No, Kevin, I do not want to work with your investor who wants to buy luxury short sales. The fact that you emailed me through ActiveRain this morning and that you are not a member of this community tells me you're probably spamming for business. I also thought it was a little odd that your IP address is not registered.
But I ran a quick search in Google and discovered you are most likely some guy in his 50s who lives in South Lake Tahoe, probably scrambling to eke out a living in real estate. Sounds like you think helping investors buy short sales is the way to go. The problem is you're going about it in the wrong manner.
You say you do not want to work on a Bank of America short sale. I have to say, Kevin, that Bank of America is not the only lender with systems in place to discourage short sale flipping. Moreover, all lenders prohibit short sale mortgage fraud. You say you want to deal only with the listing agent, which tells me you might expect a direct pipeline to the lender or to work out some kind of deal.
You won't get that type of cooperation with this Sacramento short sale agent, Kevin. I do not let agents or investors speak to my seller's lenders. I do not encourage my sellers to commit mortgage fraud. I do not participate in mortgage fraud.
If you are representing investors as you claim, then you look up listings just like any other agent in the universe. You go to MLS, Kevin. You don't spam community agent sites hoping to lure a clueless agent.
I routinely get hit on because I carry a large inventory of short sales in Sacramento. The bulk of my listings are in pending or active short contingent status. It seems like every week somebody is emailing or calling me to offer me bribes, side deals, get-rich-quick schemes, what have you. If you call them on it, they'll vehemently deny they are doing anything wrong. That's because they don't realize they are breaking the law.
Sure, there are people who are deliberate crooks. But I think most people who fall into scams get there by accident. I mean, they don't get up in the morning and ask themselves what kind of laws they can break that day. They probably don't even think about going to jail. They hear about an idea, a new way to make money in short sales, and they think why not. Sounds good to them. Let's do it.
But my answer is no. If you email Elizabeth Weintraub again, I'll ask the real estate regulatory entity in Nevada to take a hard look at you and your business practices.
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Certified HAFA Specialist
My Sacramento Real Estate Listings
Elizabeth Weintraub is an author, home buying columnist for The New York Times-owned About.com, a Land Park resident, and a Land Park real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area. Call Elizabeth Weintraub at 916.233.6759. Put 35 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. DRE License # 00697006.
The Short Sale Savior, by Elizabeth Weintraub, available at Amazon.com.
Lyon Real Estate is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.
Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.
The views expressed herein are Weintraub's personal views and do not reflect the views of Lyon Real Estate.
Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice. It could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.
