Short Sale Listing Scam - 11/25/08 02:40 PM
Short sales. Love'm or hate'm they are here for a while. At least till the market picks up, inventories deplete or the economy starts to recover.
Subject to approval, short sales allow seller to complete a sale and possibly avoid foreclosure, a buyer to purchase at a discounted price in some cases and the bank to recover the vast majority of the debt against the home.
But what happens when the list price is ridiculously below fair market value?
We are seeing an increase in listings that are so far below any persons reasonable expectation it's bordering on fraudulent. Definitely misleading and certainly un-ethical.
Example: Home is … (2 comments)

 
Kim&gene

Gene & Kim Quinney

Tacoma, WA

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Northwest Equity Home Sales

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