18 Douglass Drive
We are starting to see a pattern with some short sales. Once the property has received an NOD, list it … as a short sale … at a ridiculous price … in any MLS other than Orange County … and enter the community as anyplace other than Coto de Caza or Trabuco Canyon. What does that accomplish? You tell me.
NAR members, why don’t you do something about this type of behavior? What do you want the term “realtor” to be associated with?
| BEDS: | 5 |
| BATHS: | 4.5 |
| SQ. FT.: | 4,050 |
| $/SQ. FT.: | $296 |
| LOT SIZE: | - |
| PROPERTY TYPE: | Residential, Detached |
| STORIES: | 2 |
| YEAR BUILT: | 2002 |
| COMMUNITY: | San Juan Capistrano |
| COUNTY: | Orange |
| MLS#: | 100030384 |
| SOURCE: | SANDICOR |
| STATUS: | Active |
| ON REDFIN: | 15 days |
oc bear
June 5th, 2010
Listing out of the area is an indication of a “private” sale. If you are the listing agent you want to find a buyer so you get the commission for representing both the seller and buyer. You probably have a list of people who are looking from you previous short sales. You need to list the property somewhere to satisfy the bank. When you have everything arranged you list in the proper MLS with the house already sold. That makes the local realty association happy.
cdcrez
June 5th, 2010
Exactly, and isn’t this considered unethical? Why would the local realty association be happy when someone misrepresents the facts concerning the property? It would seem to me that the local realty association and the local realtors should insist upon accuracy and correct representation as should the banks. Is it any wonder that people do not trust realtors when they let this type of behavior occur?
CAgirl
June 5th, 2010
You tell ‘em, rez! Does anyone care about honesty anymore? We are heading down the slippery slope of graft and corruption, I guess to compete with Latin America and the Middle East. I am afraid we are halfway there.