Home › Forums › Closed Forums › Properties or Areas › Short Sale Realtor in collusion with buyer, is it legal.
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SD Realtor.
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February 16, 2011 at 4:08 PM #668253February 16, 2011 at 4:22 PM #667114
urbanrealtor
ParticipantCAR,
I also have family in the business.
My great grandfather started selling real estate part time out the office of a Michigan lumber mill in 1905 (the lumber mill being a step up from the coal mine).
He opened his first shop in 1916.
All of his kids went into the business.
To this day, many northern midwest realty firms bear the family name.
His son, my grandfather headed the first MLS in Detroit in the 1930’s.
He then moved to California where he sold or developed most of the Silicon Valley (which was then called the Valley of Hearts Delight).
He and my grandmother (also an agent) lobbied Sacramento for protection of minorities from redlining and steering in the 1960’s (when it was not popular to do so).
My elder aunt (the widow of my pop’s kid brother) was a prominent agent in the Bay Area for many years before retiring.
My younger aunt is still a rather prominent agent there.
I really don’t believe any of that made me particularly knowledgeable about real estate but maybe your experience was different.
It did teach me about getting deals to work and about being honest.
However, I think actually doing real estate is the only thing that actually helps you understand it in any meaningful way.
My 2 bits.February 16, 2011 at 4:22 PM #667175ParticipantCAR,
I also have family in the business.
My great grandfather started selling real estate part time out the office of a Michigan lumber mill in 1905 (the lumber mill being a step up from the coal mine).
He opened his first shop in 1916.
All of his kids went into the business.
To this day, many northern midwest realty firms bear the family name.
His son, my grandfather headed the first MLS in Detroit in the 1930’s.
He then moved to California where he sold or developed most of the Silicon Valley (which was then called the Valley of Hearts Delight).
He and my grandmother (also an agent) lobbied Sacramento for protection of minorities from redlining and steering in the 1960’s (when it was not popular to do so).
My elder aunt (the widow of my pop’s kid brother) was a prominent agent in the Bay Area for many years before retiring.
My younger aunt is still a rather prominent agent there.
I really don’t believe any of that made me particularly knowledgeable about real estate but maybe your experience was different.
It did teach me about getting deals to work and about being honest.
However, I think actually doing real estate is the only thing that actually helps you understand it in any meaningful way.
My 2 bits.February 16, 2011 at 4:22 PM #667781ParticipantCAR,
I also have family in the business.
My great grandfather started selling real estate part time out the office of a Michigan lumber mill in 1905 (the lumber mill being a step up from the coal mine).
He opened his first shop in 1916.
All of his kids went into the business.
To this day, many northern midwest realty firms bear the family name.
His son, my grandfather headed the first MLS in Detroit in the 1930’s.
He then moved to California where he sold or developed most of the Silicon Valley (which was then called the Valley of Hearts Delight).
He and my grandmother (also an agent) lobbied Sacramento for protection of minorities from redlining and steering in the 1960’s (when it was not popular to do so).
My elder aunt (the widow of my pop’s kid brother) was a prominent agent in the Bay Area for many years before retiring.
My younger aunt is still a rather prominent agent there.
I really don’t believe any of that made me particularly knowledgeable about real estate but maybe your experience was different.
It did teach me about getting deals to work and about being honest.
However, I think actually doing real estate is the only thing that actually helps you understand it in any meaningful way.
My 2 bits.February 16, 2011 at 4:22 PM #667920ParticipantCAR,
I also have family in the business.
My great grandfather started selling real estate part time out the office of a Michigan lumber mill in 1905 (the lumber mill being a step up from the coal mine).
He opened his first shop in 1916.
All of his kids went into the business.
To this day, many northern midwest realty firms bear the family name.
His son, my grandfather headed the first MLS in Detroit in the 1930’s.
He then moved to California where he sold or developed most of the Silicon Valley (which was then called the Valley of Hearts Delight).
He and my grandmother (also an agent) lobbied Sacramento for protection of minorities from redlining and steering in the 1960’s (when it was not popular to do so).
My elder aunt (the widow of my pop’s kid brother) was a prominent agent in the Bay Area for many years before retiring.
My younger aunt is still a rather prominent agent there.
I really don’t believe any of that made me particularly knowledgeable about real estate but maybe your experience was different.
