Short sale scams
By Russ Ravary ~ Metro Detroit Realtor call (248) 310-6239, Michigan homes for sale ~ yesmyrealtor@gmail.com
(Real Estate One)
Short scale scams are prevalent in the metro Detroit real estate market. I wrote a blog on short sale scams a while back and I got this comment from a reader who had entered into a short sale purchase agreement >>>> We are trying to purchase a house and just found out the seller is committing this short sale mortgage fraud. For months he has led is to believe it was our offer submitted to bank and that was who we were purchasing the house from. In reality the selling agent has promised it to an investment company buying it dirt cheap from the bank, unknown to the bank that we are offering more. Then that company had planned on selling it to us at the inflated price and make a quick profit. We just found this out and are devasted. We have invested so much time being mislead we do ...
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