Sean Hannity's real estate venture linked to fraudulent property dealer

[Nomad]

Actually it's your feelings towards Hannity that is blinding you to how markets work and what's happening here.

Do you follow the news and see the cost of housing in coastal cities in this country? Are you that unaware of what's been going on? Homes in my area generally are on the market for only a couple of weeks and most sell for over asking. SF isn't the only place where this is occurring. But based on your responses you have no idea this is happening.

Since you want to get political maybe this is why Bernie appeals to so my liberals because you lack a common understanding of how markets function.

Markets shmarkets. Thats all just more bullshit deflection and you trying to sound like some kind of real estate hot shot.

This is a just a simple case of a guy (Brock) who colluded with some cohorts to manipulate property auctions for their own benefit and another guy (Hannity) who bought some of them from him and according to you, paid several times more for them than the first guy.

All I suggested is that market value aside, if Hannity just gave the guy whatever price he was asking without taking the time and effort to find out how much the guy had invested in them then negotiate a better price based on that, a common real estate buyer's practice, then he's a dumbass and a shitty businessman.

All the rest of your blather about how markets work and the SF real estate trends and yadda yadda yadda, are utterly meaningless and look to me like a desperate attempt on your part to make yourself look like an expert on something you aren't.

Also, it is my understanding that Hannity's properties are mainly in the south not SF, so you really can't compare market trends. All prices do in SF is go up and up and up. In the rural south, market trends are much more stable.

 

[cawacko]

Markets shmarkets. Thats all just more bullshit deflection and you trying to sound like some kind of real estate hot shot.

This is a just a simple case of a guy (Brock) who colluded with some cohorts to manipulate property auctions for their own benefit and another guy (Hannity) who bought some of them from him and according to you, paid several times more for them than the first guy.

All I suggested is that market value aside, if Hannity just gave the guy whatever price he was asking without taking the time and effort to find out how much the guy had invested in them then negotiate a better price based on that, a common real estate buyer's practice, then he's a dumbass and a shitty businessman.

All the rest of your blather about how markets work and the SF real estate trends and yadda yadda yadda, are utterly meaningless and look to me like a desperate attempt on your part to make yourself look like an expert on something you aren't.

Also, it is my understanding that Hannity's properties are mainly in the south not SF, so you really can't compare market trends. All prices do in SF is go up and up and up. In the rural south, market trends are much more stable.

Dude, no one knows what Hannity paid. (And let's be clear I'm about the opposite of a real estate hot shot, I just understand how markets work). What Brock paid is irrelevant yet you keep harping on it. One can assume Hannity has done well on his investment if he has held it because most markets have increased over the past six years. However we don't know that because we don't know what he paid.

The whole premise was he did something illegal and buying these properties was corrupt. None of that has been shown. He bought properties like everyone else does.

 

[Nomad]

Dude, no one knows what Hannity paid. (And let's be clear I'm about the opposite of a real estate hot shot, I just understand how markets work). What Brock paid is irrelevant yet you keep harping on it. One can assume Hannity has done well on his investment if he has held it because most markets have increased over the past six years. However we don't know that because we don't know what he paid.

The whole premise was he did something illegal and buying these properties was corrupt. None of that has been shown. He bought properties like everyone else does.

I never said Hannity did anything illegal. All I said was that if he paid as much more for his property than the guy he bought them from as you said he did, he's a dumbass. You're the one who dragged the argument off on this tangent because you didn't like what I said about one of your Trumptard heroes.

 

[cawacko]

I never said Hannity did anything illegal. All I said was that if he paid as much more for his property than the guy he bought them from as you said he did, he's a dumbass. You're the one who dragged the argument off on this tangent because you didn't like what I said about one of your Trumptard heroes.

The OP states Hannity is a crook. Hence this whole conversation.

Stating he's dumb for paying more than the guy bought it for once again just shows you don't understand how the process and markets work. I don't know what else to tell you.

And you end by just lying. That says it all right there. You don't understand how this auction and buying process works so I'm just going to lie about the person I'm having a discussion with.

 

[Nomad]

The OP states Hannity is a crook. Hence this whole conversation.

Stating he's dumb for paying more than the guy bought it for once again just shows you don't understand how the process and markets work. I don't know what else to tell you.

And you end by just lying. That says it all right there. You don't understand how this auction and buying process works so I'm just going to lie about the person I'm having a discussion with.

You're just a typical full of shit blowhard rwnj like the rest of them.

If either of us don't understand how markets work, it's YOU. You are totally clueless about the concept of NEGOTIATION. Something that takes place in just about every kind of market except maybe the retail market where merchandise has a set price which is marked right on the item.

The price of most things that are on a larger scale and involve real money, is usually open to negotiation. Even the prices of cars are open to negotiation.

Apparently you've never made a major purchase before.

 

[cawacko]

You're just a typical full of shit blowhard rwnj like the rest of them.

If either of us don't understand how markets work, it's YOU. You are totally clueless about the concept of NEGOTIATION. Something that takes place in just about every kind of market except maybe the retail market where merchandise has a set price which is marked right on the item.

The price of most things that are on a larger scale and involve real money, is usually open to negotiation. Even the prices of cars are open to negotiation.

Apparently you've never made a major purchase before.

Please ole wise one explain how what someone paid for a property previously affects a negotiation in today's current market conditions. (because that makes me a rwnj somehow)

 

[Nomad]

Please ole wise one explain how what someone paid for a property previously affects a negotiation in today's current market conditions. (because that makes me a rwnj somehow)

Okay.

Hannity to Brock: "I happen to know you only paid $50 thousand dollars for that property. The appraisal says it's worth $100 thousand which is what you're asking. You want to sell it fast and I'm willing to buy it right now, but not at that price. I'll give you $85 thousand for it, no questions asked. Deal?"

Truly amazing process, isn't it Einstein?

 

[cawacko]

Okay.

Hannity to Brock: "I happen to know you only paid $50 thousand dollars for that property. The appraisal says it's worth $100 thousand which is what you're asking. You want to sell it fast and I'm willing to buy it right now, but not at that price. I'll give you $85 thousand for it, no questions asked. Deal?"

Truly amazing process, isn't it Einstein?

How many other people are interested in the property Einstein? If Brock has no other bidders he may accept a reduced number on his asking price. If other people are bidding on it he might tell anyone coming in below asking to pound sand. Hence markets determine the pricing.

 

[Truth Detector]

Yes really.

They have made this country what it is today. No one has been in charge but them.

They have all the money and power.

They manage to brainwash you into thinking Blacks can't afford to pay for home loans and white liberal zoning laws in CA is why real estate is high.

Two of the most "wacky..est".......lies on the planet.

Racist white men are really good at what they do....

 

[Truth Detector]

Horseshit. You're talking about millions of dollars worth of property that he's obviously looking to make as big of a profit from as possible either through resale or rental. This is one of his business interests, not some lark he does on the side for his amusement. Hannity and Brock probably had both a business and a personal relationship in which they frequently lunched and played golf together.

My guess is that they colluded together on the scheme to somehow financially benefit themselves at the expense of others.

Wouldn't surprise me one tiny bit.

Only in Fascist hate filled leftist lying idiot land is making money an issue.

 

[Truth Detector]

Even Fox has questions. http://fox2now.com/2018/04/23/repor...d-help-on-multimillion-dollar-property-deals/ Hannity created 28 limited liability corporations.

Is this illegal? Just about everything you post is a BIG NOTHINGBerger isn't it?

 

[Truth Detector]

First please show me proof that Hannity paid current market price and not more.

Dear idiot; Market price is whatever the buyer is willing to pay. If you had more than a 3rd grade education, you would know this.

What is illegal here? Let me answer that for you; NOTHING. Moron.

