America at it's finest! 

Donne - They work in So Cal, but, they have relatives in Nevada!

Margaret - glad you enjoyed this!  Yes ... again thanks to C-Tann for helping to bring this to everyone attention!

Posted by Lisa Wetzel, CDPE, SFR (RE/MAX Realty Affiliates) over 10 years ago

Honest, truthful and down right funny.

Posted by Loreena and Michael Yeo, Real Estate Agents (3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co.) over 10 years ago

Oh...This is too good!  And so true! LOL!  Or at least it feels that way when you deal with them.

Posted by Sherry Scales, Realtor, for Austin, TX and surrounding areas (Austin Texas Homes, LLC) over 10 years ago

Hi Lisa, This was so cleaver. You did a marvelous job scripting this. I went to the site and realized that this was a very time consuming little project. Very well done. Congratulations!

Posted by William Johnson, Retired Real Estate Professional (Retired) over 10 years ago

This is totally pathetic because it's 100% true. I know the pain.

"See you in 1998 . . . You loser."

If only banks knew that this is really what goes on behind the scenes. God. I wish I had made that video!

sacramento agent

Posted by Elizabeth Weintraub Sacramento Realtor Top 1%, Put 40 years of experience to work for you (RE/MAX Gold) over 10 years ago

LOL @ Elizabeth. The pain... the pain... (LOL)

William, very clever indeed. :-)

Sherry, it does feel that way sometimes, eh? ;-)

I sooooo second Loreena. There were a few agents that made my eyes cross in my head to the point where I had to bite my tongue and count to ten (LOL). My kids know "that look" but the people just didn't get it. Even when I got wordy and made myself perfectly clear. Wind up not selling the home because the buyers walked from becoming frustrated at sitting for months on end just waiting for an answer... Suddenly I get a call out of the blue. Price reduced. Does my buyer still want the house. Hell no. My buyer closed two months ago. Oh well...


Posted by C Tann-Starr (Tann Starr & Associates, Inc.) over 10 years ago

OMIGOSH -- tomorrow you're going to have the LOL of the Day Award!  (I already gave that to the FTC today!)

Genius script!

Posted by Carla Muss-Jacobs, RETIRED (RETIRED / State License is Inactive) over 10 years ago

That's about right.

Now featured on the Optimist Group for LOL Friday.

It's perfect!

Posted by Mirela Monte, Myrtle Beach Real Estate (Buyers' Choice Realty) over 10 years ago
This is absolutely hysterical. I love the bit about submitting an essay about Hasselhoff. Sad it's all too true. What an upside down time it is.
Posted by Ana Hitzel, Professional Home Stager Inland Empire ( AccentPositives Home Staging ) over 10 years ago

Carla, mad cool. :-)

Mirela, awesome! We have a double feature going on. Very cool. :-)

Ana, it is isn't it? (LOL) :-D

Posted by C Tann-Starr (Tann Starr & Associates, Inc.) over 10 years ago

I like the run about the 72-page addendum. It takes about 3 hours just to understand the instructions, and by then, they're are 152 offers on the table. Very funny.

Posted by Judy Chapman (Referral Network of Illinois LLC) over 10 years ago

Excellent!  And so VERY true.  I've lived this one several times.

Posted by Nellie Lytvinenko, 919-210-9992, Raleigh - Cary NC Real Estate (Homes by Nellie-Working with Buyers & Sellers ) over 10 years ago

Oh MY gawd,

Were they in my office watching me go thru short sale hell? How funny is this? I am so glad that someone made me laugh about this frustrating process... I experienced everything the "sellers agent said!!" I am sure someone has my kidney too!!!

Must share this with my coworkers.


Posted by joan elizabeht over 10 years ago

This is priceless...and unfortunately so true!  Thanks for the morning chuckle, I'd be laughing out loud if it weren't so true!

Posted by Laura Giannotta, Your Realtor Down the Shore! (Keller Williams Realty - Atlantic Shore ) over 10 years ago
That is one of the funniest I've seen. LMAO, keeping a sense of humor is so important these days and this one nailed it!!! Thanks for bringing such a great video.
Posted by Dianne Hicks (Realty ONE Group) over 10 years ago
Must share, must share, must share... Ok, so that explains a thing or two. Now I am going to have to jack this one too - Thanks for the coolness.
Posted by Terkel Sørensen, Realtor, 951.805.0773 , Bank owned and Short Sales (Real Estate Places) over 10 years ago

I laughed so hard that I'm pretty sure I broke something near ribcage.

Man oh Man. That was flippin' hilarious :)


Posted by "The Lovely Wife" (Broker Bryantnulls Wife) The One And Only TLW. (President-Tutas Towne Realty, Inc.) over 10 years ago

Lisa: Funny and True … this is so classic … thanks for sharing … love the 72 page addendum, preferred lender … OMG … there is so much TRUTH to this … what a HOOT!

