Friday, July 17, 2015

Law and Mortar: Real Estate Stories from the Trenches -- Truth or Dare


This morning I have been ruminating on the white lies we tell every day, and what they really mean… for example:

“I’m 5 minutes away.” = “I haven’t left yet.”
“I really enjoyed our date tonight. I’ll call you.” = “I would rather take a bath in a tub full of razor blades than go on another date with you."
“My Phone Died.” = “I was screening your call.”
“I have homework.” = “I have other things I would rather be doing than whatever it is you are suggesting we
do.” 
“It’s not you, it’s me.” = “It’s you.”“We’re just friends.” = “We’re just friends that make-out sometimes. And I fantasize about having children with him/her. And he/she might be in a backup position if this relationshipdoesn’t work out.” 
“I am ____ years old.” = “I just subtracted x number of years from my actual age.” 
“I love that movie!” = “I never saw it.” 

As easy as our culture has made it to lie about everything from the real color of our hair to where we were last night, when it comes to Lawyer/Realtor/Client relations, there is no game… it should always be truth. 

Perhaps you have years of child support payments that you owe that you were hoping might slip under the radar. Maybe you sort of fudged the numbers on how much you owe on that recent judgment against you, or what was agreed in your divorce decree. The list goes on…   

Thor Roundy of EVN Law shared a story with me that demonstrates the ways telling these kinds of lies can really cost you.

One day, one of my partners came out of his office screaming, ‘You can lie to your wife! You can lie to the police! You can even lie to your bishop! But NEVER LIE TO YOUR ATTORNEY!!!’”

 Later he came to find out that the client was negotiating a settlement on a $700,000 judgment against him. He wanted to negotiate for a $100,000 payoff—his reasoning was that there were 6 other creditors with judgments who also had liens on the building. 

“My colleague negotiated the $100,000 payoff, with the condition that the creditor receive proof of the other 6 judgments,” said Thor. “When he called the client to inform him, the client stammered and confessed that they other debts didn’t exist anymore. As a result, the creditor demanded payment of the full $700,000.” 


You pay your Lawyer, Realtor, and other professionals to represent you.  The only way they can do their job is with the facts that you provide to them.  “I can afford a million dollar home” is no substitute for “I wish I had a million dollar home!”  And “The mold problem was never that bad” is no excuse for withholding the issue from your agent.  When you hire a professional, save yourself time and money by telling the truth.