It did teach me about getting deals to work and about being honest.
However, I think actually doing real estate is the only thing that actually helps you understand it in any meaningful way.
My 2 bits.February 16, 2011 at 4:22 PM #668263ParticipantCAR,
I also have family in the business.
My great grandfather started selling real estate part time out the office of a Michigan lumber mill in 1905 (the lumber mill being a step up from the coal mine).
He opened his first shop in 1916.
All of his kids went into the business.
To this day, many northern midwest realty firms bear the family name.
His son, my grandfather headed the first MLS in Detroit in the 1930’s.
He then moved to California where he sold or developed most of the Silicon Valley (which was then called the Valley of Hearts Delight).
He and my grandmother (also an agent) lobbied Sacramento for protection of minorities from redlining and steering in the 1960’s (when it was not popular to do so).
My elder aunt (the widow of my pop’s kid brother) was a prominent agent in the Bay Area for many years before retiring.
My younger aunt is still a rather prominent agent there.
I really don’t believe any of that made me particularly knowledgeable about real estate but maybe your experience was different.
It did teach me about getting deals to work and about being honest.
However, I think actually doing real estate is the only thing that actually helps you understand it in any meaningful way.
My 2 bits.February 17, 2011 at 12:57 PM #667466Doooh
Participant[quote=sdrealtor]UR
I’ll be interested to see how your HAFA deal goes because my experience is not good. You do know there have only been about 600 completed in the entire country. The value they give you will likley be 10% above the market which I beleive they do because they dont really like the terms they are forced to comply with as part of HAFA.[/quote]You meant 10% BELOW the market right? A shortsale that is sold “as is”, as I imagine any short sale would be, would sell for a discount on the open market.
February 17, 2011 at 12:57 PM #667529Participant[quote=sdrealtor]UR
I’ll be interested to see how your HAFA deal goes because my experience is not good. You do know there have only been about 600 completed in the entire country. The value they give you will likley be 10% above the market which I beleive they do because they dont really like the terms they are forced to comply with as part of HAFA.[/quote]You meant 10% BELOW the market right? A shortsale that is sold “as is”, as I imagine any short sale would be, would sell for a discount on the open market.
February 17, 2011 at 12:57 PM #668137Participant[quote=sdrealtor]UR
I’ll be interested to see how your HAFA deal goes because my experience is not good. You do know there have only been about 600 completed in the entire country. The value they give you will likley be 10% above the market which I beleive they do because they dont really like the terms they are forced to comply with as part of HAFA.[/quote]You meant 10% BELOW the market right? A shortsale that is sold “as is”, as I imagine any short sale would be, would sell for a discount on the open market.
February 17, 2011 at 12:57 PM #668275Participant[quote=sdrealtor]UR
I’ll be interested to see how your HAFA deal goes because my experience is not good. You do know there have only been about 600 completed in the entire country. The value they give you will likley be 10% above the market which I beleive they do because they dont really like the terms they are forced to comply with as part of HAFA.[/quote]You meant 10% BELOW the market right? A shortsale that is sold “as is”, as I imagine any short sale would be, would sell for a discount on the open market.
February 17, 2011 at 12:57 PM #668618Participant[quote=sdrealtor]UR
I’ll be interested to see how your HAFA deal goes because my experience is not good. You do know there have only been about 600 completed in the entire country. The value they give you will likley be 10% above the market which I beleive they do because they dont really like the terms they are forced to comply with as part of HAFA.[/quote]You meant 10% BELOW the market right? A shortsale that is sold “as is”, as I imagine any short sale would be, would sell for a discount on the open market.
February 17, 2011 at 1:00 PM #667471SD Realtor
ParticipantNo he did not mean Below the market. He is illustrating the challenges with HAFA sales. sdr I also had a HAFA that didn’t happen.
February 17, 2011 at 1:00 PM #667534ParticipantNo he did not mean Below the market. He is illustrating the challenges with HAFA sales. sdr I also had a HAFA that didn’t happen.
February 17, 2011 at 1:00 PM #668142ParticipantNo he did not mean Below the market. He is illustrating the challenges with HAFA sales. sdr I also had a HAFA that didn’t happen.
February 17, 2011 at 1:00 PM #668280ParticipantNo he did not mean Below the market. He is illustrating the challenges with HAFA sales. sdr I also had a HAFA that didn’t happen.
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