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Old 03-02-2012, 05:33 PM
 
Location: H-Town... "A place to call home"
2,531 posts, read 4,089,750 times
Reputation: 891

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"Nothing is real anymore, in any market. It is a massive scam, and in real estate, the perfect market for this scam to take place is Las Vegas"

The Great Las Vegas Real Estate Scam - Business Insider
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Old 03-02-2012, 05:36 PM
 
Location: H-Town... "A place to call home"
2,531 posts, read 4,089,750 times
Reputation: 891
"A real estate agent and a mortgage broker, both of Las Vegas, were found guilty today for their participation in a mortgage fraud scheme that netted nearly $2.5 million in fraudulent mortgage loans"

Welcome to the United States Department of Justice
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Old 03-02-2012, 05:50 PM
 
Location: H-Town... "A place to call home"
2,531 posts, read 4,089,750 times
Reputation: 891
"in-depth review of the current Las Vegas real estate market with a focus on Inventory, Short Sales, Contingency, Foreclosures and 30-day Closes"

Getting REAL (Estate) in Vegas #061: Foreclosure Fraud Settlement

If you were foreclosed on "fraudulently"... you CAN sue!
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Old 03-02-2012, 07:18 PM
 
Location: H-Town... "A place to call home"
2,531 posts, read 4,089,750 times
Reputation: 891
Quote:
Originally Posted by JohnG72 View Post
Reread tge article. It's using NAR quotes and stats.

Zero credibility. NAR counts pendings as sales, and I'm the process double and triple counts. They readjust the numbers months later.
Absolutely TRUE! One third end up in contract failure.

P.S. I did a quick check online and found that Las Vegas Real Estate professionals have officially called "bottom" every summer since 2009.
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Old 03-03-2012, 12:11 AM
 
4,132 posts, read 8,700,146 times
Reputation: 3035
Quote:
Originally Posted by eventusstultorummagister View Post
Absolutely TRUE! One third end up in contract failure.

P.S. I did a quick check online and found that Las Vegas Real Estate professionals have officially called "bottom" every summer since 2009.
Is Olecapt their president?
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Old 03-03-2012, 11:25 AM
 
28,250 posts, read 39,920,849 times
Reputation: 36764
Quote:
Originally Posted by JohnG72 View Post
Is Olecapt their president?
Thanks a lot! I just spit coffee all over.
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Old 03-03-2012, 11:33 AM
 
10,494 posts, read 23,192,389 times
Reputation: 6667
Quote:
Originally Posted by JohnG72 View Post
Is Olecapt their president?
Quote:
Originally Posted by Tek_Freek View Post
Thanks a lot! I just spit coffee all over.
Me too

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Old 03-03-2012, 05:13 PM
 
151 posts, read 218,194 times
Reputation: 177
Quote:
Originally Posted by JohnG72 View Post
Is Olecapt their president?
Now that is funny even if you are not in Vegas.

FOD
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Old 03-03-2012, 06:06 PM
 
Location: Paranoid State
13,047 posts, read 10,452,062 times
Reputation: 15684
Quote:
Originally Posted by eventusstultorummagister View Post
LAS VEGAS Mortgage Fraud Scheme:

Escrow Officer + Real Estate Agent + Appraiser = CONSPIRACY

"Authorities said 123 defendants were charged, convicted or sentenced in Las Vegas"

Escrow officer sentenced in mortgage fraud scheme - News - ReviewJournal.com

"According to the indictment, Briley and Jackson caused co-conspirator real estate appraisers to prepare appraisal reports that falsely overstated the value of properties and caused those appraisals to be submitted to lenders"
Does anyone know which title company the convicted escrow agent worked for?
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Old 03-03-2012, 06:09 PM
 
Location: Paranoid State
13,047 posts, read 10,452,062 times
Reputation: 15684
Quote:
Originally Posted by eventusstultorummagister View Post
"Nothing is real anymore, in any market. It is a massive scam, and in real estate, the perfect market for this scam to take place is Las Vegas"

The Great Las Vegas Real Estate Scam - Business Insider
I read the article - but found it so rambling & full of emotional words that I couldn't follow his logic. Can anyone summarize his argument using nouns & verbs, minimizing adjectives & adverbs?
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