By Katherine Tarbox, Senior Editor, REALTOR® Magazine
One of my favorite stories from last year was about Fran Hoover, ABR, GRI, with RE/MAX Masters in South Lake, Texas. For the past 15 years, Hoover has selected one client in dire financial need to work pro bono for every year.
When the market is as tough as it is now, it’s hard to imagine that anyone can afford to forgo a commission check and give up much of their valuable time. But since that article came out, I heard from many practitioners about how they also have done this or were hoping they could help in the future.
Last Friday, I received an e-mail from Debra Allen, e-PRO®, GRI, with Prudential Arizona Properties in Gilbert, Ariz., telling me that she had a client two weeks away from foreclosure. Allen got involved and was able to lower his payment from $1,500 to $576 a month, so that he could stay in the house instead of selling. “My client called me his guardian angel for saving his home and keeping a roof over his family. It made me smile and I’m thankful that I can help,” Allen wrote.
While Allen has no commission for the weeks she spent helping this family, she says it feels good knowing that she helped them out when they had nowhere else to turn.
The spirit of helping others achieve and maintain their dream of homeownership is alive and well in real estate. If you have any pro bono stories, I’d love to hear them.