Real estate in the news

A Las Vegas real estate agent featured in a Time magazine article this week, who bragged about her work assisting homeowners in buying a second home, then bailing on their primary home (buy-and-bail), is being scrutinized by Nevada’s licensing officials, left the brokerage she represented and is lying low…http://is.gd/2BP4k. Maybe even more interesting reading…the 94+ comments posted by readers below this article.

USA Today article “Foreclosure guilt haunts home buyers” http://is.gd/2BPWL. Some people buying foreclosed homes feel guilty that someone had to lose their home for them to get the deal they did. Names etched in sidewalks are a reminder to the new homeowner of the former owners. In some cases, the former owners even visit the home and the new homeowners. “Being house-proud, once trendy, is now socially awkward.” A new homeowner was quoted saying about the former owner:

“Her husband had lost his job because he got cancer and couldn’t work, and they couldn’t afford it anymore. My partner invited her in and it totally put a human face on what’s happening. I really wish she hadn’t done that to us. We cried about it for days.”