Ar_home_b_search
 



fraud: Mama Liz Says --Another Reason for Owner's Title Insurance - 08/18/10 05:35 PM
originally posted on Real Estate Brokerages

Another true story from Charleston, SC.
Sellers and Buyers were at the closing table to close on a transaction. The attorney asked the sellers and buyers for identification. The buyers provided driver's licenses and the male seller provided his and the female seller got up and walked out.
You see, she was not the seller's wife, but the girlfriend. Had that attorney not found that out before the closing and the real wife had come back later to claim her half of the property --- guess what?
If this buyer … (4 comments)

fraud: Mama Liz Says - Why Do You Need Owner's Title Insurance? - 08/15/10 04:42 PM
originally posted on Real Estate Brokerages

The following is a true story that happened here in Charleston, SC --- if this can happen in Charleston, SC, it can happen anywhere:

There was a FSBO (for sale by Owner) sign on an ocean front lot on the Isle of Palms.  Potential purchasers (we will call them, the Browns) called on the lot and discovered that they were only asking $500,000 when all other ocean front lots were going for pretty close to $1,000,000. The Browns got really excited- asked the "sellers" why it was being sold so low … (61 comments)

fraud: To get a loan closed - no matter what? - 09/24/09 02:30 PM
To get a loan closed - no matter what?
It seems to me that I am seeing more and more of loan officers doing strange things to get a loan closed --- fraudulent things. What is the mortgage loan officer's duties?  Is it to get a loan closed, no matter what?  I don't think so. Who is teaching these loan officers?  They have to be learning these fraudulent tricks from someone --- I don't like it. I posted a yesterday  Can You Do What A Loan Officer tells you?   This was a story about a loan officer asking the potential buyer … (91 comments)

fraud: Can You Do What A Loan Officer Tells You? - 09/23/09 04:21 PM
 The answer to the question, can you do what a loan officer tells you, is  "yes and no". Quite simply, if a loan officer tells you "it is OK with me, but just don't put it on the contract or the HUD" --- it is NOT OK to do what that loan officer tells you. If you do, you are most likely committing fraud against the lender.  If it is not going to be fraud, why can't you put it on the contract as well as the HUD? If you work in my office, you are told to never do anything … (26 comments)

fraud: You Did What? - 07/14/09 04:28 PM
 
You Did What? A real estate agent is telling his broker how proud he is that he "saved a deal".  Listening intently, the broker is very interested in learning the details of how this agent had saved the deal. It goes like this --- There was a contract for his listing which called for the seller to pay $7,000 in closing costs for the buyer.  The week before closing, he discovered that the $7,000 was over the limit allowed by the lender for the seller to contribute. During the week, the listing agent and buyer agent went back and forth … (140 comments)

 
Liz_close_up_for_breast_cancer_month Rainmaker_large

Liz Loadholt Realtor--Broker-in-charge - Trainer--Relocation Director Covering SC

Mount Pleasant, SC

More about me…

Liz Loadholt- AgentOwned Realty- Covering SC

Address: AgentOwned Realty, 824 Johnnie Dodds Blvd., Mt. Pleasant, SC, 29464

Office Phone: (843) 725-5007

Cell Phone: (843) 709-8488

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog