fraud: Global Warming Fraud?
- 11/27/09 03:38 PM
"The Icecaps are melting!" Does this make you very nervous? What if the icecaps were not only melting on earth, but on Mars at the same time? But wait a minute, there are no humans on mars, no factories, no airplanes, no autos, no polluters, and no EPA to stop the pollution! What's really happening? (National Geographic) Do you believe in global warming? Well before you answer this, a lot of major fraud that has been uncovered in the last few weeks have exposed quite a bit of manipulation of the data. Before they pass all these new carbon credits and taxes on … (40 comments)
fraud: Mortgage Fraud 101 – Short Sale Fraud
- 07/09/09 09:40 PM
All too often in real estate we focus on the sensational stories and neglect the most obvious abuses of mortgage fraud. Since fraud is involves stealing something that's not yours there are many ways to take something that you are not entitled to. It starts with deception, and ends with the possession of ill gained goods. Since short sales en-masse are so new, everyone assumes the process is transparent and legal. I am taking the position it isn't, and it is mired in deception and fraud. Real Estate has always been know for change - it is our only constant. Right now … (177 comments)
fraud: Real Estate Double Talk
- 06/30/09 02:10 AM
There is an old saying that says "Ice Cream has No Bones!" It does not mean anything but in real estate we are inundated with nonsense everyday in negotiations. Slight of hand works great in a magic show, but not in contact negotiations where it paves the way for fraud and deception. Despite our own innermost warnings, we have become so numbed to gibberish and doubletalk we sometimes move forward into a deal that we should not. Such actions redefine the word "Trust" and only can be likened to the wolves gaurding the sheep. New homes builders seem to abuse this issue … (8 comments)
fraud: Pocketing the Listing - Unethical Behavior
- 06/25/09 11:00 AM
In many real estate markets some listing agents think they are clever advertising ‘pre-listings', or the latest one I've seen on some yard signs as a rider that says "coming soon!" Upon further investigation, you'll find these listings are not entered into the MLS system. Under most state real estate license boards it is illegal to advertise a property for sale where the listing agreement has not yet been signed. Implied representation is deceptive and fraudulent. For most Realtors® and MLS board members there is an agreement and understanding that all participating brokers will place all their listings into the MLS systems, and … (214 comments)
fraud: Bailout Loopholes! Has This Country Gone Mad?
- 11/15/08 08:34 AM
I just finished reading a news story that broke within the last hour. The story talks about an insurer company that wants to buy a bank so they can qualify for government aid! The story mentions that Hartford Financial Services wants to purchase a Florida based Federal Trust Bank for 10 million dollars so it would make the insurer a Federally insured savings and loan bank! When recognized as a bank...the company will be eligible to apply for Federal assistance. If the Insurers plan works and they become a bank - they will be eligible for up to 3.4 billion dollars. Sounds like 'wolves … (32 comments)
fraud: Double Dipping and Doing the Right Thing!
- 11/11/08 01:49 AM
Every agent in real estate occasionally is blessed to sell a home and get both sides of the deal, but what about the agent that does this all the time? There is something wrong with this. I'm sorry, but the longer I am in real estate the one thing that gets me crazy are unethical agents. Listing agents that double dip and push away better offers because they want to get both sides of the deal. It is sickening, self serving, unethical and may sometimes be illegal. I have had several run ins with other agents both personally and professionally that … (36 comments)
fraud: What's Next?
- 09/26/08 07:22 AM
This will go down in my personal history books as the year I do not want to repeat. I get sick of turning on the news, or reading business news on the internet and learning of historic failures of banks, companies and yes bailouts. What bothers me most is the piece meal bailouts. This bank is too big to fail so we must buy them out. My fear? Cronyism. Maybe one bank gets bailed out because they play political favors with politicians and another doesn't. Sort of like Countrywide Mortgage. No indictments, no investigations. That bothers me a lot. Yesterday's big … (52 comments)
fraud: Real Estate Scams Something New Every Day! | New Real Estate Scams
- 01/08/08 10:31 AM
When do the real estate scams end? I give up! I guess it is easy to let our guard down with most of the scams in real estate for the last few years involving financing, and mortgage fraud! I thought hey only involved stolen, fake, or forged bank checks! I was wrong! Just when you think that you heard them all, new scams arise! Bogus, fake, and there is a sucker born every minute that will fall for each one of them! I heard of a great real estate scam this week that I though was demonic! These new scams take the cake as far … (20 comments)
fraud: Craigslist Atlanta - Is CraigsList.Com the Best Place to Find Atlanta Real Estate?
- 11/07/07 07:46 AM
Is Craigslist.com the best place to find Atlanta real estate and Atlanta homes for sale? "No!" To the informed Atlanta Home buyer it is extremely limited in homes and real estate inventory that are presented, scope and applicable date that a home buyer would need to see if they are really getting a great deal! Our Atlanta MLS has access to over 115000 listings and Active Atlanta homes for sale!. The new buzz and hype are not to be confused with the realities of real estate. For the last few years it has been trendy to be into real estate. As consumers, investors, and viewers … (21 comments)
fraud: When this market cools, a lot a lot will be in hot water!
- 03/28/07 04:18 AM
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 Special! Too bad over 70 homeowners in one subdivision have gone into foreclosure. Lenders, investors,personal investments, real estate consultants, flipping, inflated home values, tax exchanges will get a good going over with a magnifying glass looking for irregularities. Loan fraud, straw buyers, phony appraisals, crooked appraisers, kickbacks to an from lenders, and … (11 comments)
"The Icecaps are melting!" Does this make you very nervous? What if the icecaps were not only melting on earth, but on Mars at the same time? But wait a minute, there are no humans on mars, no factories, no airplanes, no autos, no polluters, and no EPA to stop the pollution! What's really happening? (National Geographic)
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