Jesse Gonzalez is a highly accomplished and respected real estate professional with a wealth of experience in the industry. With a career over 15 years, Jesse has established himself as a leading real estate sales and marketing expert.
As a licensed real estate agent since 2005 and a broker since 2008, Jesse has a comprehensive understanding of the complexities of the market. In 2013, he founded his firm, Liberty House Realty, LLC demonstrating his entrepreneurial spirit and commitment to delivering exceptional service to his clients.
Jesse's expertise extends beyond traditional real estate transactions. He obtained his Registered Appraisal Trainee in 2019, providing him with valuable insights into property valuation and market analysis. Although he decided to focus primarily on sales, his appraisal background gives him a unique advantage in understanding the intricacies of property values and trends.
With a dedication to excellence, Jesse consistently achieves outstanding results for his clients. Last year alone, he closed over $20 million in sales and received the prestigious Sapphire Award from his local association, recognizing his exceptional achievements in the industry.
Beyond his successful career in real estate, Jesse is passionate about education and personal growth. He is completing his undergraduate degree in Forensic Psychology, with plans to attend Law School in the fall of 2024. Jesse's ambition is to become a real estate litigator, focusing on real estate consumer protection law and advocating for the rights and interests of homebuyers and sellers.
As the owner/operator of the nation's largest social network for REO professionals, <a href="http://www.REOProNetwork.com">www.REOProNetwork.com</a>, Jesse has positioned himself as a thought leader and industry influencer. Through this platform, he fosters collaboration and knowledge-sharing among REO agents, attorneys, asset management firms, and other professionals in the field.
With a commitment to professionalism, integrity, and providing a personalized experience for his clients, Jesse Gonzalez is a trusted advisor and a driving force in the real estate industry. Whether assisting clients with buying or selling properties, he consistently goes above and beyond to exceed expectations and ensure successful outcomes.
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This is taught by Alexis McGee and a few of her graduated students. She seems to have a good rating for helping the homeowners - Lots of Radio talk shows on her website at http://www.foreclosures.com/pages/alexis/MediaLibrary.asp. They are known as the White Knights.
If a Realtor is involved, they can get the full commission, if it closes.
They are using the same concept on REO properties that are fixer-uppers. The seller in this case, of course, does not get anything. It is an all cash deal with these transactions..
Please refer to the article as I wrote it.
Quote, "all these offers from the general public are being held back…they aren’t being submitted to the bank."
"IF" you are telling me that you are disclosing to the bank that you are fielding offers and NOT submitting the highest and best to them but, they are cool with that.....then this blog post has nothing to do with the way you are doing business.
On the other hand, I can't imagine any bank, a financial institution, agreeing to accept a lesser offer on a SHORT SALE, when they know the investor has better offers, who does that?
Not to mention, in this state, Tennessee, unless you are licensed to practice realestate then you have no business negotiating anything with the bank on behalf of a client / homeowner.
See my blog, http://reopro.ning.com/profiles/blogs/short-sale-scam-dupes
For reference you can see the Official Manual of the Tennessee Real Estate Commission 2008 edition, (latest edition) page 8, 62-13-103 where it outlines when a person is identified as a broker or affeliate broker.
See article (b) of the same code for license requirements as well as the Acts 1973, ch. 181 / 4;T.C.A./ 62-1304; Acts 1989, ch. 89 2.
Now I am not an Attorney and this is just my opinion and should not be considered legal advice. I don't practice in any state other than Tennessee so if you live in another state please consult a real estate Attorney licensed in your area of practice.
By the way, what the bank may or may not realize isn't the question. The question is what exactly are you disclosing. It's 2 different things to say, the bank should know and what you aren't telling them. Not to be rude but, this is ethics 101.
Q: I have been approached by an “investor” wanting to “help” the seller of my short sale listing. Supposedly this investor will negotiate a short sale with the seller’s lender(s) and sell the property to another “investor”. This would free up my time to work on other deals and not be bogged down in negotiating with my seller’s lender(s). The listing is not currently under contract. In fact, we don’t even have any offers on the table at this time. Is this legitimate? What should my concerns be?
A: Broker Support has been practically BURIED in these calls nowadays. This is a MORTGAGE FRAUD SCAM which began appearing last year. Here’s how it typically works:
· The scammer targets owners who owe more on their properties than they could hope to sell it for in today’s market, preferably with more than one mortgage owed, are behind on their payments and with foreclosure looming.
· The scammer makes an “offer” to the seller (through you, the listing agent) which is usually nothing more than an Option Agreement but with no terms and conditions specified. If the seller signs this, he has granted the scammer the OPTION to buy the property at any time before a certain date (foreclosure date), but no price or terms are established. Since the seller won’t be getting any proceeds from the sale, seller isn’t really concerned about any “legalities”.
· Often the scammer also asks the seller to sign a limited power of attorney, granting the scammer the ability to communicate directly with seller’s lender(s). One symptom of this scam is that the scammer INSISTS that he be able to negotiate with seller’s lender(s) directly.
· The scammer’s offer requires that you NOT place the listing “under contract” in FMLS, GAMLS or NEGAMLS (which, in itself is a violation of the Code of Ethics Article 3 and License Law prohibiting misrepresenting the availability of property). Instead, the scammer wants you to WD the listing and to have his own real estate company list the property for sale. He may even offer the listing to you!
· The scammer receives and negotiates offers from the public at the same time he is negotiating a much lower sales price for himself with the seller’s lender(s).
· In the event a buyer makes an offer high enough above the price that the scammer has negotiated with the seller’s lender(s), the scammer exercises his Option to purchase the property at the low price negotiated with the seller’s lender(s) (commission to Metro Brokers paid here), immediately resells to the unsuspecting buyer (another commission paid here) and pockets the profit.
· In the event no buyer makes any offer high enough before, the scammer simply does not exercise the Option; the property has been tied up unnecessarily and usually is lost to foreclosure.
So where is the mortgage fraud? Both the seller’s lender(s) and the buyer’s lender (if there is one) are defrauded. The essence of mortgage fraud is deception – the omission or hiding of information which would have caused lender(s) to make a different decision. In the case of the seller’s lender(s), the fraud is concealing the existence of other, higher offers. The seller’s lender(s) is not aware that other buyers are willing to offer more for the property because those offers are hidden from them. Seller’s lender makes a decision to accept the scammer’s lower offer and suffers a larger loss on the loan than necessary. In the case of the buyer’s lender, they are not aware that the property could actually be purchased for a much lower price directly from seller’s lender(s) and may “over lend” on the property.
The Georgia Residential Mortgage Fraud Act states that ANY PARTY who receives funds from a fraudulent closing is subject to prosecution under the Act, including real estate agents receiving commission. Ann Bone, Director of Broker Support, personally spoke with David McLaughlin, Georgia’s Senior Assistant Attorney General regarding this scenario and he has stated that this is considered “theft by deception” and subject to the Mortgage Fraud Act. Don’t jeopardize your license! Call Broker Support if you are approached with this “offer”. Remember, ORANGE ISN’T A GOOD COLOR ON ANYONE.