Comments on: Urgent Short Sale Deal And The Lender Has Already Approved The Price http://www.realestateradiousa.com/2010/04/12/urgent-short-sale-deal-and-the-lender-has-already-approved-the-price/ Mon, 09 Jan 2012 18:23:19 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Barry Cunningham http://www.realestateradiousa.com/2010/04/12/urgent-short-sale-deal-and-the-lender-has-already-approved-the-price/comment-page-1/#comment-7888 Barry Cunningham Tue, 13 Apr 2010 22:36:42 +0000 http://www.realestateradiousa.com/blog/2008/02/02/urgent-short-sale-deal-and-the-lender-has-already-approved-the-price/#comment-7888 Ha..Rookies!!! Ha..Rookies!!!

]]> By: Bettina http://www.realestateradiousa.com/2010/04/12/urgent-short-sale-deal-and-the-lender-has-already-approved-the-price/comment-page-1/#comment-7887 Bettina Tue, 13 Apr 2010 22:31:11 +0000 http://www.realestateradiousa.com/blog/2008/02/02/urgent-short-sale-deal-and-the-lender-has-already-approved-the-price/#comment-7887 I usually find out by asking questions of the investor or the agent by the evasive answers they give me. I usually find out by asking questions of the investor or the agent by the evasive answers they give me.

]]> By: Barry Cunningham http://www.realestateradiousa.com/2010/04/12/urgent-short-sale-deal-and-the-lender-has-already-approved-the-price/comment-page-1/#comment-7886 Barry Cunningham Tue, 13 Apr 2010 22:28:37 +0000 http://www.realestateradiousa.com/blog/2008/02/02/urgent-short-sale-deal-and-the-lender-has-already-approved-the-price/#comment-7886 True..true... as for finding out who owns the house...who would you be asking your questions to??? Remember, and I'm sure you know, ownership need not be evidenced by recording of conveyance True..true…

as for finding out who owns the house…who would you be asking your questions to??? Remember, and I’m sure you know, ownership need not be evidenced by recording of conveyance

]]> By: Bettina http://www.realestateradiousa.com/2010/04/12/urgent-short-sale-deal-and-the-lender-has-already-approved-the-price/comment-page-1/#comment-7885 Bettina Tue, 13 Apr 2010 22:17:16 +0000 http://www.realestateradiousa.com/blog/2008/02/02/urgent-short-sale-deal-and-the-lender-has-already-approved-the-price/#comment-7885 Stock brokers and Orange futures selling low do not have the same ramifications slleing low could would have on a homeowner. Although we are both aware of criminals in the stock and futures market. LOL I am not sahing investors are crooks. Just some of them. Just as agents can be incompetent. Of course a house is a commodity. I am saying that some falsely deflate the value with questionable taxes to make a spread that yeilds a dishonest profit. That is what is being investigated. As well as agents that knowingly misrepresent value to a seller so they can get paid double or triple commissions. I know the investors you are talking about and they should come out well as they are honest and reputable. There are a number of ways to find out if they are listing a house not owned by the investor yet. I usually just ask a few questions and I find out. Stock brokers and Orange futures selling low do not have the same ramifications slleing low could would have on a homeowner. Although we are both aware of criminals in the stock and futures market. LOL

I am not sahing investors are crooks. Just some of them. Just as agents can be incompetent.

Of course a house is a commodity. I am saying that some falsely deflate the value with questionable taxes to make a spread that yeilds a dishonest profit. That is what is being investigated. As well as agents that knowingly misrepresent value to a seller so they can get paid double or triple commissions.

I know the investors you are talking about and they should come out well as they are honest and reputable.

There are a number of ways to find out if they are listing a house not owned by the investor yet. I usually just ask a few questions and I find out.

]]> By: Barry Cunningham http://www.realestateradiousa.com/2010/04/12/urgent-short-sale-deal-and-the-lender-has-already-approved-the-price/comment-page-1/#comment-7884 Barry Cunningham Tue, 13 Apr 2010 19:39:56 +0000 http://www.realestateradiousa.com/blog/2008/02/02/urgent-short-sale-deal-and-the-lender-has-already-approved-the-price/#comment-7884 So....are you saying stock brokers who buy low and sell higher are crooks, or those who speculate on orange futures are doing something criminal? If someone colludes to inflate repair estimates or works underhandedly to conspire to lower a price unethically then they should face repercussions. If on the other hand, the comps and price can be substantiated thru an easy analysis of the numbers, and then the property re-sold at a profit..albeit substantially then that can't be illegal. For that to be true are you saying that a house is not a commodity? Tallahassee has looked at real estate investing for years. The local investment club owner in Broward County has been audited many, many times and has been reported by Realtor after realtor...and every single time he has come thru smelling clean and has been given a stamp of approval. He taught me a couple of decades ago and while I'm sure there are some bad apple investors out there...I'm quite sure they are dwarfed by the sheer quantity of inexperienced, incompetent real estate agents. While you are more than competen and quite successful, you are an exception rather than the rule and I am glad to know you. By the way...one last question..how would you ever know if an Investor has an agent list a home that they don't yet own? So….are you saying stock brokers who buy low and sell higher are crooks, or those who speculate on orange futures are doing something criminal?

If someone colludes to inflate repair estimates or works underhandedly to conspire to lower a price unethically then they should face repercussions.

If on the other hand, the comps and price can be substantiated thru an easy analysis of the numbers, and then the property re-sold at a profit..albeit substantially then that can’t be illegal. For that to be true are you saying that a house is not a commodity?

Tallahassee has looked at real estate investing for years. The local investment club owner in Broward County has been audited many, many times and has been reported by Realtor after realtor…and every single time he has come thru smelling clean and has been given a stamp of approval.

