The latest C-L HPI came out on Tuesday, reporting the price increases in each market. They have two categories, the full-market number that includes "distressed sales" (short sales and foreclosures), and then another index that excludes "distressed sales". We don't...
The previous video acknowledged a good realtor doing it the right way, but unfortunately there are still plenty of bad apples - and they are allowed to run loose. What could happen? The Attorney General could get involved, and convict some of the offenders of...
From the AP: ALBUQUERQUE, N.M. — Wrapping up a criminal case that ruined lives from Washington state to New Jersey, a federal judge on Wednesday is scheduled to sentence a real estate executive who acknowledged running a Ponzi scheme that bilked 600 investors out of...
From the latimes.com: Everyone knows that in real estate, it's location, location, location. So San Diego real estate agent Marco Manuel Luis arranged for a couple to buy a home in exclusive Rancho Santa Fe for more than $2 million. But now, because of his role in...
From reuters.com: LOS ANGELES, Aug 16 (Reuters) - In the age of Facebook and Twitter, a new crime has hit America: "Sharpie parties," gatherings of party revelers armed with "Sharpie" magic markers and lured by social media invitations to wreak havoc on foreclosed...
Bank of America now requires all parties (sellers, buyers, and both agents) to sign this disclosure: B of A Short Sale Buyers-Disclosure-Addendum Excerpts from Page 3, regarding the agents: Licensee representing Seller acknowledges and agrees that, in his or her...
Hat tip to daytrip for sending this in from the Downey Patriot: DOWNEY - Two real estate agents, including one who lives in Downey, were arrested last week, accused of stealing $1.8 million from the real estate office that employed them. Elek Andrade, 27, of Downey,...
A reader sent this in - beware of vacant houses being re-occupied by the bad guys! Hi Jim, My Uncle retired this year and moved out of his house in Long Beach, California to live in Palm Desert. He put his home up for sale a few months ago. My Father lives fairly...
Hat tip to AL for sending this on, from Reuters: A former home appraiser will receive $14.5 million as part of a whistleblower lawsuit that accused subprime lender Countrywide Financial of inflating appraisals on government-insured loans, his attorneys said Tuesday....
Hat tip to daytrip for sending this in, more details on the corruption case from the latimes.com: A former Los Angeles County property appraiser was taken into custody in Oregon on Monday, accused of falsifying documents and unlawfully lowering property values by $172...
