More evidence of extend and pretend

| 22 December 2009 11:55

Internet maven and San Diego North County real estate guru “Jim the Realtor” has another post  showing us that extend and pretend is alive and well in the wonderful world of housing.

This guy received his first NOD in April, 2006, and has been working the system ever since.

Yesterday he listed the house on the MLS for the first time in almost two years with a broker out of the 916 area code.  With his next trustee sale date being January 14th (the original date was 4/9/09), his generous free-rent program must be winding down, and listing it for sale was a last-ditch effort to extend it further.

It doesn’t look like it’s been a humbling experience though, this is the main MLS photo:

[picture of a late-model Mercedes in front of this swank pad]

Hopefully 2010 will be the end of the road for the crooks and deadbeats!

avatar About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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