Mira Mesa dropping real fast, 10634 Kemerton Rd.

[NotCranky]

[quote=briansd1]Jacarandoso, of course the wink wink deals are happening.

As I’ve said before, when the banks make it easy to short sell, then everybody who’s underwater should short-sell to a buddy.

If the seller or agent can control who the buyer is, then they can work the system. The bank can approve or reject the deal. But the odds are on the side of the seller/buyer.[/quote]

Brian, I would say something but I know you and my better half are too pragmatic to have a problem with pervasive corruption happening on Obama’s watch, at the national level, in one of the most important aspects of American life and the American economy.

We understand the he is the moral compass but only has so much power…

[SD Realtor]

I think that if you look at the numbers you will find that the moajority of deals are actually above the board so to speak. This is not to say that there are not double ended deals where the agent hand picks the buyer but that is not the standard like you are allunding to. I did a study for someone awhile back on Battiata. You would be surprised how many deals of his are NOT double ended. The fact that a good percentage of his deals end up as expireds or cancelled was a testament to poor processing at his office more then anything else. Elegado does a huge volume of distress deals and same thing with his numbers. I have had both buyers and sellers execute short sales with no problems. sdrealtor has as well.

Go ahead and pick a zip code and a month and I can do the solds for you and lets see how many of the solds were double ended.

Again, there are plenty of problems out there and the system could very easily be improved but there seems to be no interest in doing so. You want a place bad enough you can get one. It is not easy and it is quite frustrating but to say that there is an institutionalized fraudulent system where nothing can get bought is an overdramatization.

[SD Realtor]

I think that if you look at the numbers you will find that the moajority of deals are actually above the board so to speak. This is not to say that there are not double ended deals where the agent hand picks the buyer but that is not the standard like you are allunding to. I did a study for someone awhile back on Battiata. You would be surprised how many deals of his are NOT double ended. The fact that a good percentage of his deals end up as expireds or cancelled was a testament to poor processing at his office more then anything else. Elegado does a huge volume of distress deals and same thing with his numbers. I have had both buyers and sellers execute short sales with no problems. sdrealtor has as well.

Go ahead and pick a zip code and a month and I can do the solds for you and lets see how many of the solds were double ended.

Again, there are plenty of problems out there and the system could very easily be improved but there seems to be no interest in doing so. You want a place bad enough you can get one. It is not easy and it is quite frustrating but to say that there is an institutionalized fraudulent system where nothing can get bought is an overdramatization.

[SD Realtor]

I think that if you look at the numbers you will find that the moajority of deals are actually above the board so to speak. This is not to say that there are not double ended deals where the agent hand picks the buyer but that is not the standard like you are allunding to. I did a study for someone awhile back on Battiata. You would be surprised how many deals of his are NOT double ended. The fact that a good percentage of his deals end up as expireds or cancelled was a testament to poor processing at his office more then anything else. Elegado does a huge volume of distress deals and same thing with his numbers. I have had both buyers and sellers execute short sales with no problems. sdrealtor has as well.

Go ahead and pick a zip code and a month and I can do the solds for you and lets see how many of the solds were double ended.

Again, there are plenty of problems out there and the system could very easily be improved but there seems to be no interest in doing so. You want a place bad enough you can get one. It is not easy and it is quite frustrating but to say that there is an institutionalized fraudulent system where nothing can get bought is an overdramatization.

[SD Realtor]

I think that if you look at the numbers you will find that the moajority of deals are actually above the board so to speak. This is not to say that there are not double ended deals where the agent hand picks the buyer but that is not the standard like you are allunding to. I did a study for someone awhile back on Battiata. You would be surprised how many deals of his are NOT double ended. The fact that a good percentage of his deals end up as expireds or cancelled was a testament to poor processing at his office more then anything else. Elegado does a huge volume of distress deals and same thing with his numbers. I have had both buyers and sellers execute short sales with no problems. sdrealtor has as well.

Go ahead and pick a zip code and a month and I can do the solds for you and lets see how many of the solds were double ended.

Again, there are plenty of problems out there and the system could very easily be improved but there seems to be no interest in doing so. You want a place bad enough you can get one. It is not easy and it is quite frustrating but to say that there is an institutionalized fraudulent system where nothing can get bought is an overdramatization.

[SD Realtor]

I think that if you look at the numbers you will find that the moajority of deals are actually above the board so to speak. This is not to say that there are not double ended deals where the agent hand picks the buyer but that is not the standard like you are allunding to. I did a study for someone awhile back on Battiata. You would be surprised how many deals of his are NOT double ended. The fact that a good percentage of his deals end up as expireds or cancelled was a testament to poor processing at his office more then anything else. Elegado does a huge volume of distress deals and same thing with his numbers. I have had both buyers and sellers execute short sales with no problems. sdrealtor has as well.

