Short Sale Scam. This is the perfect reason why you should never pay any amount of money or any other form of compensation outside of escrow … why you might ask? Well because just as in this case it could be considered fraud! No deal is worth going to jail for any amount of time! Agents … it sure isn’t worth losing your license over either! This knucklehead got caught doing two deals where he had the buyers pay him an extra 3% commission outside of escrow! Why I ask??? Would an agent jeopardize his or her earning capability on something this stupid? It just boils down to greed! It would have been more profitable, easier and ethical just to find an extra couple of deals! Buyers, Sellers, Agents … Don’t Do It!!! It’s just not worth it! Read the Full Article here on Short Sale Fraud.
Need the proper advice without getting the run around? Want an agent that can and will explain the short sale process to you easily, in plain simple english without all the mumbo jumbo? Call Realty Professionals at 805-474-7040 and they can help you with your needs … they are seasoned professionals on short sales, short pays and bank owned properties (REO’s). Don’t wait, call today 805-474-7040.
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