Credit repair scams are nothing new, but prospective home buyers have to be particularly aware of the risks of dealing with these predatory agencies. As a general rule: if it sounds to good to be true, it probably is.
Interest rates have held near record lows for much of the last half-decade, and credit repair companies tout their services to potential borrowers looking to increase their credit score to qualify for a home loan. Continue reading
New Orleans is home to many frightening real estate stories, but none are quite as scary as the history of the LaLaurie Mansion in the famed French Quarter. The LaLaurie Mansion has a very gruesome past, and has spooked owners out of their wits and money.
Agent safety is incredibly important, as traveling around the area to open houses, meetings, and showings can put agents in a vulnerable position. A 2014 kidnapping and murder of a real estate agent in Little Rock, Arkansas has finally come to some level of closure. Continue reading
Buying a new home is exciting, but requires spending some time on due diligence. As part of the deal, your agent should do some checks into the history of the property. Sometimes that brings up deaths, criminal activity, and other undesirable history. Other times, it brings up nothing, until it is already too late. Continue reading
A foreclosure is pretty much the worst situation a homeowner can go through. It is stressful, embarrassing, and incredibly difficult to lose a home. Because of this, the government has created extensive regulations regarding foreclosures. These consumer protections are very important and do a lot of distressed homeowners. However, they only work when the banks actually follow the rules. Continue reading
When you buy a foreclosed home, it comes with some risks. You expect some damage and repairs. You expect that there may be some mess to clean up from the former occupants. However, you do not typically expect the former owner to show up at your home, or worse. Continue reading
Some owners have great real estate experience, but others are just trying to save a quick buck by skipping out on hiring an agent. If you are looking at a for sale by owner property, make sure you are protecting yourself by working with an experienced agent. Continue reading
If someone gets hit with a lock box, the attacker belongs in jail, not on the street selling real estate. However, the Minnesota Department of Commerce decided a seven month suspension was plenty for this dangerous agent.
Not only did agent Bill Bernier, a licensed real estate agent in Minnesota, beat a client with a lock box, he also violated a restraining order and threatened employees of a Saint Paul based inspection company. Continue reading
Side businesses are common in America. Industrious workers with full-time jobs spend evenings and weekends working on building their own businesses striving for a little extra income or an opportunity to become a full-time entrepreneur. Some businesses, however, are not quite as savory as others. Continue reading
Most home owners pack up and clean when moving out of a house, but foreclosed home owners forced out of their property for not making their payments are not most homeowners.
Disgruntled former homeowners have made a new habit of seriously vandalizing their old home on the way out, and it is leaving the new buyers with more than a lighter bank account. When owners trash homes, nobody wins. Continue reading
Bed bugs can hop on someone’s clothes while sitting on a friend’s couch or jump in a suitcase on a hotel stay. A few hours later, you are on the way to a full bed bug infestation.
While the bugs were busy invading luxury hotels, schools, and city offices in New York City, it is tough to deal with the critters when you live in a multi-unit building, as many New York residents do. Even worse is when you live in a rental and your landlord ignores your pleas for assistance. Continue reading
In a scene that sounds like something from a Samuel L. Jackson movie, a Maryland real estate agent has been accused of selling an infested snake house to an unsuspecting family in Annapolis. Continue reading
Most real estate horror stories involve agents behaving badly, fraudsters, sex scandals, and criminal activity. In Ohio, a contractor cleaning up a foreclosed home ran into something much more horrifying than the usual leftover clothes, trash, and furniture. In the boxes in this particular home, the cleaner found boxes containing the cremated remains of 56 dead people. Continue reading
Of all industry professionals, real estate agents are some of the easiest to connect with and meet in person. After all, being open and reachable is one of the best ways for real estate agents to build their networks. But on occasion that openness can backfire, as it did for one agent in Gilbert, Arizona. Continue reading
During the great recession, foreclosures became commonplace all across America. While any foreclosure is a horror story on its own, some people had worse than typical foreclosure experiences. Business Insider compiled a list of some of the worst mortgage horror stories from the recession. Here is a summary of what they found. Continue reading