Have you had a personal experience with a foreclosure and/or short sale scam since the subprime crisis?

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jacquelene rivers, Currently studying the 120 hrs basic realtors cou (none)

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6,843,309

Bob Crane

Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI

Forestland Experts! 715-204-9671

No scams, but we have purchased many of them.

Jan 04, 2019 11:30 PM

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Rainmaker
802,949

Tony Lewis

Summit Real Estate Group - Valencia, CA

Summit Real Estate Group Valencia & Aliso Viejo

Most of the scams were done by REO listing agents that manipulated the system to double end as many of their transactions as they possibly could. They need to sleep with themselves and perhaps one day will realize just how unfair and unethical they were.

Oct 30, 2015 02:32 AM

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Rainmaker
3,417,775

Scott Godzyk

Godzyk Real Estate Services - Manchester, NH

One of the Manchester NH's area Leading Agents

There was many taking money to be "short sale negotiators" but laws requiring they be a lawyer or licensed agent took care of that. With foreclosures, the scams are those over seas rental scams renting empty homes.

Oct 29, 2015 10:53 PM

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Rainmaker
5,238,715

Richard Weeks

Dallas, TX

REALTOR®, Broker

Not personally.

Oct 29, 2015 10:08 PM

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Rainmaker
921,504

Annette Lawrence , Palm Harbor, FL 727-420-4041

ReMax Realtec Group - Palm Harbor, FL

Making FLORIDA Real Estate EZ

Other than none of the officers of Bank of American went to prison, (current scam) I have been more than happy to view distressed real estate in the rear view mirror. The shady stuff seems to be relegated to auctions.

Those I have been a part of in the past 2 years, via local brokers, were exactly as advertised, each with expected bumps in the road, and clearly marked with "buyer beware" announcements.

Oct 29, 2015 10:00 PM

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Rainmaker
5,634,911

Wayne Martin

Wayne M Martin - Oswego, IL

Real Estate Broker - Retired

Many unscrupulous individuals profited on this fiasco at the expense of those who could least afford it.

Oct 29, 2015 09:25 PM

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Rainmaker
2,470,511

Lise Howe

Keller Williams Capital Properties - Washington, DC

Assoc. Broker in DC, MD, VA and attorney in DC

no.

Oct 29, 2015 08:35 PM

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Rainmaker
3,346,783

Sally K. & David L. Hanson

EXP Realty 414-525-0563 - Brookfield, WI

WI Real Estate Agents - Luxury - Divorce

We have had Sellers who before we met them paid companies to "save them from foreclosure"...took the money and disappeard...

Oct 29, 2015 06:13 PM

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Most of the scams were done by REO listing agents that manipulated the system to double end as many of their transactions as they possibly could. They need to sleep with themselves and perhaps one day will realize just how unfair and unethical they were.
There was many taking money to be "short sale negotiators" but laws requiring they be a lawyer or licensed agent took care of that. With foreclosures, the scams are those over seas rental scams renting empty homes.
Other than none of the officers of Bank of American went to prison, (current scam) I have been more than happy to view distressed real estate in the rear view mirror. The shady stuff seems to be relegated to auctions.

Those I have been a part of in the past 2 years, via local brokers, were exactly as advertised, each with expected bumps in the road, and clearly marked with "buyer beware" announcements.
Many unscrupulous individuals profited on this fiasco at the expense of those who could least afford it.
We have had Sellers who before we met them paid companies to "save them from foreclosure"...took the money and disappeard...