My husband and I just came through a short sale and we are now finding out our realtor lied to us on more than one occasion. My husband asked numerous times if we would have to pay taxes on the difference between the sale amount and what is left on the loan. On more than one occasion she told us "no", that our PMI would take care of this. We have now found out through our CPA this is false and that the company submits a 1099 to the IRS. She also lied and told us she submitted paperwork for the HAFA program which rebates 00 for relocation costs as an incentive for pre-forclosures. We have found this was a lie as HAFA is not even exist for FHA loans, which is want ours was. To make matters worse, she claimed she was the only realtor in the area who specialized in short sales and assured us she knew everything there is to know. We are now facing thousands of dollars in taxes and are short the 00 she said we would be getting from HAFA. This is very fraudulent and unlawful business. What do we do?
Posts Tagged ‘realtor’
My realtor lied about tax implications and a relocation rebate on our short sale. What to do?
Thursday, January 26th, 2012Did I miss out on a relocation credit?
Tuesday, January 24th, 2012I moved via relocation package with my employer in 2004. Their realtor tried to sell the house for a few months.. then the relocation company ‘bought’ the house from me at a fair market price. My friend said I should’ve gotten a 00 credit or something for this.. but I never collected anything like that. Any idears?? Did I miss something here? And better yet, can I still claim this? Thanks!
Selling fathers house to relative, should we get an apprasier or use a realtor to determine value.?
Thursday, September 15th, 2011We want to sell the house to a nephew and keep the expense down to all parties. We need to get a value of the house and want to know if it is better to use an appraiser or a realtor.
How long does it take for a property to appear online?
Wednesday, September 14th, 2011It already has a listing number and it’s been nearly a month, but I can’t find the property on Realtor.com or anywhere else.
Can I list home with realtor AFTER balloon payment was due?
Wednesday, September 14th, 2011If we can’t pay balloon payment, CAN we list home with realtor? IF no extension or new contract is given to us OR will title/deed go back in banks name. Don’t they have to go through foreclosure process? (which should give us time to sell through realtor, correct?)
First time home buyer – Can I ask my realtor to help pay for the closing costs?? California?
Monday, September 12th, 2011I am a first time home owner and last night my counter offer was accepted. I ended up increasing the purchase price by K and agreed to pay for half of the closing cost. I may end up falling short with the closing cost and was wondering if I could ask my realtor to help me with paying for the Closing costs I am responsible for. I am buying the house in California.
should my realtor have charged me to run my credit?
Sunday, September 11th, 2011I’m pretty unhappy with my realtor already. First when we arrived at the office the person we set up an appointment with wasn’t available. Then we got charged 40$ to run both mine and my wifes credit, then he calls me today and I called him back within 5 minutes and he didn’t return my call. Any help would be great, Thanks!
No this is NOT for a rental. And I’ve shopped for homes before, once you sign the buyer’s agreement he’s your agent. Then he stands to make alot of money off me but wants to charge me for running my credit. The realtor pays a monthly fee to run as many credit chekcs he needs to and is passing an inflated fee on to me.
as far as not calling back, he had all day to return my call. I couldn’t answer the phone because I was on another call.
Do you think our Realtor doesn't want to be our Realtor any more?
Saturday, September 10th, 2011We are moving to a new area in October, so my husband and i were looking for houses in June with our Realtor. We only had a few days but ended up going under contract on a new construction that fell through a few weeks later.
When all that happened our Realtor knew we wouldn’t be back again until October to look with her, but i emailed her last week and she hasnt responded, which was abnormal for her since she usually replied to us very quickly, so i searched her on facebook and found out that she is now with a different real estate company, which means the email address we had for her with her old company is apparently no longer valid.
So i know it would be simple to just email her new email address at the new company, but she didnt even tell us. i found out by basically facebook stalking her because she didnt reply to my email in over a week…. so i dont know what to think. Did she not email us and let us know her new email on purpose because she didnt want to work with us anymore??? or maybe she is just busy getting settled in.. i mean its only been a week, but i would think that if i was a real estate agent i would want to let me clients know right away if i had new contact info…
so i dont know what to do, wait for her to contact us with her new contact info?? because what if she dosnt?? Or just email her?? or just find a new Realtor?? which i dont want to because i feel like she went through a lot with us and that she should get the commission when we buy a house..
also we signed something with her in June basically stating she was our Realtor.. so would we even be able to get a new Realtor since we signed the contract that we would use her??