[quote=sdrealtor]That last one gives me a little pause. You should see the photos from the prior listinga few onths earlier. Was listed at 3.2M and the photos paint a compeltely different picture. In comparison these photos look like an intentional attempt to keep buyers away and to short sale below market value.
Does anyone else here understand what almost an acre of flat/usable southwest facing land on La Jolla Farms Road is worth? Lots of people with similar sounding names invovled on this one.[/quote]
Seller: Ali and Ben (Behnaz) Tashakorian
Works in Jewlery and Real Estate for Marcus&Millichap.
Listing agent: Soroya Baloyan
Works as an agent with Pru at the same office as Barry (Bhezad) Tashakorian
Buyer: Brett Barrad and Melissa Barrad
Works in Jewelry. The Barrads seem to buy a lot of distressed property.
Buyer’s agent: Esmail Farmouhand
Works as an agent at Pru with Barry and Soraya
Also:
Barry, Soroya, and Essy are all part of a team under Barry Leadership.
Does this mean that there is fraud?
NO.
Although it is possible.
It means that all the agents knew each other and likely knew the seller pretty well also. Not uncommon.
It might suggest that the seller also knew the buyer.
However, we don’t know that.
The buyers certainly knew the agents well.
They used them for multiple sales and purchases over the years.
Based on their acquisitions, I would consider them very savvy investors.
The buyers buy a lot of financially distressed property.
I suspect the most likely scenario is that the buyers asked their agent about any distressed sales near the beach (this place has been continuously for sale for several years) and the agent said
“well actually, my brother’s place….”.
Was this disclosed to the bank?
Quite possibly.
In my experience (which is not vast), banks tend to allow much more latitude with price and relationships in high-dollar-amount situations.
I recently lost a bid on a townhouse short sale because the bank allowed the seller to sell it to her sister (whom she liked more than my buyer).
In the final analysis, it is primarily the banks who stand to get hurt here and a lot of them allow this sort of thing.
Unless the bank comes crying saying they were duped, I don’t see a real victim here.
