Is this fraud?

[CA renter]

Thanks for responding! 🙂

Just seems odd that prices would be bumped up and then sold right away during these times. As you all know, this was the M.O. of the fraudsters, so am always suspicious.

If it’s low, and they are getting multiple bids, why not just take the high bid. There doesn’t seem to be a need to raise the price…bird in the hand, and all.

[SD Realtor]

No worries. Actually Costa Laguna Estates is right in sdrealtors backyard. Jim Klinge also would more then likely have alot of background on the home.

Also check out 2324 La Costa Ave #A. It also has had a price increase prior to going into escrow. It is bank owned.

[SD Realtor]

No worries. Actually Costa Laguna Estates is right in sdrealtors backyard. Jim Klinge also would more then likely have alot of background on the home.

Also check out 2324 La Costa Ave #A. It also has had a price increase prior to going into escrow. It is bank owned.

[SD Realtor]

No worries. Actually Costa Laguna Estates is right in sdrealtors backyard. Jim Klinge also would more then likely have alot of background on the home.

Also check out 2324 La Costa Ave #A. It also has had a price increase prior to going into escrow. It is bank owned.

[SD Realtor]

No worries. Actually Costa Laguna Estates is right in sdrealtors backyard. Jim Klinge also would more then likely have alot of background on the home.

Also check out 2324 La Costa Ave #A. It also has had a price increase prior to going into escrow. It is bank owned.

[SD Realtor]

No worries. Actually Costa Laguna Estates is right in sdrealtors backyard. Jim Klinge also would more then likely have alot of background on the home.

Also check out 2324 La Costa Ave #A. It also has had a price increase prior to going into escrow. It is bank owned.

[TheBreeze]

The zero-down FHA loan and the buy-and-bail FHA loopholes mentioned above will be closed tomorrow (through a new law):

http://www.freep.com/apps/pbcs.dll/article?AID=/20080930/BUSINESS04/809300329

http://www.pressdemocrat.com/article/20080929/BUSINESSJOURNAL/809260218?Title=Residential_Real_Estate__FHA_closes__buy__bail__loophole

However, there’s some new FHA program, “FHA Hope for Homeowners” that is also part of the new law scheduled to go into effect tomorrow:

http://www.washingtonpost.com/wp-dyn/content/article/2008/09/27/AR2008092700418.html?hpid=sec-business

A separate bailout for troubled homeowners is supposed to launch this week. The new “Hope for Homeowners” program, passed in late July, is scheduled to go into effect Wednesday. (That’s lightning speed by government standards.) It’s designed to allow refinancing for people who cannot pay their mortgage and who can’t refinance into something better because their home value is now too low to pay off the unaffordable old loan.

Under the program, those borrowers may qualify for a new, 30-year, fixed-rate mortgage insured by the Federal Housing Administration if (and it’s a huge if) their current lender agrees to forgive enough of their debt so that they would have at least 10 percent equity, right now.
ad_icon

These FHA loans are not available to people who could afford to keep paying their current loans but who don’t want to because the home has lost value. Nor are they available to investors, flippers or to anyone who owns a second home.

It’s just like our government to try and reward those who are acting irresponsibly (not paying on their mortgages) at the expense of those who are paying their mortgages on time.

[TheBreeze]

The zero-down FHA loan and the buy-and-bail FHA loopholes mentioned above will be closed tomorrow (through a new law):

http://www.freep.com/apps/pbcs.dll/article?AID=/20080930/BUSINESS04/809300329

http://www.pressdemocrat.com/article/20080929/BUSINESSJOURNAL/809260218?Title=Residential_Real_Estate__FHA_closes__buy__bail__loophole

However, there’s some new FHA program, “FHA Hope for Homeowners” that is also part of the new law scheduled to go into effect tomorrow:

http://www.washingtonpost.com/wp-dyn/content/article/2008/09/27/AR2008092700418.html?hpid=sec-business

A separate bailout for troubled homeowners is supposed to launch this week. The new “Hope for Homeowners” program, passed in late July, is scheduled to go into effect Wednesday. (That’s lightning speed by government standards.) It’s designed to allow refinancing for people who cannot pay their mortgage and who can’t refinance into something better because their home value is now too low to pay off the unaffordable old loan.

Under the program, those borrowers may qualify for a new, 30-year, fixed-rate mortgage insured by the Federal Housing Administration if (and it’s a huge if) their current lender agrees to forgive enough of their debt so that they would have at least 10 percent equity, right now.
ad_icon

These FHA loans are not available to people who could afford to keep paying their current loans but who don’t want to because the home has lost value. Nor are they available to investors, flippers or to anyone who owns a second home.

It’s just like our government to try and reward those who are acting irresponsibly (not paying on their mortgages) at the expense of those who are paying their mortgages on time.

