Word: agente
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When veteran FBI agent Larry Smith first heard of the case, he gave police detectives the benefit of the doubt. Smith was skeptical that so many men would confess to a crime they didn't commit. But after reading the case material, Smith felt that the confessions had never been properly checked against the evidence of the case. If they had been, says Smith, the confessions by Joseph Dick, Derek Tice, Danial Williams and Eric Wilson would have been immediately discounted. "The confession should not be the end of the investigation," says Smith. "You should corroborate the facts and circumstances...
John Cooper, 27, is having a tough few years in real estate. The Roseville, Calif, agent came into the business shortly before the top of the market then saw his sales drop off in 2006. Next, he lost his house. Payments on his adjustable rate mortgage jumped from $1,300 a month to $2,000. Cooper, who owed more than the home was worth, let the house go into foreclosure...
...Worse, real estate professionals from around the country say they have seen a growing trend of agents, like so many other homeowners, in housing distress. Ray Caddell, a broker in Charlottesville, Virginia, says he was recently asked to do an appraisal on a distressed property by a bank. When he looked up the address he found out that the homeowner who was behind on his mortgage was a fellow agent. He says his local association of real estate agents is looking into raising a fund to help brokers in need. "It's tough out there in the real estate world...
...Tara Ebbert, 38, a real estate agent in Roseville, Calif., was forced to put her house on the market earlier this year. It has yet to sell, but she figures she will lose most or all of the $75,000 she put down on the house when she bought it a few years ago. "It is what it is," says Ebbert. "It's a part of life and I am not going to dwell...
...Cooper's own experience with foreclosure may be making him a better real estate agent. He now specializes in selling homes where the buyer owes more than the house is worth. He has closed 18 sales so far this year, and believes he will complete another 4 transactions in the next month. "I'm the busiest I have ever been," says Cooper...