MARYMCKENNA
Freshman Member
- Joined
- May 27, 2003
- Professional Status
- Licensed Appraiser
- State
- Arizona
Has anyone noticed that the majority of FHA loans closing in high foreclosure areas are closing above listing price? and when the agents are asked about it, they respond they had several offers on the property, which may be true, then the others come right out and say the sales price was raised to cover the sellers contribution to closing costs...needless to say I am boiling mad at this......and yes I intend on reporting every deal I come across where the agent tells me this. When I got into this business in 1992, I was told by an instructor "if we don't police our own, no one else will"...it has stuck in my mind ever since.