The Short Sale Shakedown Continues

Last week I wrote about an offer we made on a property advertised as a short sale. Today I learned that it was picked up and reported on the LA Land Blog. This article was about the seller's real estate agent informing us that in addition to our offer, the seller's were looking for an additional $15,000 to be paid out side of escrow in exchange for accepting the offer. If you didn't have an opportunity to read the story you can get the full details at "Would You Mind Repeating That"? I also … [Read more...]

Online with Real Estate Fraud

A friend of ours was looking to relocate from her apartment in the downtown Pasadena area to more of a neighborhood setting. She was hoping to find a 2 bedroom, 1 bath with a yard and the white picket fence. More of an established idyllic setting than the come and go transient lifestyle that can be associated with apartment life can bring. Like many people she began her search on one of the local, albeit national web sites that offers everything from garage sales to finding your perfect mate, … [Read more...]