Yet another one that stinks of fraud…

[CA renter]

“Contingent” upon listing, and price below 2001 levels — in an area that is at peak or above-peak pricing for these types of properties. Listed at $650K, sold for $675K in 2001.

$1,000 says this jerk is trying to short sell it to himself for pre-2001 pricing:

http://www.redfin.com/CA/Escondido/10250-Highlands-West-Dr-92029/home/4034259

How many of these do we have to see before somebody in law enforcement does something?

[Eugene]

IIRC, this place was listed as a short sale for 750 in late 2008.

I disagree that the area is at peak or above peak pricing for any types of properties. Here’s a property across the freeway that just sold around 2001 pricing:

http://www.sdlookup.com/MLS-100005931-2336_Nabal_St_Escondido_CA_92025

[Eugene]

IIRC, this place was listed as a short sale for 750 in late 2008.

I disagree that the area is at peak or above peak pricing for any types of properties. Here’s a property across the freeway that just sold around 2001 pricing:

http://www.sdlookup.com/MLS-100005931-2336_Nabal_St_Escondido_CA_92025

[Eugene]

IIRC, this place was listed as a short sale for 750 in late 2008.

I disagree that the area is at peak or above peak pricing for any types of properties. Here’s a property across the freeway that just sold around 2001 pricing:

http://www.sdlookup.com/MLS-100005931-2336_Nabal_St_Escondido_CA_92025

[Eugene]

IIRC, this place was listed as a short sale for 750 in late 2008.

I disagree that the area is at peak or above peak pricing for any types of properties. Here’s a property across the freeway that just sold around 2001 pricing:

http://www.sdlookup.com/MLS-100005931-2336_Nabal_St_Escondido_CA_92025

[Eugene]

IIRC, this place was listed as a short sale for 750 in late 2008.

I disagree that the area is at peak or above peak pricing for any types of properties. Here’s a property across the freeway that just sold around 2001 pricing:

http://www.sdlookup.com/MLS-100005931-2336_Nabal_St_Escondido_CA_92025

[briansd1]

How about short selling to a friend or relative?

I’m sure that many sellers are attempting that.

[briansd1]

How about short selling to a friend or relative?

I’m sure that many sellers are attempting that.

[briansd1]

How about short selling to a friend or relative?

I’m sure that many sellers are attempting that.

[briansd1]

How about short selling to a friend or relative?

I’m sure that many sellers are attempting that.

[briansd1]

How about short selling to a friend or relative?

I’m sure that many sellers are attempting that.

[sdrealtor]

Not to point fingers but when I see names like that on an agent and the listing brokerage I tend ot think they are trying to sell it to an investor at below market who will do a double escrow flip. Cant say for sure but I wouldnt rule out CAR being right on this one.

FWIW, I have had many conversations on these types of which I refuse to participate in and some say they are legal and not fraudulent as long as the lnder is aware fo what is going on. Getting and keeping a buyer on a sale of a property like that is very tough so I understand the logic for the lender being willing to do it but I still dont like it.

Once again I have no idea whether that is the case here.

[sdrealtor]

Not to point fingers but when I see names like that on an agent and the listing brokerage I tend ot think they are trying to sell it to an investor at below market who will do a double escrow flip. Cant say for sure but I wouldnt rule out CAR being right on this one.

FWIW, I have had many conversations on these types of which I refuse to participate in and some say they are legal and not fraudulent as long as the lnder is aware fo what is going on. Getting and keeping a buyer on a sale of a property like that is very tough so I understand the logic for the lender being willing to do it but I still dont like it.

Once again I have no idea whether that is the case here.

[sdrealtor]

Not to point fingers but when I see names like that on an agent and the listing brokerage I tend ot think they are trying to sell it to an investor at below market who will do a double escrow flip. Cant say for sure but I wouldnt rule out CAR being right on this one.

FWIW, I have had many conversations on these types of which I refuse to participate in and some say they are legal and not fraudulent as long as the lnder is aware fo what is going on. Getting and keeping a buyer on a sale of a property like that is very tough so I understand the logic for the lender being willing to do it but I still dont like it.

Once again I have no idea whether that is the case here.

[sdrealtor]

Not to point fingers but when I see names like that on an agent and the listing brokerage I tend ot think they are trying to sell it to an investor at below market who will do a double escrow flip. Cant say for sure but I wouldnt rule out CAR being right on this one.

FWIW, I have had many conversations on these types of which I refuse to participate in and some say they are legal and not fraudulent as long as the lnder is aware fo what is going on. Getting and keeping a buyer on a sale of a property like that is very tough so I understand the logic for the lender being willing to do it but I still dont like it.

Once again I have no idea whether that is the case here.

[Author]

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