Ever waited by your phone for hours waiting for that exact minute when you could buy tickets to a concert for you favorite artist? Your phone is programmed with the number of the box office so you could just hit redial when the clock struck the proverbial, high noon - - you were prepared to get the best seats? Then it's time - you hit redial - you get the box office and all the really good tickets are gone - cause a corporate entity with pull and lots of money robo-d all the best seats so they could resell them. Pissed you off right?
Well, a similar thing is happening now in the real estate markets. A scam that leads me to mistrust any statements made in the press about the current state of the real estate market. Most people have never heard of this - so let me build you the story below the squiggle.