Go ahead and pick a zip code and a month and I can do the solds for you and lets see how many of the solds were double ended.

Again, there are plenty of problems out there and the system could very easily be improved but there seems to be no interest in doing so. You want a place bad enough you can get one. It is not easy and it is quite frustrating but to say that there is an institutionalized fraudulent system where nothing can get bought is an overdramatization.

[NotCranky]

I didn’t say it was standard. I do say that the practice has met institutionalized de facto approval as a means of selling some houses. Besides that, maybe it’s just getting warmed up. It took a while for liar loans and subsequent massive inflation of home prices to get going. Guess it’s time to get a Realtor and start fishing for short sellers. Maybe Ocrenter will make a blog about it?
Double sided commissions don’t even have to be evident as proof of deal steering either. Two realtors can participate easily.

[NotCranky]

I didn’t say it was standard. I do say that the practice has met institutionalized de facto approval as a means of selling some houses. Besides that, maybe it’s just getting warmed up. It took a while for liar loans and subsequent massive inflation of home prices to get going. Guess it’s time to get a Realtor and start fishing for short sellers. Maybe Ocrenter will make a blog about it?
Double sided commissions don’t even have to be evident as proof of deal steering either. Two realtors can participate easily.

[NotCranky]

I didn’t say it was standard. I do say that the practice has met institutionalized de facto approval as a means of selling some houses. Besides that, maybe it’s just getting warmed up. It took a while for liar loans and subsequent massive inflation of home prices to get going. Guess it’s time to get a Realtor and start fishing for short sellers. Maybe Ocrenter will make a blog about it?
Double sided commissions don’t even have to be evident as proof of deal steering either. Two realtors can participate easily.

[NotCranky]

I didn’t say it was standard. I do say that the practice has met institutionalized de facto approval as a means of selling some houses. Besides that, maybe it’s just getting warmed up. It took a while for liar loans and subsequent massive inflation of home prices to get going. Guess it’s time to get a Realtor and start fishing for short sellers. Maybe Ocrenter will make a blog about it?
Double sided commissions don’t even have to be evident as proof of deal steering either. Two realtors can participate easily.

[NotCranky]

I didn’t say it was standard. I do say that the practice has met institutionalized de facto approval as a means of selling some houses. Besides that, maybe it’s just getting warmed up. It took a while for liar loans and subsequent massive inflation of home prices to get going. Guess it’s time to get a Realtor and start fishing for short sellers. Maybe Ocrenter will make a blog about it?
Double sided commissions don’t even have to be evident as proof of deal steering either. Two realtors can participate easily.

[CA renter]

[quote=Jacarandoso]I didn’t say it was standard. I do say that the practice has met institutionalized de facto approval as a means of selling some houses. Besides that, maybe it’s just getting warmed up. It took a while for liar loans and subsequent massive inflation of home prices to get going. Guess it’s time to get a Realtor and start fishing for short sellers. Maybe Ocrenter will make a blog about it?
Double sided commissions don’t even have to be evident as proof of deal steering either. Two realtors can participate easily.[/quote]

Exactly right, Rustico.

As a matter of fact, a sale just went through that we placed an offer on.

We offered $58,500 more than the eventual sold price on this short sale. The agent waffled when we submitted our offer, and refused to give us any definitive answers about whether or not it was accepted. Since she controls so much of the inventory in our desired area, our agent didn’t want to piss her off by getting tough with her, so when it was marked contingent, we figured they got a better offer.

This short sale showed another selling agent/brokerage. IMHO, she is working with someone else now, in order to make the sales look more legitimate. She got a kickback of some kind somewhere, because it makes no sense for her to take that offer over ours. The bank lost, and the taxpayers likely have lost this money — all because of corrupt realtors.

We’ve made an offer on another one of her listings last year, and were under the final sale price by about $25K, but I’m now very suspicious about possible “seller concessions” that might have obscured the real price. She double-ended that one.

Sorry if the resident realtors get offended, but I’ve seen FAR too many fraudulent short sales to think that everything is above board.

BTW, we’re reporting her to the DRE and to the bank/servicer who held the previous mortgage. We are also reporting her to our local congressman, the OCC, and the FBI.

This shit has got to stop.

