Rant / Vent

[Account Closed]

I picked this diddy up from the urban dictionary. It is essentially the basis for my rant and for me sharing my personal and professional experiences over the past 13 years in Real Estate.

1. professional liar

A professional liar is someone who is able to make up a story and tell it in such a way with false supporting details to make listeners belive its true. A good listener however will be able to pick up that some part of that story does not correspond with other parts of it. However when these types of liars are caught in the act they rarely ever have support to back up there story. Most of these types of liars are very insecure about themselves so they make up lies to convince themselves that they are something when in reallity they are nothing. Liars like this never admit they are lying because that is there way of life.

I first came across this professional while doing residential loans. The professional liars consisted of account executives with major lenders and borrowers, of course.
Whether it be lying to get you to submit to fill their pipeline, only to reject the deal a week later after their monday morning production reports, or the borrower that lies about their income, then claims ignorance once you receive their tax returns.

My question is simple. Why?

The next professional liars I came into contact with was in commercial lending. Typically speaking with most people it seemed they had legitimate sources of lending, only to find out they were so far removed I had a better chance at being closer to the heir to the British Throne. Not to mention the actual lenders themselves that blew sunshine and collected their due dilligence fees only to turn your deal down after 30 days referring to their disclaimer that they didn't have to fund a deal if the month had 31 days in it, or some other vague obscurity loophole they could fall back on. Other funds presented LOI with 5 points on a 200M deal. Simply incredible, again I ask. why?

My latest run in with these folks have been in the bulk REO world. A truely amazing breed of people. From brokers to bankers to realtors and their dogs groomer. Everyone knows everyone and is direct, so to speak. Direct to the guy who is direct, who is direct to the barber who heard of a package that's being sold by a guy who knows a guy.

Currently I am directly in line to the illusive Lehman REO... via 7 people of course. Seven different people claiming to have direct ties. Ask me how many time I have spoken to Lehmans. guess... go ahead and guess... yes zero.

I am not certain if liar is the appropriate term to use for some of the individuals involved. Some of them are good people. Gullible, yes. Naive, maybe. Others... professional liars. For the life of me I can't figure out why the lesson in futility? The countless emails and hours of paperwork all for not. What is the point of it all? What exactly do they have to gain?

If someone can answer this question, then they are truely wise beyond their years.

:violin: