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Updated about 15 years ago on . Most recent reply

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3,208
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Nick J.
  • Residential Real Estate Broker
  • Payson, AZ
1,439
Votes |
3,208
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DB Short Sale Fraud Article Written by an Agent

Nick J.
  • Residential Real Estate Broker
  • Payson, AZ
Posted

Here we go again. Some agent who apparently is also an attorney by the way he so clearly says short sale flipping is fraud opens his mouth and writes an article on ActiveRain. How did I find this article? because a smart agent that works for me sent me the link laughing because this guy doesn't have a clue.

If you're an investor wondering why agents won't work with you, its probably because they're listening to articles written by guys like this and because they're an agent and they have an article on an agent site like activerain.com it must written as so :roll:

http://activerain.com/blogsview/1550906/are-you-involved-in-short-sale-fraud-here-are-the-warning-signs-

Most Popular Reply

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52
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12
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Rod Marlow
  • Real Estate Investor
  • Sherman oaks, CA
12
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52
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Rod Marlow
  • Real Estate Investor
  • Sherman oaks, CA
Replied

Oh wow..it's like a bunch of Lemmings responding at the bottom of that blog...The contracts we use gives the seller the right to rescind and back out right up to actual sale..with full disclosure through the whole process..That alone totally negates his whole rant..
The first Agent I approached about doing short sales made me think I was trying to engage him in the most unethical illegal deal imaginable!..He totally freaked me out til I sat down with the attorney who drew up the SS paperwork and then I found out the agent was clueless...and that agent is now going to miss out any deals I might have sent his way...and don't even mention the word "Trust" to some of these fools...that's another big freak out scene with them...lesson I learned..stay away from close minded people...don't even try to convince them...they just drag you down and waste your time..especially in the market we are in now.....and if we're in a cult here,that's fine with me...(as long as Josh doesn't start asking us to drink any special batches of kool-aid ;-)

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