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April 21, 2009 at 4:22 PM #385892April 21, 2009 at 4:29 PM #385250
SD Realtor
Participantif you wanna state the address i can look it up and let you know who the buyers agent was so you can see if it was an inside deal or not.
April 21, 2009 at 4:29 PM #385518Participantif you wanna state the address i can look it up and let you know who the buyers agent was so you can see if it was an inside deal or not.
April 21, 2009 at 4:29 PM #385715Participantif you wanna state the address i can look it up and let you know who the buyers agent was so you can see if it was an inside deal or not.
April 21, 2009 at 4:29 PM #385764Participantif you wanna state the address i can look it up and let you know who the buyers agent was so you can see if it was an inside deal or not.
April 21, 2009 at 4:29 PM #385902Participantif you wanna state the address i can look it up and let you know who the buyers agent was so you can see if it was an inside deal or not.
April 21, 2009 at 4:40 PM #385260patientrenter
Participant[quote=CA renter]This is the same thing we were discussing here, among other places:
http://piggington.com/who_would_you_report_shady_deals_to
BTW, the FBI did get back to me back in November/December and said that they were not pursuing that particular kind of fraud because they didn’t think it was widespread enough. Seriously. 🙁
If law enforcement ever wanted to get ahead of crime, they would read these blogs and get on the ball BEFORE all the damage was done. It’s very frustrating.
People (myself included) were trying to warn them years ago about fraudulent deals that were pushing prices up during the boom. They couldn’t have cared less. Then, when “the world is coming to an end,” and they want our tax money, the govt claims that “NOBODY could have seen this coming.” Lying maggots…
FBI: Are you listening now????[/quote]
FBI will only get on it if Congress wants them to. It’s probably worth trying to get your Congressman involved, if you can.
Of course, many key members of Congress are trying to ensure there are no speed bumps for the govt money pouring into housing. So your Congressman may not be interested in pushing the FBI into something that’s still happening. (My C-critter is Barney Frank, for example, and I know he has no interest in depriving the housing market of any really large flow of money, fraudulent or not.) Better to have the FBI go after the stuff that’s already stopped of its own accord. Or your Congressman may not have much power to go against the real barons – Barney, Dodd, Schumer, Pelosi etc. (Bipartisan complaint here – it’s just that most power to do damage or otherwise lies with Dems now, and the Repubs are almost irrelevant, except as a way to deflect attention.)
April 21, 2009 at 4:40 PM #385528Participant[quote=CA renter]This is the same thing we were discussing here, among other places:
http://piggington.com/who_would_you_report_shady_deals_to
BTW, the FBI did get back to me back in November/December and said that they were not pursuing that particular kind of fraud because they didn’t think it was widespread enough. Seriously. 🙁
If law enforcement ever wanted to get ahead of crime, they would read these blogs and get on the ball BEFORE all the damage was done. It’s very frustrating.
People (myself included) were trying to warn them years ago about fraudulent deals that were pushing prices up during the boom. They couldn’t have cared less. Then, when “the world is coming to an end,” and they want our tax money, the govt claims that “NOBODY could have seen this coming.” Lying maggots…
FBI: Are you listening now????[/quote]
FBI will only get on it if Congress wants them to. It’s probably worth trying to get your Congressman involved, if you can.
Of course, many key members of Congress are trying to ensure there are no speed bumps for the govt money pouring into housing. So your Congressman may not be interested in pushing the FBI into something that’s still happening. (My C-critter is Barney Frank, for example, and I know he has no interest in depriving the housing market of any really large flow of money, fraudulent or not.) Better to have the FBI go after the stuff that’s already stopped of its own accord. Or your Congressman may not have much power to go against the real barons – Barney, Dodd, Schumer, Pelosi etc. (Bipartisan complaint here – it’s just that most power to do damage or otherwise lies with Dems now, and the Repubs are almost irrelevant, except as a way to deflect attention.)
April 21, 2009 at 4:40 PM #385725Participant[quote=CA renter]This is the same thing we were discussing here, among other places:
http://piggington.com/who_would_you_report_shady_deals_to
BTW, the FBI did get back to me back in November/December and said that they were not pursuing that particular kind of fraud because they didn’t think it was widespread enough. Seriously. 🙁
If law enforcement ever wanted to get ahead of crime, they would read these blogs and get on the ball BEFORE all the damage was done. It’s very frustrating.
People (myself included) were trying to warn them years ago about fraudulent deals that were pushing prices up during the boom. They couldn’t have cared less. Then, when “the world is coming to an end,” and they want our tax money, the govt claims that “NOBODY could have seen this coming.” Lying maggots…
FBI: Are you listening now????[/quote]
FBI will only get on it if Congress wants them to. It’s probably worth trying to get your Congressman involved, if you can.
