- This topic has 100 replies, 12 voices, and was last updated 16 years, 6 months ago by
barnaby33.
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November 9, 2007 at 12:28 PM #97813November 9, 2007 at 12:28 PM #97819
Raybyrnes
Participantwrong thread
November 9, 2007 at 12:34 PM #97751SD Realtor
ParticipantSnail –
The point that San Diego was making is that if there is any repatriation of funds between buyer/seller that is done outside of escrow then it is mortgage fraud without question. I could not tell from the original post if that 20k was done in escrow or out of escrow, thus I did not comment.
SD Realtor
November 9, 2007 at 12:34 PM #97816ParticipantSnail –
The point that San Diego was making is that if there is any repatriation of funds between buyer/seller that is done outside of escrow then it is mortgage fraud without question. I could not tell from the original post if that 20k was done in escrow or out of escrow, thus I did not comment.
SD Realtor
November 9, 2007 at 12:34 PM #97825ParticipantSnail –
The point that San Diego was making is that if there is any repatriation of funds between buyer/seller that is done outside of escrow then it is mortgage fraud without question. I could not tell from the original post if that 20k was done in escrow or out of escrow, thus I did not comment.
SD Realtor
November 9, 2007 at 12:34 PM #97834ParticipantSnail –
The point that San Diego was making is that if there is any repatriation of funds between buyer/seller that is done outside of escrow then it is mortgage fraud without question. I could not tell from the original post if that 20k was done in escrow or out of escrow, thus I did not comment.
SD Realtor
November 9, 2007 at 1:10 PM #97787LostCat
ParticipantThe 20k was done within the escrow agreement, all was legal. I am not sure what the person used it for. In hindsight, I am sure they spent it on crap and didn’t roll it back into the place. Once again, this was done prior to the recent bubble bomb and before brokers and lenders started to realize there was as much termoil in the industry as originally thought.
When my wife and I left our place, we left flowers and a card welcoming the person to their new home. We even left our phone number so that if they had any questions they could contact us. We never heard from them.
Who knows, the point is: If you want to sell in this market, I believe you have to be willing to stop thinking of your home as an investment or a cash cow. You have to be willing to get out in practical terms. Lowering the price a great deal is practical in many ways.
November 9, 2007 at 1:10 PM #97853ParticipantThe 20k was done within the escrow agreement, all was legal. I am not sure what the person used it for. In hindsight, I am sure they spent it on crap and didn’t roll it back into the place. Once again, this was done prior to the recent bubble bomb and before brokers and lenders started to realize there was as much termoil in the industry as originally thought.
When my wife and I left our place, we left flowers and a card welcoming the person to their new home. We even left our phone number so that if they had any questions they could contact us. We never heard from them.
Who knows, the point is: If you want to sell in this market, I believe you have to be willing to stop thinking of your home as an investment or a cash cow. You have to be willing to get out in practical terms. Lowering the price a great deal is practical in many ways.
November 9, 2007 at 1:10 PM #97860ParticipantThe 20k was done within the escrow agreement, all was legal. I am not sure what the person used it for. In hindsight, I am sure they spent it on crap and didn’t roll it back into the place. Once again, this was done prior to the recent bubble bomb and before brokers and lenders started to realize there was as much termoil in the industry as originally thought.
When my wife and I left our place, we left flowers and a card welcoming the person to their new home. We even left our phone number so that if they had any questions they could contact us. We never heard from them.
Who knows, the point is: If you want to sell in this market, I believe you have to be willing to stop thinking of your home as an investment or a cash cow. You have to be willing to get out in practical terms. Lowering the price a great deal is practical in many ways.
November 9, 2007 at 1:10 PM #97867ParticipantThe 20k was done within the escrow agreement, all was legal. I am not sure what the person used it for. In hindsight, I am sure they spent it on crap and didn’t roll it back into the place. Once again, this was done prior to the recent bubble bomb and before brokers and lenders started to realize there was as much termoil in the industry as originally thought.
When my wife and I left our place, we left flowers and a card welcoming the person to their new home. We even left our phone number so that if they had any questions they could contact us. We never heard from them.
Who knows, the point is: If you want to sell in this market, I believe you have to be willing to stop thinking of your home as an investment or a cash cow. You have to be willing to get out in practical terms. Lowering the price a great deal is practical in many ways.
November 9, 2007 at 1:13 PM #97792OwnerOfCalifornia
Participantedit: question answered
November 9, 2007 at 1:13 PM #97858Participantedit: question answered
November 9, 2007 at 1:13 PM #97865Participantedit: question answered
November 9, 2007 at 1:13 PM #97871Participantedit: question answered
November 9, 2007 at 1:26 PM #97812snail
Participantdone outside of escrow then it is mortgage fraud without question.
SD, is there is anybody that suppose to be somehow investigating this type of funny transaction and make people at least cringe when somebody is asking for this kickback? Is the bank doesn’t care anymore?
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