Zestimate Accuracy
Zestimate Accuracy
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Fraud
Agent Referral Networks
Have you been seeing more of this guy lately? He wants to hook you up with the top agents in your area - AND only charge you a 2% commission. They keep the 2% circle at the bottom of the advertisement for the entire 30 seconds to engrain in your head that they have...
Coming-Soon Fines
The home-selling business is known for being the Wild, Wild West. There are a few rules and ethics filed away in a drawer somewhere but there is no enforcement unless you do something really bad, like this guy - who only lost his real estate license a couple of months...
Global Financial Meltdown
A viewer's comment on YouTube led me to this terrific inside view of the 2008 financial crisis, and the resulting impact on the world. It rightly blames the entire fiasco on the Tan Man, who pitched his mortgages to Wall Street based on the yields generated if...
Barbara Gets Scammed
Barbara Corcoran said she lost nearly $400,000 after her financial team responded to an email that turned out to be a phishing scam. "This morning I wired $388,000 into a false bank account in Asia," Corcoran told ABC News. Last week, the millionaire's bookkeeper...
REO Fraudster Goes to Jail
These are the crimes and attitude required to actually go to jail for real estate fraud: A former Fannie Mae employee will spend more than the next six years in prison after being found guilty of accepting more than a million dollars in bribes and kickbacks in...
Stolen Home
The most susceptible to home thievery are those properties that are paid off, and all you need is a crooked notary. This was more of a vengeful act by an ex-boyfriend that could be unwound a little easier because it had a mortgage and harder to re-sell. Hat tip to SM...
San Diego $300 Million Fraud Case
Another fellow realtor made headlines this week - hat tip GM! Washington D.C., Aug. 29, 2019 The Securities and Exchange Commission today announced it has filed charges and obtained a consented-to asset freeze against San Diego-based ANI Development LLC, its...
Real Estate Scam
This scam is very real - confirm with escrow company before wiring funds. A local family lost their entire life savings to scammers while they were in the process of buying a home after they unknowingly wired their money to a fraudulent escrow account. Andrew Batson...
Email Fraud
It's happening everywhere - hackers are stealing funds thought to be wired to escrow companies. It's a real threat - be careful! Hat tip GW: James and Candace Butcher were ready to finalize the purchase of their dream retirement home, and at closing time wired...