Posted by Kathleen Daniels, San Jose Homes for Sale-Probate & Trust Specialist (KD Realty - 408.972.1822) over 10 years ago

I've seen this a couple times and think its great!  Great post! 

Posted by Tim Krueger (Morovish Properties) over 10 years ago

Oh Lisa - Congratulations on the Featured Post and what a way to round out the week! I love it!

Posted by Christianne O'Malley, Exceptional Service - Delivering Results in Reno! (RE/MAX Realty Affiliates) over 10 years ago

Very funny, a good laugh on this rainy day here in Ottawa

Posted by Jean Richer, No Gimmicks, No Nonsense, only Straight Talk (Keller Williams Realty Inc.) over 10 years ago

Just played this for Steve too. I love the "Your offer just ended up in my most awesome shredder" and "You must be pre-approved with my preferred lender, which might be my cousin Frank, but I'm not sayin'!"

Posted by Christianne O'Malley, Exceptional Service - Delivering Results in Reno! (RE/MAX Realty Affiliates) over 10 years ago

Lisa - Thanks for sharing.  That made my whole week seem much better with a good laugh.

Posted by Robert Schwabe, Orange Park Real Estate (EXP Realty) over 10 years ago

Nice...I like the last part about not calling back on your offer...

Posted by Chuck Carstensen, Minnesota Real Estate Expert (RE/MAX Results) over 10 years ago

Very funny and lots of truth in there.  lol

Posted by Eric Boyd, FL Licensed Real Estate Broker / Property Manager (Step One Realty, LLC, 904-469-6335) over 10 years ago

That was funny, sad but funny!

Posted by David O'Doherty, Clayton NC Homes, Raleigh, NC (Raleigh Realty Inc) over 10 years ago

I posted this on Facebook. I just know one of my buyers who has been shot down FOUR times will get it...unfortunately.


Thanks for posting.

Posted by Coleen DeGroff, Haile Plantation Real Estate - Gainesville FL (Coldwell Banker M.M. Parrish Realtors) over 10 years ago

Very funny.  I tried to Re-Blog you but it hung over on the side bar on both of my outside blogs. 

Posted by Maureen McCabe, Columbus Ohio Real Estate (HER Realtors) over 10 years ago
That's a great video. There is so much truth to the joke it shouldn't be funny. Maybe a bank executive will see it and change the system? HA HA HA - I crack myself up!
Posted by Gregory Bain, For Homes on the Jersey Shore (Mezzina Real Estate & Insurance) over 10 years ago

I agree with David - Funny, but sad. I laughed and then thought how I would feel as a buyer impacted by this tragedy - These issues don't really come up in the Iowa City market. This comical illustration of the difficulties of actually getting to an accepted offer in other parts of the country was much more effective in getting the point across to me than several posts on the subject have been. It's a sad state of affairs.

Posted by Denise Hamlin, Broker/Owner, Helping Happy Clients Make Smart Choices (Cardinal Realty ~ 319-400-0268) over 10 years ago

Preferred lender who might be my cousin Vinny, but I'm not saying.  Wow humor really does point out the ridiculous.

Posted by Kathryn Gorham, Emerald Isle NC Crystal Coast (Green Key Realty) over 10 years ago


What a hoot!   I laughed so hard because this is soooooo true.  "We hate veterans, too!"  That was just classic.

Posted by Carol Pease, CRS, Broker-Associate 512-721-6320 (JP & Associates Realtors) over 10 years ago

very funny!

Posted by Thavisak Lucky Syphanthong, Helping to make your dreams of home ownership come (Lucky Star Realty) over 10 years ago

Nows that's one funny and TRUE video. We are working with an FHA buyer and it will be very very difficult finding a home for these buyers.

Posted by Bryant Tutas, Selling Florida one home at a time (Tutas Towne Realty, Inc and Garden Views Realty, LLC) over 10 years ago

Hi Lisa,

This is so funny but unfortunately hits home.

I am forwarding this to an associate that just heard many of the same comments from a listing agent in a real life situation. The listing was so packed with erroneous information it was reported to MLS. The listing agent made a comment similar to the video, "I am too busy with all my listings..." you can watch the video again and know how the rest of the conversation went.

I hope this isn't an indication of what we have to look forward to in the coming year(s) while we work our way out from the mortgage debacle.

Thanks for the post. Have a wonderful day.

Catherine in NY


Posted by Catherine C Capasso, Cottage or Castle, What's Your Dream! (Catherine Cornelia Real Estate) over 10 years ago
Very funny ...I have done a few just like this, in fact I am trying to close one in the next week where I feel like I am banging my head against a wall
Posted by Anonymous over 10 years ago

Funny animation I will share with colleagues at work.

