\nFORGET THE LEGAL IMPLICATIONS, WHATEVER HAPPENED TO THE GOLDEN RULE?<\/strong><\/p>\nI am not talking about the “He who has the gold, makes the rules” one. I am referring to the original one of do unto others. These morons KNOW that these bills are going to come due and they KNOW that they cannot pay them and they KNOW that the buyer is going to wake up with in some cases, up to $10,000 of encumbrance on their home and a royal pain in the rear to clear.<\/p>\n
Would they want this on a home THEY bought? Would they want to have to explain this to THEIR wife?<\/p>\n
Yes, this market has been tough and YES it will grind some people out of the business. However, tough times only reveal the true character of the person below and if what Mike alleges is true (and I have ZERO reason to doubt it), the true character of these folks is morally bankrupt.<\/p>\n
And financially broke you can recover from FAR more easily (in my opinion) than being morally bankrupt.<\/p>\n
Kudos to Mike for having the courage to stand up and say a) this is immoral and b) I am not going to sit quietly by and watch it happen. (NOTE: He didn’t just post it on his blog. He is taking it to the local press as well.)<\/p>\n","protected":false},"excerpt":{"rendered":"
I was having a chat with Mike Taylor, a real estate broker and friend from Indianapolis the other day. He was unusually incensed about a builder allegedly doing something I find unconscionable. Selling homes as free and clear that are actually in the process of or about to get hit with Mechanic’s liens. Nice. “Aren’t […]<\/p>\n","protected":false},"author":28,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[62,10],"tags":[],"class_list":{"0":"post-3035","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-dirty-laundry","7":"category-realty-reality","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1970,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1970\/the-purpose-of-civilization\/","url_meta":{"origin":3035,"position":0},"title":"The purpose of civilization . . .","author":"Greg Swann","date":"September 25, 2007","format":false,"excerpt":"I make my living as a hard-headed, practical man, but I live in a very abstract world. Because of the Anglin children, I've been thinking about the idea of fatherlessness, a topic I've written about in the past:I was doing that fatherstuff, to the extent I understand it, which amounts\u2026","rel":"","context":"In "Egoism in Action"","block_context":{"text":"Egoism in Action","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/egoism-in-action\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":214,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/214\/conjurers-confounded-reality-is-what-it-is\/","url_meta":{"origin":3035,"position":1},"title":"Conjurers confounded: Reality is what it is . . .","author":"Greg Swann","date":"August 15, 2006","format":false,"excerpt":"Joel Burslem:If enough people believe their Zestimate to be true (consumers, journalists, realtors, whomever) - then reality really can be altered. It just shows how malleable the wisdom of the crowds really is.Oh, good grief... Consciousness does not cause reality. The meta-topic is interesting, however, first because it highlights one\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1229,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1229\/reality-based-success\/","url_meta":{"origin":3035,"position":2},"title":"Reality-Based Success","author":"Morgan Brown","date":"March 28, 2007","format":false,"excerpt":"\"We see things not as they are, but as we are.\" -- Anthony de Mello For my first at-bat in the big leagues, and taking a queue from the kind introduction from Greg, I wanted to talk about a concept that we use with great success in providing our customers\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":294,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/294\/real-estate-reality-tv-dual-agency-and-the-nefarious-influences-of-the-dark-prince\/","url_meta":{"origin":3035,"position":3},"title":"Real estate, reality TV, dual agency and the nefarious influences of the Dark Prince . . .","author":"Greg Swann","date":"September 6, 2006","format":false,"excerpt":"Daniel Rothamel musing on \"Million Dollar Listing\", a real estate reality show on the Bravo TV network:The fact that dual agency is legal had to be the direct result of Satan himself lobbying real estate commissions all over the country. The only person that EVER benefits from dual agency is\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":598,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/598\/emublog-an-image-in-search-of-a-reality\/","url_meta":{"origin":3035,"position":4},"title":"EmuBlog: An image in search of a reality . . .","author":"Greg Swann","date":"November 3, 2006","format":false,"excerpt":"Doug Quance sent me a very nice makeover of the photo of Odysseus seen above. He went after it at some length with PhotoShop's sharpening tools. He did a very nice job, effecting an undeniable improvement. I elected not to use it -- Odysseus, for all his many virtues, really\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8218,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/8218\/brad-inman-would-someone-be-kind-enough-to-sell-me-some-fur-i-know-mammals-are-warm-blooded-but-perception-is-reality-right-oh-what-the-hell-the-way-things-are-going-id-settle-for-some-fea\/","url_meta":{"origin":3035,"position":5},"title":"Brad Inman: “Would someone be kind enough to sell me some fur? I know mammals are warm-blooded, but perception is reality, right? Oh, what the hell! The way things are going, I’d settle for some feathers!”","author":"Greg Swann","date":"May 3, 2009","format":false,"excerpt":"Hungry dinosaur. 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