Within a 24-hour period…..
1. The short sale investor allegedly involved as the middleman in two sales (that I thought looked like fraud) revealed his transactional practice here,
2. I heard of an REO listing agent who owns a separate company which is purchasing the plum REOs assigned to him, and…
3. I saw another where the listing agent kept a $800,000 sale in-house (no open market exposure) so the company made both sides of the commission – a practice which apparently has management approval.
The waters have always been full of sharks, how can you keep up? Don’t let them get you down: