Who would you report shady deals to?

[NotCranky]

What seems like a red flag Dan, is whether or not this is an arms length transaction. The suspicion is there, not confirmed.

Edit, sorry re-read and see you think it is unlikely to be other than an arms length deal.So you have considered that… at least to some degree.

[sdrealtor]

At that low price they should not put it in pending as they would continue receiving offers until the cows come home. The listing agent has both ends and probably does not want to see other offers.

[sdrealtor]

At that low price they should not put it in pending as they would continue receiving offers until the cows come home. The listing agent has both ends and probably does not want to see other offers.

[sdrealtor]

At that low price they should not put it in pending as they would continue receiving offers until the cows come home. The listing agent has both ends and probably does not want to see other offers.

[sdrealtor]

At that low price they should not put it in pending as they would continue receiving offers until the cows come home. The listing agent has both ends and probably does not want to see other offers.

[sdrealtor]

At that low price they should not put it in pending as they would continue receiving offers until the cows come home. The listing agent has both ends and probably does not want to see other offers.

[CA renter]

This is the same exact situation we were discussing in the “new kind of fraud” and the listing in 92011 Carlsbad threads (sorry, don’t remember exact post topics).

FWIW, I called the FBI the other day to see if this was indeed fraud, because urbanrealtor and DaCounselor (among others?) said there was nothing fraudulent about the deal. The FBI is checking into it, and I will post here when they get back to me.

Again, I wouldn’t have a problem with it if all the lenders were taking the hit themselves; but these days, it’s the taxpayers who are paying for everything…not to mention all the people who will suffer as a result of all the fraud that’s occured over the past decade or so. This recession/depression is a direct result of speculation, fraud and lack of regulations/enforcement of laws in the lending industry.

[CA renter]

This is the same exact situation we were discussing in the “new kind of fraud” and the listing in 92011 Carlsbad threads (sorry, don’t remember exact post topics).

FWIW, I called the FBI the other day to see if this was indeed fraud, because urbanrealtor and DaCounselor (among others?) said there was nothing fraudulent about the deal. The FBI is checking into it, and I will post here when they get back to me.

Again, I wouldn’t have a problem with it if all the lenders were taking the hit themselves; but these days, it’s the taxpayers who are paying for everything…not to mention all the people who will suffer as a result of all the fraud that’s occured over the past decade or so. This recession/depression is a direct result of speculation, fraud and lack of regulations/enforcement of laws in the lending industry.

[CA renter]

This is the same exact situation we were discussing in the “new kind of fraud” and the listing in 92011 Carlsbad threads (sorry, don’t remember exact post topics).

FWIW, I called the FBI the other day to see if this was indeed fraud, because urbanrealtor and DaCounselor (among others?) said there was nothing fraudulent about the deal. The FBI is checking into it, and I will post here when they get back to me.

Again, I wouldn’t have a problem with it if all the lenders were taking the hit themselves; but these days, it’s the taxpayers who are paying for everything…not to mention all the people who will suffer as a result of all the fraud that’s occured over the past decade or so. This recession/depression is a direct result of speculation, fraud and lack of regulations/enforcement of laws in the lending industry.

[CA renter]

This is the same exact situation we were discussing in the “new kind of fraud” and the listing in 92011 Carlsbad threads (sorry, don’t remember exact post topics).

FWIW, I called the FBI the other day to see if this was indeed fraud, because urbanrealtor and DaCounselor (among others?) said there was nothing fraudulent about the deal. The FBI is checking into it, and I will post here when they get back to me.

Again, I wouldn’t have a problem with it if all the lenders were taking the hit themselves; but these days, it’s the taxpayers who are paying for everything…not to mention all the people who will suffer as a result of all the fraud that’s occured over the past decade or so. This recession/depression is a direct result of speculation, fraud and lack of regulations/enforcement of laws in the lending industry.

[CA renter]

This is the same exact situation we were discussing in the “new kind of fraud” and the listing in 92011 Carlsbad threads (sorry, don’t remember exact post topics).

FWIW, I called the FBI the other day to see if this was indeed fraud, because urbanrealtor and DaCounselor (among others?) said there was nothing fraudulent about the deal. The FBI is checking into it, and I will post here when they get back to me.

Again, I wouldn’t have a problem with it if all the lenders were taking the hit themselves; but these days, it’s the taxpayers who are paying for everything…not to mention all the people who will suffer as a result of all the fraud that’s occured over the past decade or so. This recession/depression is a direct result of speculation, fraud and lack of regulations/enforcement of laws in the lending industry.