Of course, many key members of Congress are trying to ensure there are no speed bumps for the govt money pouring into housing. So your Congressman may not be interested in pushing the FBI into something that’s still happening. (My C-critter is Barney Frank, for example, and I know he has no interest in depriving the housing market of any really large flow of money, fraudulent or not.) Better to have the FBI go after the stuff that’s already stopped of its own accord. Or your Congressman may not have much power to go against the real barons – Barney, Dodd, Schumer, Pelosi etc. (Bipartisan complaint here – it’s just that most power to do damage or otherwise lies with Dems now, and the Repubs are almost irrelevant, except as a way to deflect attention.)
April 21, 2009 at 4:40 PM #385774Participant[quote=CA renter]This is the same thing we were discussing here, among other places:
http://piggington.com/who_would_you_report_shady_deals_to
BTW, the FBI did get back to me back in November/December and said that they were not pursuing that particular kind of fraud because they didn’t think it was widespread enough. Seriously. 🙁
If law enforcement ever wanted to get ahead of crime, they would read these blogs and get on the ball BEFORE all the damage was done. It’s very frustrating.
People (myself included) were trying to warn them years ago about fraudulent deals that were pushing prices up during the boom. They couldn’t have cared less. Then, when “the world is coming to an end,” and they want our tax money, the govt claims that “NOBODY could have seen this coming.” Lying maggots…
FBI: Are you listening now????[/quote]
FBI will only get on it if Congress wants them to. It’s probably worth trying to get your Congressman involved, if you can.
Of course, many key members of Congress are trying to ensure there are no speed bumps for the govt money pouring into housing. So your Congressman may not be interested in pushing the FBI into something that’s still happening. (My C-critter is Barney Frank, for example, and I know he has no interest in depriving the housing market of any really large flow of money, fraudulent or not.) Better to have the FBI go after the stuff that’s already stopped of its own accord. Or your Congressman may not have much power to go against the real barons – Barney, Dodd, Schumer, Pelosi etc. (Bipartisan complaint here – it’s just that most power to do damage or otherwise lies with Dems now, and the Repubs are almost irrelevant, except as a way to deflect attention.)
April 21, 2009 at 4:40 PM #385912Participant[quote=CA renter]This is the same thing we were discussing here, among other places:
http://piggington.com/who_would_you_report_shady_deals_to
BTW, the FBI did get back to me back in November/December and said that they were not pursuing that particular kind of fraud because they didn’t think it was widespread enough. Seriously. 🙁
If law enforcement ever wanted to get ahead of crime, they would read these blogs and get on the ball BEFORE all the damage was done. It’s very frustrating.
People (myself included) were trying to warn them years ago about fraudulent deals that were pushing prices up during the boom. They couldn’t have cared less. Then, when “the world is coming to an end,” and they want our tax money, the govt claims that “NOBODY could have seen this coming.” Lying maggots…
FBI: Are you listening now????[/quote]
FBI will only get on it if Congress wants them to. It’s probably worth trying to get your Congressman involved, if you can.
Of course, many key members of Congress are trying to ensure there are no speed bumps for the govt money pouring into housing. So your Congressman may not be interested in pushing the FBI into something that’s still happening. (My C-critter is Barney Frank, for example, and I know he has no interest in depriving the housing market of any really large flow of money, fraudulent or not.) Better to have the FBI go after the stuff that’s already stopped of its own accord. Or your Congressman may not have much power to go against the real barons – Barney, Dodd, Schumer, Pelosi etc. (Bipartisan complaint here – it’s just that most power to do damage or otherwise lies with Dems now, and the Repubs are almost irrelevant, except as a way to deflect attention.)
April 21, 2009 at 10:37 PM #385445sdrealtor
ParticipantAll I can say is that I am participating in numerous short sale listings right now and it is very complex. Not nearly as cut and dry as you would hope or think. The listing agent is representing the seller whose best interests are served by getting the transaction completed as quickly as possible with the least liability for them going forward. That does not always mean getting the highest possible offer.
On some listings I get offers that I know the property could never appraise for. If the lender approves that offer they have set unreasonable expectations for their investors. The property goes into escrow with a weaker buyer that wont be able to get a loan, the property does not appraise, we have to go back and start over with the lender and their investor. Nobody’s best interests have been served!