[TheBreeze]

The zero-down FHA loan and the buy-and-bail FHA loopholes mentioned above will be closed tomorrow (through a new law):

http://www.freep.com/apps/pbcs.dll/article?AID=/20080930/BUSINESS04/809300329

http://www.pressdemocrat.com/article/20080929/BUSINESSJOURNAL/809260218?Title=Residential_Real_Estate__FHA_closes__buy__bail__loophole

However, there’s some new FHA program, “FHA Hope for Homeowners” that is also part of the new law scheduled to go into effect tomorrow:

http://www.washingtonpost.com/wp-dyn/content/article/2008/09/27/AR2008092700418.html?hpid=sec-business

A separate bailout for troubled homeowners is supposed to launch this week. The new “Hope for Homeowners” program, passed in late July, is scheduled to go into effect Wednesday. (That’s lightning speed by government standards.) It’s designed to allow refinancing for people who cannot pay their mortgage and who can’t refinance into something better because their home value is now too low to pay off the unaffordable old loan.

Under the program, those borrowers may qualify for a new, 30-year, fixed-rate mortgage insured by the Federal Housing Administration if (and it’s a huge if) their current lender agrees to forgive enough of their debt so that they would have at least 10 percent equity, right now.
ad_icon

These FHA loans are not available to people who could afford to keep paying their current loans but who don’t want to because the home has lost value. Nor are they available to investors, flippers or to anyone who owns a second home.

It’s just like our government to try and reward those who are acting irresponsibly (not paying on their mortgages) at the expense of those who are paying their mortgages on time.

[TheBreeze]

The zero-down FHA loan and the buy-and-bail FHA loopholes mentioned above will be closed tomorrow (through a new law):

http://www.freep.com/apps/pbcs.dll/article?AID=/20080930/BUSINESS04/809300329

http://www.pressdemocrat.com/article/20080929/BUSINESSJOURNAL/809260218?Title=Residential_Real_Estate__FHA_closes__buy__bail__loophole

However, there’s some new FHA program, “FHA Hope for Homeowners” that is also part of the new law scheduled to go into effect tomorrow:

http://www.washingtonpost.com/wp-dyn/content/article/2008/09/27/AR2008092700418.html?hpid=sec-business

A separate bailout for troubled homeowners is supposed to launch this week. The new “Hope for Homeowners” program, passed in late July, is scheduled to go into effect Wednesday. (That’s lightning speed by government standards.) It’s designed to allow refinancing for people who cannot pay their mortgage and who can’t refinance into something better because their home value is now too low to pay off the unaffordable old loan.

Under the program, those borrowers may qualify for a new, 30-year, fixed-rate mortgage insured by the Federal Housing Administration if (and it’s a huge if) their current lender agrees to forgive enough of their debt so that they would have at least 10 percent equity, right now.
ad_icon

These FHA loans are not available to people who could afford to keep paying their current loans but who don’t want to because the home has lost value. Nor are they available to investors, flippers or to anyone who owns a second home.

It’s just like our government to try and reward those who are acting irresponsibly (not paying on their mortgages) at the expense of those who are paying their mortgages on time.

[TheBreeze]

The zero-down FHA loan and the buy-and-bail FHA loopholes mentioned above will be closed tomorrow (through a new law):

http://www.freep.com/apps/pbcs.dll/article?AID=/20080930/BUSINESS04/809300329

http://www.pressdemocrat.com/article/20080929/BUSINESSJOURNAL/809260218?Title=Residential_Real_Estate__FHA_closes__buy__bail__loophole

However, there’s some new FHA program, “FHA Hope for Homeowners” that is also part of the new law scheduled to go into effect tomorrow:

http://www.washingtonpost.com/wp-dyn/content/article/2008/09/27/AR2008092700418.html?hpid=sec-business

A separate bailout for troubled homeowners is supposed to launch this week. The new “Hope for Homeowners” program, passed in late July, is scheduled to go into effect Wednesday. (That’s lightning speed by government standards.) It’s designed to allow refinancing for people who cannot pay their mortgage and who can’t refinance into something better because their home value is now too low to pay off the unaffordable old loan.

Under the program, those borrowers may qualify for a new, 30-year, fixed-rate mortgage insured by the Federal Housing Administration if (and it’s a huge if) their current lender agrees to forgive enough of their debt so that they would have at least 10 percent equity, right now.
ad_icon

These FHA loans are not available to people who could afford to keep paying their current loans but who don’t want to because the home has lost value. Nor are they available to investors, flippers or to anyone who owns a second home.

It’s just like our government to try and reward those who are acting irresponsibly (not paying on their mortgages) at the expense of those who are paying their mortgages on time.

[Author]

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