Do Realtors even Cheat the banks, yes I know Shocking but I want to share with you another tidbit shared with me tonight.
Do Banks know this Stuff? Maybe they just don't care.
Some Realtors take banks foreclosure listings and find a way to create a fake distress sale, sort of with the bank themselves. Another words the Realtor can do something such as list the banks Real Estate Owned property, and not tell the bank about buyers they get, interested parties or even tell the bank of offers. These Realtors simply find a way to keep the bank thinking their are no real buyers when really they have lied about interest in the property, kept other Realtors and their clients from making offers by lies and games and sometimes flat out telling a buyer oh you can't have that listing. At this point a Savvy Buyer will contact the bank direct and NEVER trust the Realtor that there is an offer, several offer, it is contingent or any other reason the lying Realtor tells you in which keeps you from Buying the Property.
These Realtors will even deliberatly enter the wrong zip code to keep buyers at bay, this way the lender will come down even more or be "More Willing" to sell very low and the Realtor themselves or a friend of theirs will then buy the bank owned property. Believe me NAR, Realtors are a HUGE, very Huge part in the financial collaps we are now in.
Do Banks know this Stuff? Maybe they just don't care.
Some Realtors take banks foreclosure listings and find a way to create a fake distress sale, sort of with the bank themselves. Another words the Realtor can do something such as list the banks Real Estate Owned property, and not tell the bank about buyers they get, interested parties or even tell the bank of offers. These Realtors simply find a way to keep the bank thinking their are no real buyers when really they have lied about interest in the property, kept other Realtors and their clients from making offers by lies and games and sometimes flat out telling a buyer oh you can't have that listing. At this point a Savvy Buyer will contact the bank direct and NEVER trust the Realtor that there is an offer, several offer, it is contingent or any other reason the lying Realtor tells you in which keeps you from Buying the Property.
These Realtors will even deliberatly enter the wrong zip code to keep buyers at bay, this way the lender will come down even more or be "More Willing" to sell very low and the Realtor themselves or a friend of theirs will then buy the bank owned property. Believe me NAR, Realtors are a HUGE, very Huge part in the financial collaps we are now in.
And many Realtors will Continue to Benefit from these properties that the bank owns. They will be a part of selling them for the banks, they will buy some of them, and their friends and investors will be buying those homes NAR sold you and told you it was a GOOD time to buy.
Crystal L. Cox
Real Estate Whistleblower
Real Estate Whistleblower
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