Beware of Short Sale Scams

By
Real Estate Agent with FREEDOM REALTY

We had Two REALTORS going around getting people to sign their homes over to an investment company that they owned. They would tell customers, "If they signed their homes over they would get with the lender and STOP the foreclosure." They could sell the home and help the Homeowner. Turns out they would sell the home and Not give the homeowner anything. And in some case, if the home was empty, they would forge the homeowners name on a quick claim deed, and sell the property. The FBI Raided their office. It was on the locale news, giving us REALTOR another black eye. The sad part is, until this goes to court, they still have their Real Estate license.

 

Posted by

Roger Radcliff

FREEDOM REALTY

Broker/Owner

Licensed in Louisiana

 

Comments (2)

Dennis Burgess
AmeriTeam Property Management - Mid Florida, FL
Orlando Property Manager and Realtor

Come on, Roger...scams in the short-sale business?    You've got to be kidding.

Apr 08, 2011 08:21 PM
Christine McDaniel
Christine McDaniel Realty, LLC - Avon, IN
Broker Associate

Oh my goodness!  That's awful.  It's even worse for the honest real estate agents in the area.  It is hard enough when people generalize. 

Apr 09, 2011 05:48 PM