beware: Equity Stripping....Seller / Buyer / Investor beware.
- 02/08/10 06:01 PM
Equity Stripping....Sellers / buyers / investors beware. This past Thursday I had one of my Associates ask me to join her in a seller consultation. Of course, that I what I do for our Associates. Now see if you can follow this; The now seller/investor was approached by a "Property Management Company" as a potential buyer for an investment property one year ago. Buyer/investor was told how everyone is going to help a homeowner to stay in their home, not loose the home to foreclosure and you (the buyer/investor) are going to be a hero, if we can just use you credit to secure a loan. The buyer/investor (2 comments)
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Chris Spada
Realtor - I Buy House. Pretty houses to ones in NJ...