[urbanrealtor]

[quote=temeculaguy]I was going to say the same thing urban said but i would have been nicer in the end, I’m just playing urban, we appreciate the info but this isn’t the place to tell everyone they don’t know anything, be nice, have a glass of wine, i’ll even buy.

I am a lot less worried about the banks not caring, they are going to care about things starting today now that Paulson has decided to change course and let the mortgages fall and foreclose, no bailout for toxic mortgages, suprised nobody posted the news stories from today about that.[/quote]

I don’t say this to try to quash the exchange of ideas or to tell people they are ignorant.

However, when all you have to trade on is your name, words matter.

My family has been in this business for over a century.

Many see this profession as being roughly equivalent to being a used car salesman or telemarketer.

Besmirching a professional’s reputation (and adding to this perception) without suspicious reasons is irresponsible and harmful.

For another professional to be doing that in a public forum is really unprofessional in my opinion.

I don’t know if this deal or this agent is shady but it seems unfair to make assertions without some kind of evidence. Perhaps there is evidence but I have not seen it here.

Am I mistaken?

[urbanrealtor]

[quote=temeculaguy]I was going to say the same thing urban said but i would have been nicer in the end, I’m just playing urban, we appreciate the info but this isn’t the place to tell everyone they don’t know anything, be nice, have a glass of wine, i’ll even buy.

I am a lot less worried about the banks not caring, they are going to care about things starting today now that Paulson has decided to change course and let the mortgages fall and foreclose, no bailout for toxic mortgages, suprised nobody posted the news stories from today about that.[/quote]

I don’t say this to try to quash the exchange of ideas or to tell people they are ignorant.

However, when all you have to trade on is your name, words matter.

My family has been in this business for over a century.

Many see this profession as being roughly equivalent to being a used car salesman or telemarketer.

Besmirching a professional’s reputation (and adding to this perception) without suspicious reasons is irresponsible and harmful.

For another professional to be doing that in a public forum is really unprofessional in my opinion.

I don’t know if this deal or this agent is shady but it seems unfair to make assertions without some kind of evidence. Perhaps there is evidence but I have not seen it here.

Am I mistaken?

[urbanrealtor]

[quote=temeculaguy]I was going to say the same thing urban said but i would have been nicer in the end, I’m just playing urban, we appreciate the info but this isn’t the place to tell everyone they don’t know anything, be nice, have a glass of wine, i’ll even buy.

I am a lot less worried about the banks not caring, they are going to care about things starting today now that Paulson has decided to change course and let the mortgages fall and foreclose, no bailout for toxic mortgages, suprised nobody posted the news stories from today about that.[/quote]

I don’t say this to try to quash the exchange of ideas or to tell people they are ignorant.

However, when all you have to trade on is your name, words matter.

My family has been in this business for over a century.

Many see this profession as being roughly equivalent to being a used car salesman or telemarketer.

Besmirching a professional’s reputation (and adding to this perception) without suspicious reasons is irresponsible and harmful.

For another professional to be doing that in a public forum is really unprofessional in my opinion.

I don’t know if this deal or this agent is shady but it seems unfair to make assertions without some kind of evidence. Perhaps there is evidence but I have not seen it here.

Am I mistaken?

[urbanrealtor]

[quote=temeculaguy]I was going to say the same thing urban said but i would have been nicer in the end, I’m just playing urban, we appreciate the info but this isn’t the place to tell everyone they don’t know anything, be nice, have a glass of wine, i’ll even buy.

I am a lot less worried about the banks not caring, they are going to care about things starting today now that Paulson has decided to change course and let the mortgages fall and foreclose, no bailout for toxic mortgages, suprised nobody posted the news stories from today about that.[/quote]

I don’t say this to try to quash the exchange of ideas or to tell people they are ignorant.

However, when all you have to trade on is your name, words matter.

My family has been in this business for over a century.

Many see this profession as being roughly equivalent to being a used car salesman or telemarketer.

Besmirching a professional’s reputation (and adding to this perception) without suspicious reasons is irresponsible and harmful.

For another professional to be doing that in a public forum is really unprofessional in my opinion.

I don’t know if this deal or this agent is shady but it seems unfair to make assertions without some kind of evidence. Perhaps there is evidence but I have not seen it here.

Am I mistaken?

[Author]

Posts