Real Estate Agent Doubles as Investigator to Sell HouseAn Orange county realtor untangles an intricate and inefficient lender to get his client loan released. .By Pedro Grosso October 13, 2005 When Clancy Fort, an associate real estate broker in California, isn't adding new features to his already informative real estate website (www.orangecounty-realestate.com ), he is hunting down loan officers and their ‘higher-ups' to make sure his client gets a new house in time. In what has become a hostile seller's market, banks and lenders are dragging their feet to get anything done. Buyer agents find themselves performing new tasks to keep clients and get the job done. Such was the case for Clancy when one of his clients made an offer on a fourplex in Long Beach. In what seemed to be an open and shut case, the client was buying the building with 45% down. Even so, the seller agent would disappear for weeks and the bank would suddenly stop the loan process with no one at the bank giving a straight answer. After all the negotiation and getting all the paperwork done it seemed the bank would not move at all on the loan. Clancy made more than a few phone calls and after days of investigations, he reached the highest link on the chain of command. He was told the building had been appraised at $20,000 below the asking price. When asked if he had any idea of how much the client was depositing into the transaction he said “no”. Clancy told him and the loan was approved instantly. The manager later called the client directly to apologize and informed him that the loan would have been rejected had it not been for Clancy's effort.
Clancy tells that he prides himself in preparing his clients before initiating the buying processes. His clients agree. Jonathan B. says: "Clancy's system for finding and getting me into my first home was incredible. I saw all of the listings on the market in my price range which made the house hunting process both fun and easy. His easy going style and great personality as well as his skills as a Realtor made my home purchase easy and fun. I also bought a great home." When preparation isn't enough however, it helps to have an agent that is prepared to camp out in front of the bank to get you your house.
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