Posted by Roch St-Georges, Real Estate Agent | Agent Immobilier (EXIT Realty Matrix LTD., Ottawa, ON) over 10 years ago

That is just too funny and sooooo darn true.

Must have been created by a overworked and frustrated buyers agent.

Posted by Cameron Wilson, The Short Guy - Murrieta,Temecula,Menifee Californ (Labrum Real Estate) over 10 years ago


Posted by Kevin Comerford (Coldwell Banker Preferred) over 10 years ago

LOL @ Kathyrn G. My Cousin Vinny was a nice touch, eh? (LMAO) ;-)

Posted by C Tann-Starr (Tann Starr & Associates, Inc.) over 10 years ago

very funny, I am dealing something like this right now.

Posted by Alan Brown, 29 Years of Real Estate Experience . (Coldwell Banker Montrose Colorado) over 10 years ago

OMG this is SO funny - in that "can't stop laughing or might cry because it is so close to truth" way!  Thanks for sharing - & now I must go tell everyone in my office to come check it out!

Posted by Nancy Conner, Olympia/Thurston County WA over 10 years ago

This is too funny!  Yet sadly true, this is what we usually hear about from our agents we work with.  You think it would be easier. 

Posted by Joe Colón, Jr. (Jenny L Colón, PC) over 10 years ago

That is awesome!

Posted by Jason Burkholder, Associate Broker, Realtor, e-Pro, CMS (Weichert, Realtors - Welcome Home) over 10 years ago

I specialize in selling bank owned properties, and believe me it takes talent to be on the buyers side of it, I am sure it takes alot of talent on the other side too, a side I am working hard to get on, but once I am I do want to well you know, actually return calls and such...


I just closed on a bank owned property yesterday with a client.  Now we find out that the utilities are not paid.  He says he has sent forms several times and that everything possible was done on his end.....however......the utility co has no record what so ever of any conversations with him.


The keys, well they were left under a bucket in the back yard, however I was not told this so when I go @ 9pm to deliver the keys that were agreed to be in a lock box for us there IS NO lock box.....did I forget to mention this WAS a CASH buyer, we got an email from the agent with a counter, we accepted and wrote it up, the bank sat on it for 5 days and then told us that in the 5 days higher offers had come in so now we have to raise our offer to get it.....We do and then it still is almost a full month before we can close, not because of my client, because of the BANK.  The client mean while is waiting and waiting to get working on the house......Again did I mention HE PAID CASH!!!!


Total craziness, but it was a good deal!  I think I'll send him the link to this video.

Posted by Anna Matsunaga, Seller specialist, Certified Negotiation Expert (Team Momentum Keller Williams Realty Tacoma) over 10 years ago

I wonder if certain people will see themselves here?

Posted by Barb Fischer, San Diego and La Mesa Real Estate (Big Block Realty) over 10 years ago

Excellent. That is what I imagine it would be like to talk to an REO agent if I could actually get one to pick up the phone.

Posted by Dave Hymes (RE/MAX Gold) over 10 years ago
LISA - OMG I am cracking up! This could be interchangd for the banks on short sales too!
Posted by April Hayden-Munson, Brookfield Wisconsin Real Estate over 10 years ago

This is hilarious - good find and a great way to start out the weekend (laughing). My office loves it!

Posted by Cara Pearlman, Realtor - ABR, SFR (Frankly Real Estate, Inc) over 10 years ago

That listing agent works is a cloned agent in Cleveland.  What a hoot!

Posted by Chris Olsen, Broker Owner Cleveland Ohio Real Estate (Olsen Ziegler Realty) over 10 years ago

Lisa... this is the funniest thing I have seen in a LONG time.  I guess that the truth really can be funny.  Thanks for sharing.

Posted by Steve Shatsky over 10 years ago

Sadly Lisa, we all can relate to this! I know I was thinking of one particular REO listing agent in Reno who I sounds just like this robot. Actually, I have never talked with yet have submitted at least two offers to. I do have a closing with her soon and have yet to speak to her. I only email her closing assistant but I do not get to speak with her either!!

Posted by Terrie Leighton, Reno Real Estate Agent ~ Selling Homes in Reno (Ferrari-Lund Real Estate ) over 10 years ago
OMG! This has my life! Every part of it has been true!! I love Every line! Brilliant!!
Posted by Melinda Pearson over 10 years ago

wow this was funny very creative gotta reblog this one

Posted by Gene perez (Greater Mortgage Solutions & Valley Hills Realty ) over 10 years ago

I know I have talked to his women before...but only once because when I called Back, she had beeen sent to another department. So I had to start over...did not pass go and did not collect $200.

Posted by Steve Loynd, 800-926-5653, White Mountains NH ( Alpine Lakes Real Estate Inc., ) over 10 years ago

I am almost certain that I have dealt with this agent over the past year.  :)

Posted by Jason Crouch, Broker - Austin Texas Real Estate (512-796-7653) (Austin Texas Homes, LLC) over 10 years ago

OMG! I talk to this listing agent every day! She never really blatently comes out and SAYS she hates Veterans though! This made me laugh so hard! I am definately re-blogging!