He taught me a couple of decades ago and while I’m sure there are some bad apple investors out there…I’m quite sure they are dwarfed by the sheer quantity of inexperienced, incompetent real estate agents.

While you are more than competen and quite successful, you are an exception rather than the rule and I am glad to know you.

By the way…one last question..how would you ever know if an Investor has an agent list a home that they don’t yet own?

]]> By: Bettina http://www.realestateradiousa.com/2010/04/12/urgent-short-sale-deal-and-the-lender-has-already-approved-the-price/comment-page-1/#comment-7883 Bettina Tue, 13 Apr 2010 18:52:25 +0000 http://www.realestateradiousa.com/blog/2008/02/02/urgent-short-sale-deal-and-the-lender-has-already-approved-the-price/#comment-7883 You forgot one under: "Here are some of the things we found that were misrepresented and completely adverse to the homeowner’s best interest": Agents hooking up with an investor and deliberatly pricing the property so low as to allow the investor to flip the property and resell for a big profit. The the agent then relists the property to get yet another commission on the sell side with the flipping investor as the new seller. Many of these are listed before the flipping investor actually owns the property. This puts an unknowing seller in a bigger disadvantage when it comes time to pay the piper after the sale with regard to the tax ramifications and possible dificiency judgements. Many of these flips have over-inflated repair estimates and out right lies on the submitted short sale package to obtain the lowest price possible. My opinion is that no matter how many disclosers the unwitting seller signs that it is a sale with the "intent to make a profit" on the resale it is wrong and terrilby misleading to a seller. Just my opinion. Tallahasse is investigaating many of these as we speak. You forgot one under:
“Here are some of the things we found that were misrepresented and completely adverse to the homeowner’s best interest”:
Agents hooking up with an investor and deliberatly pricing the property so low as to allow the investor to flip the property and resell for a big profit. The the agent then relists the property to get yet another commission on the sell side with the flipping investor as the new seller. Many of these are listed before the flipping investor actually owns the property. This puts an unknowing seller in a bigger disadvantage when it comes time to pay the piper after the sale with regard to the tax ramifications and possible dificiency judgements. Many of these flips have over-inflated repair estimates and out right lies on the submitted short sale package to obtain the lowest price possible. My opinion is that no matter how many disclosers the unwitting seller signs that it is a sale with the “intent to make a profit” on the resale it is wrong and terrilby misleading to a seller. Just my opinion. Tallahasse is investigaating many of these as we speak.

]]> By: What Happens When Short Sales Fail? http://www.realestateradiousa.com/2010/04/12/urgent-short-sale-deal-and-the-lender-has-already-approved-the-price/comment-page-1/#comment-6785 What Happens When Short Sales Fail? Fri, 26 Feb 2010 15:05:17 +0000 http://www.realestateradiousa.com/blog/2008/02/02/urgent-short-sale-deal-and-the-lender-has-already-approved-the-price/#comment-6785 [...] Urgent Short Sale Deal And The Lender Has Already Approved The Price Time and time again, I keep reading the above-referenced headline in email after email sent to me by the obviously inexperienced, unqualified, unprofessional and completely oblivious real estate agent. In this foreclosure explosion there has been the seemingly overnight proliferation of the so-called “short sale expert”. There are literally scores … [...] [...] Urgent Short Sale Deal And The Lender Has Already Approved The Price Time and time again, I keep reading the above-referenced headline in email after email sent to me by the obviously inexperienced, unqualified, unprofessional and completely oblivious real estate agent. In this foreclosure explosion there has been the seemingly overnight proliferation of the so-called “short sale expert”. There are literally scores … [...]

]]> By: Lender on The Finance World For News and Information Around The World On Finance » Blog Archive » Urgent Short Sale Deal And The Lender Has Already Approved The Price http://www.realestateradiousa.com/2010/04/12/urgent-short-sale-deal-and-the-lender-has-already-approved-the-price/comment-page-1/#comment-203 Lender on The Finance World For News and Information Around The World On Finance » Blog Archive » Urgent Short Sale Deal And The Lender Has Already Approved The Price Thu, 14 Feb 2008 01:14:48 +0000 http://www.realestateradiousa.com/blog/2008/02/02/urgent-short-sale-deal-and-the-lender-has-already-approved-the-price/#comment-203 [...] Urgent Short Sale Deal And The Lender Has Already Approved The Price Time and time again, I keep reading the above-referenced headline in email after email sent to me by the obviously inexperienced, unqualified, unprofessional and completely oblivious real estate agent. (more…) [...] [...] Urgent Short Sale Deal And The Lender Has Already Approved The Price Time and time again, I keep reading the above-referenced headline in email after email sent to me by the obviously inexperienced, unqualified, unprofessional and completely oblivious real estate agent. (more…) [...]

]]> By: Real Estate Radio USA Episode 54 | Real Estate Radio USA http://www.realestateradiousa.com/2010/04/12/urgent-short-sale-deal-and-the-lender-has-already-approved-the-price/comment-page-1/#comment-158 Real Estate Radio USA Episode 54 | Real Estate Radio USA Wed, 06 Feb 2008 23:37:37 +0000 http://www.realestateradiousa.com/blog/2008/02/02/urgent-short-sale-deal-and-the-lender-has-already-approved-the-price/#comment-158 [...] closed the show today with a new Redemption Period regarding Barry C post, “Urgent Short Sale Deal And The Lender Has Already Approved The Price”. You are going to have to listen to this one to truly get an appreciation of our loathing of this [...] [...] closed the show today with a new Redemption Period regarding Barry C post, “Urgent Short Sale Deal And The Lender Has Already Approved The Price”. You are going to have to listen to this one to truly get an appreciation of our loathing of this [...]

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