[quote=HLS]I’m well aware of what goes on but I don’t see how it’s possible for anyone who had “a bankruptcy AND foreclosure” in the last 6 years to have bought another house since then AND have enough equity to do a cash out refi recently.
I don’t doubt that you have ‘personally heard’ about 4 different people doing this but do you happen to actually know any of them ?
I’m just curious. I’d like to speak to any one of the four and understand how they did it.[/quote]
If you are responding to me bankruptcy , foreclosure and subsequent purchase that is not what I said happened. The things I mentioned did happen and I said I won’t remember if anyone wants to know who, so no names.
I am pretty sure most busy agents can tell you about at least a few cases of each of the examples I gave, if they wanted to. I wouldn’t be surprised they happened a lot…especially some kind of kickback for cooperating with a short sale being a pocket listing steered to preferred buyers.
If agents are or were steering short sales to preferred buyers…I don’t think anyone is going to catch or enforce that.
