Who would you report shady deals to?

[EconProf]

One would think the financially interested party–the bank–would really like to know about this. Let them have the facts. They have a lot at stake in minimizing their loss, so should have the incentive to act accordingly.
Of course, this assumes they are economically rational…….

[NotCranky]

You would hope so, EconProf.

Mike, I don’t feel comfortable putting the listing agents name out. It has always been my policy not to risk being a e-gossip about the participants in listings. Your agent should be glad to give you that information.I would give the info via email if you still want it.

[NotCranky]

You would hope so, EconProf.

Mike, I don’t feel comfortable putting the listing agents name out. It has always been my policy not to risk being a e-gossip about the participants in listings. Your agent should be glad to give you that information.I would give the info via email if you still want it.

[NotCranky]

You would hope so, EconProf.

Mike, I don’t feel comfortable putting the listing agents name out. It has always been my policy not to risk being a e-gossip about the participants in listings. Your agent should be glad to give you that information.I would give the info via email if you still want it.

[NotCranky]

You would hope so, EconProf.

Mike, I don’t feel comfortable putting the listing agents name out. It has always been my policy not to risk being a e-gossip about the participants in listings. Your agent should be glad to give you that information.I would give the info via email if you still want it.

[NotCranky]

You would hope so, EconProf.

Mike, I don’t feel comfortable putting the listing agents name out. It has always been my policy not to risk being a e-gossip about the participants in listings. Your agent should be glad to give you that information.I would give the info via email if you still want it.

[patientrenter]

[quote=EconProf]One would think the financially interested party–the bank–would really like to know about this. Let them have the facts. They have a lot at stake in minimizing their loss, so should have the incentive to act accordingly.
Of course, this assumes they are economically rational…….[/quote]

If we were in a rational market, the lenders would be very actively chasing fraud. Why are they not chasing fraud? Because the government has sent signals to all and sundry that they will pick up the tab if mortgages are not repaid. If you’re a bank, and you make $2 in fees for every $100 of fresh loans, and your losses are paid by the govt, why would you stir the wrath of your paymaster by going after frauds and deadbeats? Barney Frank and Chris Dodd would subpoena you to appear before their committees, and question why you are holding up the free flow of credit.

[patientrenter]

[quote=EconProf]One would think the financially interested party–the bank–would really like to know about this. Let them have the facts. They have a lot at stake in minimizing their loss, so should have the incentive to act accordingly.
Of course, this assumes they are economically rational…….[/quote]

If we were in a rational market, the lenders would be very actively chasing fraud. Why are they not chasing fraud? Because the government has sent signals to all and sundry that they will pick up the tab if mortgages are not repaid. If you’re a bank, and you make $2 in fees for every $100 of fresh loans, and your losses are paid by the govt, why would you stir the wrath of your paymaster by going after frauds and deadbeats? Barney Frank and Chris Dodd would subpoena you to appear before their committees, and question why you are holding up the free flow of credit.

[patientrenter]

[quote=EconProf]One would think the financially interested party–the bank–would really like to know about this. Let them have the facts. They have a lot at stake in minimizing their loss, so should have the incentive to act accordingly.
Of course, this assumes they are economically rational…….[/quote]

If we were in a rational market, the lenders would be very actively chasing fraud. Why are they not chasing fraud? Because the government has sent signals to all and sundry that they will pick up the tab if mortgages are not repaid. If you’re a bank, and you make $2 in fees for every $100 of fresh loans, and your losses are paid by the govt, why would you stir the wrath of your paymaster by going after frauds and deadbeats? Barney Frank and Chris Dodd would subpoena you to appear before their committees, and question why you are holding up the free flow of credit.

[patientrenter]

[quote=EconProf]One would think the financially interested party–the bank–would really like to know about this. Let them have the facts. They have a lot at stake in minimizing their loss, so should have the incentive to act accordingly.
Of course, this assumes they are economically rational…….[/quote]

If we were in a rational market, the lenders would be very actively chasing fraud. Why are they not chasing fraud? Because the government has sent signals to all and sundry that they will pick up the tab if mortgages are not repaid. If you’re a bank, and you make $2 in fees for every $100 of fresh loans, and your losses are paid by the govt, why would you stir the wrath of your paymaster by going after frauds and deadbeats? Barney Frank and Chris Dodd would subpoena you to appear before their committees, and question why you are holding up the free flow of credit.

[patientrenter]

[quote=EconProf]One would think the financially interested party–the bank–would really like to know about this. Let them have the facts. They have a lot at stake in minimizing their loss, so should have the incentive to act accordingly.
Of course, this assumes they are economically rational…….[/quote]

If we were in a rational market, the lenders would be very actively chasing fraud. Why are they not chasing fraud? Because the government has sent signals to all and sundry that they will pick up the tab if mortgages are not repaid. If you’re a bank, and you make $2 in fees for every $100 of fresh loans, and your losses are paid by the govt, why would you stir the wrath of your paymaster by going after frauds and deadbeats? Barney Frank and Chris Dodd would subpoena you to appear before their committees, and question why you are holding up the free flow of credit.

[mike92104]

[quote=Rustico]You would hope so, EconProf.

Mike, I don’t feel comfortable putting the listing agents name out. It has always been my policy not to risk being a e-gossip about the participants in listings. Your agent should be glad to give you that information.I would give the info via email if you still want it. [/quote]

I wasn’t looking for the name of the agent. I was interested in the phone number for the brokerage she is working for to complain more in general about a shady deal within their company. The company was listed on the SDLookup page, but I couldn’t find a number.

BTW it is already listed as sale pending.

[mike92104]

[quote=Rustico]You would hope so, EconProf.

Mike, I don’t feel comfortable putting the listing agents name out. It has always been my policy not to risk being a e-gossip about the participants in listings. Your agent should be glad to give you that information.I would give the info via email if you still want it. [/quote]

I wasn’t looking for the name of the agent. I was interested in the phone number for the brokerage she is working for to complain more in general about a shady deal within their company. The company was listed on the SDLookup page, but I couldn’t find a number.

BTW it is already listed as sale pending.

[mike92104]

[quote=Rustico]You would hope so, EconProf.

Mike, I don’t feel comfortable putting the listing agents name out. It has always been my policy not to risk being a e-gossip about the participants in listings. Your agent should be glad to give you that information.I would give the info via email if you still want it. [/quote]

I wasn’t looking for the name of the agent. I was interested in the phone number for the brokerage she is working for to complain more in general about a shady deal within their company. The company was listed on the SDLookup page, but I couldn’t find a number.

BTW it is already listed as sale pending.

[mike92104]

[quote=Rustico]You would hope so, EconProf.

Mike, I don’t feel comfortable putting the listing agents name out. It has always been my policy not to risk being a e-gossip about the participants in listings. Your agent should be glad to give you that information.I would give the info via email if you still want it. [/quote]

I wasn’t looking for the name of the agent. I was interested in the phone number for the brokerage she is working for to complain more in general about a shady deal within their company. The company was listed on the SDLookup page, but I couldn’t find a number.

BTW it is already listed as sale pending.

[Author]

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