Where is the Outrage? Realtors gone amok,still ripping off the Banks

[farbet]

http://bubbletracking.blogspot.com/
All you Piggingtonians out there,the market in Carlsbad is being manipulated by the same rotten eggs.
Please check OC Renter’s blog. Please go down the page and see whats Super Jennae is up to. Make sure you click on the highlighted areas.
SDReator,sd realtor what say ye??

[bsrsharma]

What is the problem? Looks like some one is robbing mortgage lenders in broad daylight. If there is someone stupid enough to advance these Jumbo loans, I say go ahead and enjoy. Make hay while the sun shines! It is going to get very dark very soon for a long time. Seems like a perfectly legal transfer of wealth between consenting adults!

[bsrsharma]

What is the problem? Looks like some one is robbing mortgage lenders in broad daylight. If there is someone stupid enough to advance these Jumbo loans, I say go ahead and enjoy. Make hay while the sun shines! It is going to get very dark very soon for a long time. Seems like a perfectly legal transfer of wealth between consenting adults!

[bsrsharma]

What is the problem? Looks like some one is robbing mortgage lenders in broad daylight. If there is someone stupid enough to advance these Jumbo loans, I say go ahead and enjoy. Make hay while the sun shines! It is going to get very dark very soon for a long time. Seems like a perfectly legal transfer of wealth between consenting adults!

[sdrealtor]

It disgusts me. Thats pretty much all I have to say.

[sdrealtor]

It disgusts me. Thats pretty much all I have to say.

[sdrealtor]

It disgusts me. Thats pretty much all I have to say.

[SD Realtor]

farbet –

If I was rated on my peers performance in the industry I would have a failing grade. Fortunately I am rated on my performance, not theirs.

To me there are two types to watch out for, the really dumb agent, (which there are alot of) and the agent who really does not care about the clients and will do ANYTHING for the sale, AND who is very crafty.

SD Realtor

ps – it disgusts me as well… very well put sdr.

[SD Realtor]

farbet –

If I was rated on my peers performance in the industry I would have a failing grade. Fortunately I am rated on my performance, not theirs.

To me there are two types to watch out for, the really dumb agent, (which there are alot of) and the agent who really does not care about the clients and will do ANYTHING for the sale, AND who is very crafty.

SD Realtor

ps – it disgusts me as well… very well put sdr.

[SD Realtor]

farbet –

If I was rated on my peers performance in the industry I would have a failing grade. Fortunately I am rated on my performance, not theirs.

To me there are two types to watch out for, the really dumb agent, (which there are alot of) and the agent who really does not care about the clients and will do ANYTHING for the sale, AND who is very crafty.

SD Realtor

ps – it disgusts me as well… very well put sdr.

[Bugs]

Maybe it’s just me, but I’m not seeing the misconduct that’s being alleged here. The original sale prices in 2000, 2001 or 2004 are irrelevant to anything. The amount of cash these sellers are pocketing is also irrelevant. Regardless of what we think the prices SHOULD be, the homes are worth in 2007 what they’re worth in 2007.

I’d have to take a look around to see if the sale prices are reasonable with respect to the local comps so I make no assumptions about that one way or the other. But even if there are problems with comps, that’s not the agents’ problem but rather a problem with the appraiser and the lender who isn’t bothering to watch the appraiser.

Now if we’re alleging mortgage fraud (which I guess is where the blog is going) then I guess there is that – but that occurs with the loan originator and the borrower, not (usually) with the realty agents.

Believe me, there’s nobody on this planet who’s faster to criticize misbehaving “professionals”, but I’d have to see some indication of misconduct before I start casting stones. At most, clearing a profit is no more than an indirect indicator. Even if these agents have a reputation for doing funky things in the past that’s no guarantee that this is funky too.

[Bugs]

Maybe it’s just me, but I’m not seeing the misconduct that’s being alleged here. The original sale prices in 2000, 2001 or 2004 are irrelevant to anything. The amount of cash these sellers are pocketing is also irrelevant. Regardless of what we think the prices SHOULD be, the homes are worth in 2007 what they’re worth in 2007.

I’d have to take a look around to see if the sale prices are reasonable with respect to the local comps so I make no assumptions about that one way or the other. But even if there are problems with comps, that’s not the agents’ problem but rather a problem with the appraiser and the lender who isn’t bothering to watch the appraiser.

Now if we’re alleging mortgage fraud (which I guess is where the blog is going) then I guess there is that – but that occurs with the loan originator and the borrower, not (usually) with the realty agents.

Believe me, there’s nobody on this planet who’s faster to criticize misbehaving “professionals”, but I’d have to see some indication of misconduct before I start casting stones. At most, clearing a profit is no more than an indirect indicator. Even if these agents have a reputation for doing funky things in the past that’s no guarantee that this is funky too.

[Bugs]

Maybe it’s just me, but I’m not seeing the misconduct that’s being alleged here. The original sale prices in 2000, 2001 or 2004 are irrelevant to anything. The amount of cash these sellers are pocketing is also irrelevant. Regardless of what we think the prices SHOULD be, the homes are worth in 2007 what they’re worth in 2007.

I’d have to take a look around to see if the sale prices are reasonable with respect to the local comps so I make no assumptions about that one way or the other. But even if there are problems with comps, that’s not the agents’ problem but rather a problem with the appraiser and the lender who isn’t bothering to watch the appraiser.

Now if we’re alleging mortgage fraud (which I guess is where the blog is going) then I guess there is that – but that occurs with the loan originator and the borrower, not (usually) with the realty agents.

Believe me, there’s nobody on this planet who’s faster to criticize misbehaving “professionals”, but I’d have to see some indication of misconduct before I start casting stones. At most, clearing a profit is no more than an indirect indicator. Even if these agents have a reputation for doing funky things in the past that’s no guarantee that this is funky too.

[JWM in SD]

NO, it isn’t OKay Bsharma. That is why the dollar is at an all time low right now. Super Janae is an example of where the value our US Dollar has gone in the past several years. Into her MBZs and Beemers and whatever other crap she bought with those ill-gotten gains.

I will say it yet again so everyone understands this:

For the past several years M3 growth has flooded the marketplace with liquidity and that is why we have a housing bubble. The REIC has been grifting off that credit expansion. We are heading into deflation which historically results from a credit bubble.

[JWM in SD]

NO, it isn’t OKay Bsharma. That is why the dollar is at an all time low right now. Super Janae is an example of where the value our US Dollar has gone in the past several years. Into her MBZs and Beemers and whatever other crap she bought with those ill-gotten gains.

I will say it yet again so everyone understands this:

For the past several years M3 growth has flooded the marketplace with liquidity and that is why we have a housing bubble. The REIC has been grifting off that credit expansion. We are heading into deflation which historically results from a credit bubble.

[Author]

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