Bay Area

[RMS]

This is starting to look like a “Land Grab”
I have been making offers for about 6 months.
Houses are sold from TARP banks without being listed.
Example: Listed 9:00 am active Pending 9:01 am same day
I wrote to Wachovia and they answered me saying they fired
this Realtor.
Now its going on at JP Morgan, which I have also written to.
The houses I tracked back are being sold to wealthy investors, and real estate investment groups.

I wrote to Obama, Pelosi (my rep) and Frank and got no response.

latest today “Short Sale, 24 hour notice call agent before showing.
No more offers, pending.
less than 24 hours.

We paid for the bailout and we can’t buy these homes.

[NewBooty]

Who was the Realtor and what company?

[RMS]

All in Vallejo, they appear to have small bidding wars within the office because they sell for over asking but just about 3%.

Tipp Realty twice, even after being fired by Wachovia, now with JP Morgan REO's

Coldwell Banker

Prudential California Realty

They pretend to have an offer, move it to contingent, then it goes back to active.

I made a full price offer, they said the bank already signed another offer in less than 24 hrs.

I was in backup, I told them I was calling JP Morgan, they came back to me saying the other

offer dropped out. Then listed it active and the bank never repsonded to me.

It is what it looks like, fraud.

[RMS]

PS

When they close they are listed and sold within the same office, one time sold with the property managenment realtor who then rents the houses out for the investor. 

[RMS]

The latest trick since the market has heated up.

List house, say you have 10 offers at a really high price cash to scare others off, move it to contingent.

Public forgets about the house while realtor searches for in house buyer from the sign, etc.

Bring house back to active once it is further down the list.

Sell it to in house buyer telling the bank it has been sitting for a month or more at a lower price.

Write letters people, I wrote Wachovia and now Wachovia houses nationwide must be listed for

7 days and the realtor who sold out the back door no longer gets their REOs.

This week I have evidence of JP Morgan Reos going the same way.

Jamie Dimon CEO JP Morgan gets his letter this week.

This is a land grab, which is why they are withholding foreclosuers from the market.

If you all did what I am doing all  alone, they could not get away with this.

[RMS]

One last.

Anyone who buys a Wachovia REO has me to thank, because you are getting at least a fair shot.

All over the USA due to my efforts Wachovia REOs must be listed for 7 days.

JP Morgan is next.

write letters not emails with hard evidence.

[bayareanewbie]

How do we get hard evidence?  Just because a place is listed for 7 days doesn't mean that they are going to submit your offer.  We have been told several times that by the agent that they are only submitting the best "best offers" to the bank. 

[RMS]

The hard evidence is one office getting both ends of the deal and zero days on the market.

The rest is shady and harder to prove, but I have.

If you have a suspect property in CA post the address here and I can research it for you, I have tools that you don't have.

good luck

[chris_cmf]

Two words: ANGER MANAGEMENT!

It is the classic good old boys network.  If you cant beat them, join them.  Find an agent that is on the inside,  You are wasting your time and energy writing letters to the abyss.  Find out the listing offices and contact the listing agent directly.

Everything else is just spinning your wheels.  what are you really accomplishing???!!?!? NOTHING

[RMS]

What I accomplished.

Wachovia REO's must be listed for 7 days nationwide prior to bank accepting any offer.

No more zero days on the market for Wachovia.

Now why does that threaten you? I paid for the bailout, so did you.

You and I should have the opportunity to bid, and on Wachovia due to my efforts we both do.

I am not joining them, but feel free to do so yourself.