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mortgage fraud: Before Trying to Short Sale After Buying a New Home - 04/24/12 07:53 AM
It's very disturbing for me to have to tell a potential short sale seller that she was lied to. Maybe misinformed or misguided are softer words but when it's not the truth, it's still a lie no matter how you look at it. The problem is there are all kinds of opinions from all sorts of so-called professionals in Sacramento about short sales, and probably half of that crap is flat-out wrong. It's hard to know whom to believe. So, I say believe in yourself. If sounds too good to be true, it probably is.
A potential short sale seller called … (8 comments)
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mortgage fraud: Lying to the Lender Can Result in Mortgage Fraud and the FBI Knocking on Your Door - 01/09/12 11:07 AM
We went to the 24th Street Theatre in Curtis Park over the weekend to see Country Joe McDonald perform a 100-year tribute to Woody Guthrie. Most people agree that Woody Guthrie was born on July 14, 1912. This would make July the 100th anniversary of his birth. Country Joe was born on January 1, 1942, so that makes him 70. Some of you may remember Country Joe and the Fish from Woodstock -- Give me an F . . .
Woody Guthrie was a legend in my house when I was growing up. He was still alive then, too. My mother … (9 comments)
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mortgage fraud: Who's Cracking Down on Mortgage Fraud in Sacramento? - 11/12/10 10:21 AM
Where is the story of fraud, I ask you? The Sacramento Bee runs this ugly mugshot from the U. S. Attorney's office of some real estate agent accused of smuggling at the border and says he can still sell real estate. The implication is whoa, your agent could be a crook and you wouldn't even know it. Because, as the story points out, the Department of Real Estate doesn't tell consumers when agents are accused of a crime. Nope, the DRE tends to wait until the court case is over. Duh.
I'm wondering if innocent until proven guilty is a new … (8 comments)
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mortgage fraud: Why a Sacramento Short Sale Investor Might Offer to Pay 100% of Sellers' Closing Costs - 03/04/10 09:55 AM
Those short sale flipper investors are really getting active now. As a Sacramento short sale agent, I have been receiving a lot of calls lately from investors and their agents asking if they can lowball some of my short sale listings. It's not that I have anything against a guy trying to make a buck. Buy low, sell high is the name of the game in real estate. But I do object when those offers affect my sellers' chances of closing escrow.
My sellers don't hire me to make money for investors. They hire me to protect their interests, get them … (8 comments)
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mortgage fraud: Arm's-Length Means You Can't Buy Your Mom's Sacramento Short Sale - 11/03/09 09:08 AM
Every so often, I receive a phone call from a seller who is upside down on the mortgage and wants to sell a home in Sacramento as a short sale to a family member. These callers have a hard time understanding that most banks will insist on an arm's-length transaction, which means they can't sell the home as a short sale to a person who is related to them.
Sometimes, sellers will go a step further and try to make special arrangements with the buyer of that short sale. They ask if they can rent the home back from the buyer. … (17 comments)
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mortgage fraud: A Wachovia Short Sale Seller in Sacramento Hits the Jackpot - 10/22/09 09:25 AM
In life, there are always little twists that keep it interesting, wouldn't you say? For example, last week I was watching a HGTV show about a couple who were buying their first home somewhere in the Midwest. They had obtained an FHA loan. Because they didn't have the money for a down payment, their parents gave them the cash.
Of course, FHA requires a gift letter from the parents. This gift letter specifically states that the funds are not a loan but a gift. At the end of the show, the couple stood in front of the camera, talking about their … (17 comments)
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mortgage fraud: Real Estate Agent Strips His Own Foreclosure Home, Sells Fixtures on Craigslist - 05/04/09 10:16 AM
For my own amusement, I sometimes scan newspaper articles sent from my Google alerts. Especially when a strange story catches my eye. What I find even more interesting than the story, sometimes, are all the comments from online readers. If you generally skip reading the comments -- and I wouldn't blame you if you did -- you're missing a collection of thought stranger than fiction.
A part-time real estate agent in Arizona was nabbed by the FBI for mortgage fraud. His name is Kailash Bhatt. He also worked for the state and as an instructor at University of Phoenix. When the … (65 comments)
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Elizabeth Weintraub, Sacramento Short Sale Agent, Land Park, East Sac, Lyon RE
Sacramento,
CA
More about me…
Top 1% at Lyon Real Estate #00697006
Address: 2801 J Street, Sacramento, CA, 95816
Office Phone: (916) 233-6759
Cell Phone: (916) 233-6759
Email Me
Broker-Associate at Lyon Real Estate, midtown Sacramento. Selling since 1974. Home Buying Columnist at About.com. Sacramento short sale agent.
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