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Blog entries tagged with "kickbacks":
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The other story that may seem unbelievable is the following:
There was a certain company who came up with a scheme. The would hire very attractive 20 year old hispanic, spanish speaking girls. Their job was to approach single men at Hispanic markets and our lhuge flea market and ask them … (0 comments)
While the real estate market is definitely improving, it is still not the crazy market of a couple years ago. The slower pace seems to have created some new issues, at least for me. I am involved in a new home community in which a mortgage broker has very persistantly persued us to send mortgages … (13 comments)
Greensboro, Winston-Salem, High-Point homeowners have an alternative to bad service and denied claims. Find Out How to Avoid Being Ripped Off ! A TARNISHED REPUTATION A lot of Realtors offer home warranties to their clients, But many may not know that the credibilty of the home warranty industry is tarnished in the eye of the public. And for GOOD REASON. The … (0 comments)
Some of you have been reading my blabbering for years and may remember the death threats from a certain real estate agent in Corpus Christi for challenging him about the legality of a $50,000 rebate to the buyer on the purchase of a $200,000 home. Funny, I sent him my photo, … (8 comments)
I deal with allot of investors, and every once in awhile I get connected with a "mark". It seems like it is always the same story. Some guy who drives a fancy car, wears a nice watch, and "big shots" impresses some fellow who makes an honest $25,000/year. The "investor" tells … (5 comments)
The Shot Heard Around The World!!!Have you ever heard that expression used in our history classes. It originated from the opening stanza of Ralph Waldo Emerson's Concord Hymn (1837), and describes the impact of the battle at Old North Bridge in Concord, Massachusetts, on April 19, 1775. It essentially was the … (8 comments)
Trick or Treat for Mortgage Fraud
So, I've now been a title rep for 6 weeks. It's been an invigorating, tiring, challenging, exciting and frustrating experience. I've met so many wonderful people and I feel I've really been able to help some by providing access to free lead and title profile programs - which is exactly why after … (3 comments)
I just read Aaron Gordon's blog about an agent that actually thought it was OK to ask for a referral fee from his mortgage broker. My suggestion is to turn this clown in to HUD. As Aaron pointed out this activity a direct violation of section 8 of RESPA. Many new agents … (3 comments)
I have recently struggled with the issue of good referrers and how to reward them. It is one thing if the referrers are real estate agents, appraisers, title companies, and other industry insiders as it is advantageous for you to perform well because they are probably resulting in the business too. … (4 comments)
When this market cools, a lot a lot will be in hot water! Have you been paying attention to the news these last few weeks, and days? Beazer Homes? There was another story on TV in the last few days about a builder in Charlotte NC that had a $1 Move In … (11 comments)
It's a new year and I thought it important to review RESPA. I have numerous clients and Realtors ask me what type of referral fee I offer - In the spirit of RESPA I have to say none. In response I always get the name and company of the Realtor or … (4 comments)
Today I attended the first of a 6 day class to become a licensed title abstractor. (it's too difficult to do the affiliated business thing so I'll just do my own thing!). I was amazed at how much of what we believe is ok to do, is really illegal in Florida. … (5 comments)