I always try to be fair to all buyers while bringing the lender a solid offer from a strong buyer at a price that the current market comps can support. Sometimes it is clear and sometimes it isnt. Sometimes the best buyer is brought by another agent and sometimes they come knocking on my door. Every single one of these transactions is grueling. They suck the life out of me…….
BTW, I often get lowball cash offers also. Cash buyers seem to think their cash is worth alot more than it actually is. I always tell them that all buyers are cash at closing, its just that the cash comes from someone else than the buyer(i.e. a lender). In the few cases that lowball offers have been the only offers submitted, the banks have refused them. i just havent seen short sale properties given away at prices well below market value. Maybe others have but I havent.
I think you are all getting fired up about much ado about nothing………
April 21, 2009 at 10:37 PM #385713ParticipantAll I can say is that I am participating in numerous short sale listings right now and it is very complex. Not nearly as cut and dry as you would hope or think. The listing agent is representing the seller whose best interests are served by getting the transaction completed as quickly as possible with the least liability for them going forward. That does not always mean getting the highest possible offer.
On some listings I get offers that I know the property could never appraise for. If the lender approves that offer they have set unreasonable expectations for their investors. The property goes into escrow with a weaker buyer that wont be able to get a loan, the property does not appraise, we have to go back and start over with the lender and their investor. Nobody’s best interests have been served!
I always try to be fair to all buyers while bringing the lender a solid offer from a strong buyer at a price that the current market comps can support. Sometimes it is clear and sometimes it isnt. Sometimes the best buyer is brought by another agent and sometimes they come knocking on my door. Every single one of these transactions is grueling. They suck the life out of me…….
BTW, I often get lowball cash offers also. Cash buyers seem to think their cash is worth alot more than it actually is. I always tell them that all buyers are cash at closing, its just that the cash comes from someone else than the buyer(i.e. a lender). In the few cases that lowball offers have been the only offers submitted, the banks have refused them. i just havent seen short sale properties given away at prices well below market value. Maybe others have but I havent.
I think you are all getting fired up about much ado about nothing………
April 21, 2009 at 10:37 PM #385911ParticipantAll I can say is that I am participating in numerous short sale listings right now and it is very complex. Not nearly as cut and dry as you would hope or think. The listing agent is representing the seller whose best interests are served by getting the transaction completed as quickly as possible with the least liability for them going forward. That does not always mean getting the highest possible offer.
On some listings I get offers that I know the property could never appraise for. If the lender approves that offer they have set unreasonable expectations for their investors. The property goes into escrow with a weaker buyer that wont be able to get a loan, the property does not appraise, we have to go back and start over with the lender and their investor. Nobody’s best interests have been served!
I always try to be fair to all buyers while bringing the lender a solid offer from a strong buyer at a price that the current market comps can support. Sometimes it is clear and sometimes it isnt. Sometimes the best buyer is brought by another agent and sometimes they come knocking on my door. Every single one of these transactions is grueling. They suck the life out of me…….
BTW, I often get lowball cash offers also. Cash buyers seem to think their cash is worth alot more than it actually is. I always tell them that all buyers are cash at closing, its just that the cash comes from someone else than the buyer(i.e. a lender). In the few cases that lowball offers have been the only offers submitted, the banks have refused them. i just havent seen short sale properties given away at prices well below market value. Maybe others have but I havent.
I think you are all getting fired up about much ado about nothing………
April 21, 2009 at 10:37 PM #385959ParticipantAll I can say is that I am participating in numerous short sale listings right now and it is very complex. Not nearly as cut and dry as you would hope or think. The listing agent is representing the seller whose best interests are served by getting the transaction completed as quickly as possible with the least liability for them going forward. That does not always mean getting the highest possible offer.
On some listings I get offers that I know the property could never appraise for. If the lender approves that offer they have set unreasonable expectations for their investors. The property goes into escrow with a weaker buyer that wont be able to get a loan, the property does not appraise, we have to go back and start over with the lender and their investor. Nobody’s best interests have been served!
I always try to be fair to all buyers while bringing the lender a solid offer from a strong buyer at a price that the current market comps can support. Sometimes it is clear and sometimes it isnt. Sometimes the best buyer is brought by another agent and sometimes they come knocking on my door. Every single one of these transactions is grueling. They suck the life out of me…….
BTW, I often get lowball cash offers also. Cash buyers seem to think their cash is worth alot more than it actually is. I always tell them that all buyers are cash at closing, its just that the cash comes from someone else than the buyer(i.e. a lender). In the few cases that lowball offers have been the only offers submitted, the banks have refused them. i just havent seen short sale properties given away at prices well below market value. Maybe others have but I havent.
I think you are all getting fired up about much ado about nothing………
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