[quote=sdrealtor]ditto SD R,
I dont see much in the way of fraud attempts either. Mostly greedy agents.
sdr[/quote]
If the listing agent is claiming that it’s the “highest and best” offer to the bank, yet is failing to market the property or even accept any market-based offers, I call that fraud.
They are defrauding the banks — which just so happen to be propped up by the taxpayers right now, and that makes it more egregious than ever.
Sorry, sdr, but it does not require a rocket scientist to determine what the “highest and best” offer is.
A bank is just as capable of determining market-based pricing, if not more capable. They did just fine with their appraisals before the growth of the mortgage brokerage industry. I’d like to see more accountability in the process.
