You’re making the assumption that just because your deals *might not* be fraudulent, that none of them are. I know for a fact that short sale fraud is rampant, and have seen a few examples, personally, in addition to reading about others.
[/quote]
Again, fraud has a specific meaning and without a lie or a damaged party, there is, by definition, no fraud.
[quote=CA renter]
Even in the example you give regarding the condo; if the short seller or agent claimed that the deal was an open-market and arms-length transaction, that would be a lie. If they sold the condo for less than it would have gotten on the open market with adequate market time (at least two weeks), then they defrauded the bank, and probably defrauded the govt/taxpayers/mortgage insurers as a result.
[/quote]
Making an offer to a seller is, by definition, an open market transaction.
The buyer defines the market as much as the seller.
Putting it on the MLS does not make it more open market.
There is no defrauding going on here.
[quote=CA renter]
As for the party who brings more to the site, I think we can examine our past posts to see who has brought different perspectives, knowledge, and experience (about a variety of topics) vs. who has simply name-called and cursed his way into intimidating other posters. I have no idea why you think your posts are valuable. Most of the time, you just stomp your feet, scream, shout, cuss, and make personal digs at people. At least I come armed with facts and well-reasoned opinions, and always do my best to debate topics rather than make personal attacks just because somebody doesn’t agree with me.[/quote]
You don’t have facts and you really seem to not understand how a market works in logical terms.
You have complaints that markets don’t function in a way that you see as ideal and that asymmetric information (which is rampant in all markets) comes into play at times.
I was not aware that you could hear my screaming or foot stomping but perhaps that is as real to you as the “fraud” you complain about.
You have, on a consistent basis complained about “major fraud”, “rampant fraud”, or “kermit the fraud”.
If you cannot specifically identify fraud and just see it everywhere then you are vulnerable to being injured by it.
Basically a point (or pointing finger) in every direction is the same as no direction.
I do not doubt that you have good understanding and insights into some topics (I know not what) but real estate is certainly not one of those fields.
I sincerely recommend that you employ reputable and vexatious representation if you ever decide to buy or that you just avoid buying altogether.
While cheap shots are fun, I do not wish for another sucker to be added to the list.
