All Forum Posts by: Jeremiah Peterson

Will the dieing car industry open an avenue for new startups?
[LINK REMOVED - Use BiggerPockets Bulletins to promote any blog articles]

"Yes, short sales liquidate housing inventory, but they are like poison to Brentwood real estate agents. Brentwood agents have been pricing the short sale below market value in order to attract buyers. Since to a lender there is a calculated value on the profitability of doing a short sale; Brentwood homes are often selling for 80% of their true market value."

Anyone else notice this in your neighborhood?

These guys must be crazy!!

Scott Edward Cavell and Christopher J. Warren are thought to have perpetrated a $100 million dollar Real Estate ponzi scheme under the leadership of alleged criminal master mind Lawrence Leland ‘Lee’ Loomis.

How did the scheme work?

FBI reports suggest that Loomis Wealth Solutions offered suspects a free $10,000 life insurance policy if they purchased shares of the companies stock. The company structured itself on several different ‘tiers of involvement’. The plan had a three step approach, “The three step plan involved the client purchasing property from Loomis and Loomis Wealth Solutions, Inc. and than allowing Loomis and Loomis Wealth Solutions, Inc. to control the property. The client was promised a monthly return plus half the sales price when the property was eventually sold.â€