Damn Jim, you drive like a bat outta hell. Be careful out there bro!
OK so the REO agents have been doing sneaky double-ends AND obscuring the fact by entering "non-member out of area" for the selling agent into the MLS. 10 offers come in on a property, the only person who can see EVERYONE's offer is the REO listing agent, and, lo and behold, the REO agent's offer just happens to be the best one.... imagine that.
Now it looks like some agents are cooking up their own scams with short sales
because it would be a short sale to a relative at quarter of what the owner paid, If she put it on the market then it would be bid up and the relative would have to pay more. the owner stays in the house and gets a new mortgage below the value of the home and the realtor gets both sides of the commission covered by the bank and taxpayers.
My experience is that the real estate industry is there to make money, not to serve their clients. I sold my last house myself (by owner) and it went far easier that it has in the past.
Every time I buy or sell everyone acts like no one ever bought property before. Lots of unexpected things.
As for the gravel, it's kind of refreshing to see a house that does not have a $200,000 driveway.
Amazing people are still paying absurd prices......
dink65 2 years ago
Damn Jim, you drive like a bat outta hell. Be careful out there bro!
OK so the REO agents have been doing sneaky double-ends AND obscuring the fact by entering "non-member out of area" for the selling agent into the MLS. 10 offers come in on a property, the only person who can see EVERYONE's offer is the REO listing agent, and, lo and behold, the REO agent's offer just happens to be the best one.... imagine that.
Now it looks like some agents are cooking up their own scams with short sales
3rdbillygoat 2 years ago
because it would be a short sale to a relative at quarter of what the owner paid, If she put it on the market then it would be bid up and the relative would have to pay more. the owner stays in the house and gets a new mortgage below the value of the home and the realtor gets both sides of the commission covered by the bank and taxpayers.
triplectrade 2 years ago
The banks and real estate insiders are in cahoots with each other to make some easy money! Cause the taxpayer will make the bank whole.
mja2035 2 years ago
My experience is that the real estate industry is there to make money, not to serve their clients. I sold my last house myself (by owner) and it went far easier that it has in the past.
Every time I buy or sell everyone acts like no one ever bought property before. Lots of unexpected things.
As for the gravel, it's kind of refreshing to see a house that does not have a $200,000 driveway.
vidguy007 2 years ago
why would she try and hide the deal from the MLS? To avoid splitting commission?
Christinjapan 2 years ago
was that a "for now" cut off at the end? We need folks like you in the biz, Jimmy.
jfooj 2 years ago
Regulations would not be in keeping with the new government approved financial paradigm.
jocknomore 2 years ago