When did you realator buy his home? Does he rent? Do you think he had inside knowledge of the downturn or that you were going to struggle financially with the home? How long has he been in the real estate business? Does he have clients that bought 7 or 8 years ago and are singing his praises?
Timing is a bitch. It can make you seem like a hero or a goat. He might still be scum but I unless you feel that he was banking on you going into short sale positiot I would think that he falls into the same category as every other realtor at the moment who has sold a home to a willing buyer from 2003 to 2007.
What you you really need to do is figure out what your losses are going to look like, explore loan modification, or start to tap into an investor in the form of a family member or a roomate and see if they can’t help subsidize the cost until the next upturn or until you financial situation changes.
By my standards the realator did his job. He sold the home. Unfortunately that was to you. Your hope might be that he is as competent with others.
I don’t presume you want Rustico marketing your home telling every portential buyer not to buy and how unfavorable the market is at the moment. No knock on Rustico.
