Deception or lack of knowlege?
My husband and I just returned from Florida spending 3 weeks house hunting. We used an agent I met through online searches and we talked on the phone numerous times. She set us a search with our criteria and we received hundreds of listing over the past 6 months. We liked her energy and enthusiasm and looked forward to working with her.
After arriving in Florida, she set up appointments and we saw, at least 5 houses a day. She was aware we were cash buyers.
She showed us a home which needed work but was very interesting and unusual for Florida. We liked it although we knew it would need work. It was in a expensive area of Sarasota, on the water with a pool. Had beautiful property, but the house would need work. We were tempted but decided to continue looking. When we first entered the house, I asked if it was a short sale and she said, 'no, its a straight sale.' I asked again a few more times.
After leaving, my husband and I took a walk around the neighborhood and ran into a woman living in this house. She said she was renting and proceeded to tell us the house was very over-priced and was a foreclosure. She said it was scheduled to be auctioned on July 24th. She told us the mortgage and taxes haven't been paid in over 2 years. She was still paying rent to the original owner who was not paying the mortgage.
The next day I confronted our agent about the information and she acted surprised. We found out later, she contacted the owner and got the renter in trouble for giving out that info. She was accused of keeping the house from selling and told she had 30 days to move out.
Needless to say, we felt horrible. We fired our agent and found someone else who we were very happy with.
My question is whether an agent would be aware that a house listed for sale is a foreclosure? It was not mentioned in the listing.