 

[Truth Detector]

You're just a typical full of shit blowhard rwnj like the rest of them.

If either of us don't understand how markets work, it's YOU. You are totally clueless about the concept of NEGOTIATION. Something that takes place in just about every kind of market except maybe the retail market where merchandise has a set price which is marked right on the item.

The price of most things that are on a larger scale and involve real money, is usually open to negotiation. Even the prices of cars are open to negotiation.

Apparently you've never made a major purchase before.

Please ole wise one explain how what someone paid for a property previously affects a negotiation in today's current market conditions. (because that makes me a rwnj somehow)

Okay.

Hannity to Brock: "I happen to know you only paid $50 thousand dollars for that property. The appraisal says it's worth $100 thousand which is what you're asking. You want to sell it fast and I'm willing to buy it right now, but not at that price. I'll give you $85 thousand for it, no questions asked. Deal?"

Truly amazing process, isn't it Einstein?

How many other people are interested in the property Einstein? If Brock has no other bidders he may accept a reduced number on his asking price. If other people are bidding on it he might tell anyone coming in below asking to pound sand. Hence markets determine the pricing.

@ cawacko thinking he can have a coherent honest debate with a hate filled lying leftist moron.

 

[Nomad]

How many other people are interested in the property Einstein? If Brock has no other bidders he may accept a reduced number on his asking price. If other people are bidding on it he might tell anyone coming in below asking to pound sand. Hence markets determine the pricing.

Your question and follow up statement illustrates my point that there are too many other potential factors involved to make the overly simplistic statement that current market prices are the only determining factor in every real estate transaction.

One thing that tends to be universally true about property flippers is that they prefer speed of turnover. When someone forks over thousands of bucks for an investment property, that is money tied up until they sell it. The longer it stays tied up, the less money you have to go out and acquire more properties. It is to the advantage of the flipper to sell the property fast for a lower profit than to hang on to it for weeks or months in order to make a slightly higher profit. That's how you make money selling by volume. You're looking at flip selling from the perspective of someone selling their home and being determined to get the highest price possible no matter how long it takes.

Another factor is the desirability of a particular property. There might not be a lot of people looking to buy in a particular area. Or maybe the flipper has a backlog of properties and wants to unload some to increase his liquidity.

Then, in this particular case, there's the question of how many other potential buyers were national television celebrities?

Guys like Brock love doing business with famous people because it enhances their own standing. He can say to other people... "I sell a lot of properties to Sean Hannity!!!" to which they think to themselves... "Wow!!! He's got some big time connections!!! I want to do business with this guy!!!"

Why do you think so many corporations love to hire former pro athletes and similar celebs? It makes them look more impressive and generates business. Plus, it just impresses people to say you've got this big name in your corral. Therefore, a celebrity tends to get better deals than the average shmoe.

If you can't understand how that kind of thing plays into business relationships, then you are the one who has zero understanding of how business works. The variables are myriad and too numerous for you to make the naive claim that current market value is the only determining factor. You've apparently latched onto the word "markets" and the accompanying accustation because you can't seem to grasp anything of any further depth. So you just keep hammering on it, totally blind to anything else. It's absurdly over simplistic and demonstrates your own lack of knowledge of "how markets work".

 

[cawacko]

Your question and follow up statement illustrates my point that there are too many other potential factors involved to make the overly simplistic statement that current market prices are the only determining factor in every real estate transaction.

One thing that tends to be universally true about property flippers is that they prefer speed of turnover. When someone forks over thousands of bucks for an investment property, that is money tied up until they sell it. The longer it stays tied up, the less money you have to go out and acquire more properties. It is to the advantage of the flipper to sell the property fast for a lower profit than to hang on to it for weeks or months in order to make a slightly higher profit. That's how you make money selling by volume. You're looking at flip selling from the perspective of someone selling their home and being determined to get the highest price possible no matter how long it takes.

