foreclosure: Foreclosure Scams on the Rise! - 08/11/08 01:52 AM
Foreclosure Scams on the Rise! (Please comment about the scams you have encountered to help others avoid these bad companies and same pitfalls)
This weekend alone I encountered 2 local Real Estate Companies that scammed homeowners into telling them they would buy their homes.  One of them  presented a short sale offer so ridiculously low that the bank didn't take the offer, then the Real Estate Company told the homeowner they will look for other investors and get her the number needed, but NEVER listed the house on the MLS, no SIGN, no ads even on their own website..NOTHING!  This poor lady is getting foreclosed on … (22 comments)

foreclosure: Agents Listing A Short Sale On Their Own Home - 07/10/08 01:23 AM
 Agents Beware!   The lender can take 100% of your commission and apply it to what's owed the lender if they catch you being the agent of your own Short Sale. 
Think about it.  As the Seller you are not allowed to profit anything from a Short Sale, so why wouldn't the lender take the commissions if they were going to you?  You are asking them to forgive tens of thousands of dollars in debt and you want to try and walk away with a few thousand of that?
In my office, listing your own Short Sale is NOT allowed!  Agents are too emotionally attached to … (9 comments)