Did you know that Florida is 1st in the Nation for fraud and foreclosure and Citrus County is 7th in the nation!! So much fraud has been going on around here, we wanted to share a story that happened to us recently.
We have a listing that is a short sale, we received a call from a local business man stating he wanted to do a deed in lieu of foreclosure. I explained that he was not the lien holder and only the lender go to that so he said let me explain what I want. I want the sellers to sign the deed over to me and keep the mortgage in their name. I explained that is fraud and most mortgages have an acceleration clause that would kick in at that point. Have no fear, he assured me that most banks to check into this kind of stuff and he had already done this on several other properties. At this point I was thinking are you serious. He then proceeded to tell me that a Realtor friend of his told him by law I must present all offers to my clients. I told him I would be happy to do so but that I would also recommend my clients not take the offer and talk to their lender of lawyer. When I called him back to say that the sellers are not interested in his offer, he actually told me it was because I did not know how to present it the correct way. Regardless of how I presented it, It is fraud and I will have no part of it.
I think we all need to pay attention to this kind of stuff going on. I am also hearing about people or companies that are putting in offers for $100s of thousands of dollars over asking price, having their appraiser do the appraisal and their title company close the deal. I know our clients want the most for their home, but if you do this you will get caught!!
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