As with everything and every industry there are always those people who try to take advantage of the underdog.Sadly, Real Estate and Mortgage is no exception to the rule. In times of homeowners distress, there are slime who are looking to profit off of the suffering of others.
Thankfully, a warning has been issued by California Attorney General Edmund G. Brown Jr., the California DRE, and the State Bar of California warning consumers about short sale fraud. Hopefully people will read the news, and pay attention to this warning before it happens to them.
Quoted from C.A.R Newsline it defines this short sale fraud warning as "A negotiator working without a license; charging up-front fees without prior written permission from the DRE to do so; adding surcharges and hidden fees to place an offer on a home; and misrepresenting current market conditions and only submitting offers on the property from an affiliated straw buyer."
Ignorance is not bliss, keep your friends , clients and agents informed of this. It is our responsibility as agents to look out for our industry.
LORI BOWERS
http://www.desertareahousingmarket.com
The Lori Bowers Group
A boutique Real Estate Office, with a full service team to serve all your Real Estate Needs
La Quinta, Palm Desert, Indio, Rancho Mirage, Coachella , Indian Wells and the surrounding Palm Springs Area.
78065 Main St., Suite 107
Old Town La Quinta
La Quinta, CA 92253
Phone: (760)777-8788 • Fax: (760)771-5355
