Yeah…… nothing like getting 3% on the front end and 3% on the back end AND a 2.5-6 % realtor commission to top things off ! This has been standard ops in most Filipino and Hispanic real estate businesses here in the South Bay.That’s why the coming crash in real estate will adversely affect these two groups of people more than others.
As a side note, 2 more realtors are defaulting on their ” investment” properties in Bonita Creek here in National City.
I believe that every realtor should lose his/her license if any property they show ownership in ends up in foreclosure.