Posted by Stephanie Reynolds, East County San Diego Homes 619-838-4408 (Integrity First Financial Group, Inc. ) over 10 years ago

I am SOOO GRATEFUL that I was in my private office as I laughed aloud at this.  We receive many calls from buyers who want to purchase a foreclosure and have no idea that the (I hesitate to use the term), "process" is different.  I may have to re-blog this!

Posted by Sara Woolford & Steve Golson, ALHS (iTexas Realty Co.) over 10 years ago
Thank you! What a great tool to use to make a funny little video! Can't wait to make my first movie!
Posted by Jennifer Grace, Jennifer Grace over 10 years ago

Amazing what 200 billion dollars in bailout money will get you.

Posted by Nathan Tutas, Your Central Florida Real Estate Expert (Tutas Towne Realty, Inc.) over 10 years ago

Lisa - As everyone else has already stated, this is soooo funny.  Thanks for sharing!

Posted by Michelle Gibson, REALTOR (Hansen Real Estate Group Inc. ) over 10 years ago

Sad, but unfortunately true. Here in Franklin County, Ohio, it takes about 5 months to record a Sheriff's deed. Our MLS just introduced 2 new categories of bank owned properties - deed recorded and deed NOT recorded. This helps estimating when one can actually close, but most agents representing the sellers (banks) behave just like in this funny little video. First time buyers, beware!

Posted by Susanne Novak, ABR, FIS, GRI (RE/MAX 24/7) over 10 years ago

That's just too funny!  They say that the best comedy has a lot of truth to it.  Very much the case here.  Such a sad state of affairs unfortunately that the people who need to get out of their homes have to have so many hoops that need to be jumped through!

Charlotte Discount Realtor Don Anthony Realty Signature

Posted by Don Anthony, Charlotte & Triangle NC Discount Realtor (Don Anthony Realty ~ over 10 years ago

Oh so wickedly true.

Posted by Deborah Wilson, Stark County OH Real Estate (Hackenberg Realty Group) over 10 years ago

I just loved this!  There are a handful of REO agents we will always remember.  For... 1) Never returning a call personally 2) always having a voice mail that says do NOT leave a message 3) for always having staff or email to deal with the transaction 4) for never actually ever spoken with them during the entire transaction.    I WILL remember all of them.  These times will end and... someday the shoe of professional courtesy will be on the other foot.  

Posted by Cathy McAlister, Sacramento DRE#00648507 (Cathy Ashley McAlister, GRI CDPE - Broker / Sacramento ) over 10 years ago

This video is right on the money!!! I couldn't of said it better myself. LOL I think every real estate agent should see this lol 

Posted by Winston Westbrook (Westbrook National Real Estate Co) over 10 years ago

I tried to watch, but the video's down.   I could use a laugh in this biz.  Sadly, too much of it has become a joke.

Posted by Mick Michaud, Your Texas Lifestyle is Here! (Distinctly Texas Lifestyle Properties, LLC Office:682/498-3107) over 10 years ago

LOL! Yeah it's really like that! No offense to the REO agents out there! I know some of you who take pride in what you do and have strict time lines to meet and also strict requirements from the banks you serve! Until we have a large REO account we will never exactly know what REO agents go through. With that said some of them could lighten up a bit! Lastly to all the REO agents out there.....enjoy the ride while it lasts!

Very cute! And oh, so true. Thanks.
Posted by Marianne Snygg, ABR, ASP, GRI, SFR (ERA Herman Group Real Estate) over 10 years ago

This would have been funnier if I wasn't in the middle of one right now!  You left out that the preapproval can only be completed on-line, and they will get back to you with 24-72 hours (while you are in a bidding war).

Really hysterical!

Posted by George Belleville over 10 years ago

LMAO @ George. Oh my word... I have yet to be tortured with that bit of insanity. Hmm... I shall have to stay on the lookout for that bit of banking mischief (LOL).

Posted by C Tann-Starr (Tann Starr & Associates, Inc.) over 10 years ago

Very funny and sad because it is so true! Keep smiling because it looks like we may be here for a while.

Posted by Kathie Burby, REALTOR, SFR, Tuolumne County Real Estate Guide (Coldwell Banker Mother Lode Real Estate) over 10 years ago

There has never been anything more true and exemplary than this piece. How sad that asset managers have to be so arrogant!!

Posted by Ron Jenkins, Retired Broker over 10 years ago

OK .....  Let's all forward this to our Senate and Congress Members so they can possibly get a clue!  Oh and let's not forget the White House!

Posted by Marcia Blue - Keller Williams-Town Center over 10 years ago