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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (80037)	9/22/2011 8:21:01 PM
From: Ilaine	Read Replies (3) \| Respond to of 217713

I wish I could say that the clients were hoping to sell the land for infill lots. They spent all their equity making the home palatial, by their standards. From Zillow, "this 6 bedrms, Luxurious Estate Dream Home has its own pool, solarium w/hot tub, library, media room, billiard room w/fire place, dance floor in the recreation room and an elegant elevator. All on a 1.28 corner acre private Cul de Sac lot." Husband used to drive a cement truck in the good years, working 60-80 hours per week, getting overtime, and flipping houses on the side. Today I took him to land records and showed him where his money went. He took out $300K from equity to upgrade the house, and then house value dropped $100K, and that's where the $400K went. He was receptive to the suggestion. He says he wants to sue his realtor. I asked him, for what? He said he did not know, someone suggested it. I pointed out to him that if he had not upgraded the house, he would still have had at least $300K equity. He was receptive to that suggestion, as well. Anyway, trying to get them cash for keys. Bank of America, we'll work something out. And then from that to the next case, the case of the Pakistani house flipper trying to evict some other of my clients, who pretended that she was just a poor mother forced to feed her children at McDonald's, when the public record shows that she has been buying foreclosures and flipping them for $50K each profit for years, at least 20 this year so far, and that she, too, lives in a house worth $1 million. When I suggested cash for keys she blew up and threatened to have me put out of business and disbarred, to boot. Oh, my. Such language. Things are getting rough out here.