http://www.latimes.com/business/la-fi-foreclosure-lawyer-20110114,0,632537,full.story
Scams
Short Sale Fraud
A double, double escrow on the same street by the same broker! The big benefit to him is to make the both sides of the commission paid by the bank on the short sale. He probably made $70,000-$80,000 total - more than the investor made flipping the re-sales. This...
Sick of Scams
The agent first inputted this listing onto the MLS on October 29th, noting that the list date was 6/30/09 - why do you wait four months to get it on the MLS? It was immediately marked pending, then withdrawn all within a few minutes. A couple of weeks ago she changes...
Extortion By Zillow
The new Zillow advertising program is out, here's the description sent by email: The Zillow Premier Agent program is a powerful set of new features that connect Zillow's home buyers and sellers to an elite group of agents. You can dominate your ZIP code, get more...
Get Used To It
Here's a snapshot of reality - though somewhat extreme, even by today's standards. The first clip shows the difference between sales of a single-story, and a two-story house on the same street, that closed a month apart. The second shows a new short-sale listing that...
Beneficial Short Sales
Some readers had concerns about the La Costa lowball short sale mentioned on Friday. https://www.bubbleinfo.com/2009/07/buyer-representation/ My intention was to point out the future of the real estate business - it's going to get tougher on agents who can't keep up...
More Fallout from Fraud
What happens to those on the edge of foreclosure? If you are Jan Terry, owner of this house at 2872 Vista Acedera in La Costa Valley and Jenae's co-conspirator, you pull out all the stops. First it was to try their lease-option program, hoping to find a renter willing...