[CA renter]

[quote=Jacarandoso]I didn’t say it was standard. I do say that the practice has met institutionalized de facto approval as a means of selling some houses. Besides that, maybe it’s just getting warmed up. It took a while for liar loans and subsequent massive inflation of home prices to get going. Guess it’s time to get a Realtor and start fishing for short sellers. Maybe Ocrenter will make a blog about it?
Double sided commissions don’t even have to be evident as proof of deal steering either. Two realtors can participate easily.[/quote]

Exactly right, Rustico.

As a matter of fact, a sale just went through that we placed an offer on.

We offered $58,500 more than the eventual sold price on this short sale. The agent waffled when we submitted our offer, and refused to give us any definitive answers about whether or not it was accepted. Since she controls so much of the inventory in our desired area, our agent didn’t want to piss her off by getting tough with her, so when it was marked contingent, we figured they got a better offer.

This short sale showed another selling agent/brokerage. IMHO, she is working with someone else now, in order to make the sales look more legitimate. She got a kickback of some kind somewhere, because it makes no sense for her to take that offer over ours. The bank lost, and the taxpayers likely have lost this money — all because of corrupt realtors.

We’ve made an offer on another one of her listings last year, and were under the final sale price by about $25K, but I’m now very suspicious about possible “seller concessions” that might have obscured the real price. She double-ended that one.

Sorry if the resident realtors get offended, but I’ve seen FAR too many fraudulent short sales to think that everything is above board.

BTW, we’re reporting her to the DRE and to the bank/servicer who held the previous mortgage. We are also reporting her to our local congressman, the OCC, and the FBI.

This shit has got to stop.

[CA renter]

[quote=Jacarandoso]I didn’t say it was standard. I do say that the practice has met institutionalized de facto approval as a means of selling some houses. Besides that, maybe it’s just getting warmed up. It took a while for liar loans and subsequent massive inflation of home prices to get going. Guess it’s time to get a Realtor and start fishing for short sellers. Maybe Ocrenter will make a blog about it?
Double sided commissions don’t even have to be evident as proof of deal steering either. Two realtors can participate easily.[/quote]

Exactly right, Rustico.

As a matter of fact, a sale just went through that we placed an offer on.

We offered $58,500 more than the eventual sold price on this short sale. The agent waffled when we submitted our offer, and refused to give us any definitive answers about whether or not it was accepted. Since she controls so much of the inventory in our desired area, our agent didn’t want to piss her off by getting tough with her, so when it was marked contingent, we figured they got a better offer.

This short sale showed another selling agent/brokerage. IMHO, she is working with someone else now, in order to make the sales look more legitimate. She got a kickback of some kind somewhere, because it makes no sense for her to take that offer over ours. The bank lost, and the taxpayers likely have lost this money — all because of corrupt realtors.

We’ve made an offer on another one of her listings last year, and were under the final sale price by about $25K, but I’m now very suspicious about possible “seller concessions” that might have obscured the real price. She double-ended that one.

Sorry if the resident realtors get offended, but I’ve seen FAR too many fraudulent short sales to think that everything is above board.

BTW, we’re reporting her to the DRE and to the bank/servicer who held the previous mortgage. We are also reporting her to our local congressman, the OCC, and the FBI.

This shit has got to stop.

[CA renter]

[quote=Jacarandoso]I didn’t say it was standard. I do say that the practice has met institutionalized de facto approval as a means of selling some houses. Besides that, maybe it’s just getting warmed up. It took a while for liar loans and subsequent massive inflation of home prices to get going. Guess it’s time to get a Realtor and start fishing for short sellers. Maybe Ocrenter will make a blog about it?
Double sided commissions don’t even have to be evident as proof of deal steering either. Two realtors can participate easily.[/quote]

Exactly right, Rustico.

As a matter of fact, a sale just went through that we placed an offer on.

We offered $58,500 more than the eventual sold price on this short sale. The agent waffled when we submitted our offer, and refused to give us any definitive answers about whether or not it was accepted. Since she controls so much of the inventory in our desired area, our agent didn’t want to piss her off by getting tough with her, so when it was marked contingent, we figured they got a better offer.

This short sale showed another selling agent/brokerage. IMHO, she is working with someone else now, in order to make the sales look more legitimate. She got a kickback of some kind somewhere, because it makes no sense for her to take that offer over ours. The bank lost, and the taxpayers likely have lost this money — all because of corrupt realtors.

We’ve made an offer on another one of her listings last year, and were under the final sale price by about $25K, but I’m now very suspicious about possible “seller concessions” that might have obscured the real price. She double-ended that one.

Sorry if the resident realtors get offended, but I’ve seen FAR too many fraudulent short sales to think that everything is above board.

BTW, we’re reporting her to the DRE and to the bank/servicer who held the previous mortgage. We are also reporting her to our local congressman, the OCC, and the FBI.

This shit has got to stop.

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