I can't help but smile at being a Realtor. After 5 years in the business, I thought I had seen almost everything. Between what I read on Active Rain and what is happening in my own business, have been proven wrong time and time again this year.
My latest comes from a client I am working with on the short sale of her home. We got a response/approval from the bank and she ran the offer by her real estate attorney and tax person to make sure it was going to work for her. While running it by her tax guy, he suggested my client talk with his "short sale specialist". Not sure why he would recommend she talk to a Realtor at this point, but that is a different blog.
My seller gave her a call and during their conversation, the "short sale specialist" advised my client that she should have hidden any and all assets from the bank to make it look like she has no money. That way the bank would not ask for any additional funds and let the short sale go forward.
Hearing this, my client called to let me know that I am giving her bad advice.
I have issue with an agent who does not know what is going on to give advice on what my client should be doing. What I really have issue with, is that she would advise my client to commit fraud.
I know the odds of getting caught are very low. What are your thoughts on this topic?
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