Thursday, October 18, 2007

Licenses are there for a Reason

The slump in the real estate market has weeded out some of the fly-by-nighters, but courts all over the country are still cleaning up the messes left behind by the last flight of greedy dealers. It's happening in your town, too, I'm sure. You would probably have to go down to the courthouse to hear about much of it, but I promise you the shady deals are being exposed. Only problem it's usually the victims who expose them, at the expense of hiring a lawyer to remedy the fraud.

The best advice for anyone dealing with real estate, is the same as for anyone dealing with any other profession that the State of California had decided it's important to regulate. Check their license. Check the quality of their past work. And, don't do business with them if anything doesn't seem right. Just ask these folks in the Indiana deal linked above, or many other deals that went south because of a shady investor or dealer.

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