Another factor is the desirability of a particular property. There might not be a lot of people looking to buy in a particular area. Or maybe the flipper has a backlog of properties and wants to unload some to increase his liquidity.

Then, in this particular case, there's the question of how many other potential buyers were national television celebrities?

Guys like Brock love doing business with famous people because it enhances their own standing. He can say to other people... "I sell a lot of properties to Sean Hannity!!!" to which they think to themselves... "Wow!!! He's got some big time connections!!! I want to do business with this guy!!!"

Why do you think so many corporations love to hire former pro athletes and similar celebs? It makes them look more impressive and generates business. Plus, it just impresses people to say you've got this big name in your corral. Therefore, a celebrity tends to get better deals than the average shmoe.

If you can't understand how that kind of thing plays into business relationships, then you are the one who has zero understanding of how business works. The variables are myriad and too numerous for you to make the naive claim that current market value is the only determining factor. You've apparently latched onto the word "markets" and the accompanying accustation because you can't seem to grasp anything of any further depth. So you just keep hammering on it, totally blind to anything else. It's absurdly over simplistic and demonstrates your own lack of knowledge of "how markets work".

From The Guardian article:

Christopher Reeves, an attorney for Hannity, said the Fox News host was not involved in choosing the houses bought via Brock and “has no knowledge whether these properties were involved in the fraud”.



So if this is true your scenario of Hannity calling up Brock and trying to negotiate a deal is a false one. Hannity had a team go out and purchase these 870 properties for him. We don't know if Brock even knew it was Hannity's money buying these 11 properties.

You're right that that motivations of a seller are important. And flippers generally want to get their money out of their homes as quickly as possible. But most of these flippers have investors and they have to meet certain return benchmarks and they don't reach them by not negotiating strongly.

If I'm out looking to buy a home am I going to be more inclined to purchase a home from Jeff Brock because Sean Hannity bought homes from him? That does nothing for me. If you're an agent and you said you represented a celebrity that might have an appeal to someone. But I've flipped plenty of homes. It makes no difference if a celebrity bought one of my homes.

 

[Nomad]

From The Guardian article:

Christopher Reeves, an attorney for Hannity, said the Fox News host was not involved in choosing the houses bought via Brock and “has no knowledge whether these properties were involved in the fraud”.

".... an attorney for Hannity said....."



Says it all, right there.

I still say Hannity is a dumbass if he was buying properties at prices several times what the guy he bought them from paid. And if a representative did so without Hannity insisting on that knowledge, he's an even bigger dumbass.

Sounds to me like this so-called agent might have just been there just to give Hannity a convenient way to deny knowledge of any impropriety.

Oldest trick in the book.

 

[Getin the ring]

Shell company tied to the Fox News host bought homes through Jeff Brock, who was charged in 2016 with fraud and conspiracy for his role in a scheme to rig auctions on foreclosed properties

Sean Hannity’s real estate venture bought houses through a property dealer who was involved in a criminal conspiracy to fraudulently obtain foreclosed homes, according to records reviewed by the Guardian

Read more: https://www.theguardian.com/media/2...property-dealer-jeff-brock-fraud-foreclosures

---

Is there anyone in Trump World that is not a crook?

How do you like your Toast

picking on trump isn't working so you've moved on to Hannity now.

You are hilarious, a sad little man, but hilarious

 

[Truth Detector]

picking on trump isn't working so you've moved on to Hannity now.

You are hilarious, a sad little man, but hilarious

 

[cawacko]

".... an attorney for Hannity said....."



Says it all, right there.

I still say Hannity is a dumbass if he was buying properties at prices several times what the guy he bought them from paid. And if a representative did so without Hannity insisting on that knowledge, he's an even bigger dumbass.

Sounds to me like this so-called agent might have just been there just to give Hannity a convenient way to deny knowledge of any impropriety.

Oldest trick in the book.

Find out his returns on his portfolio and then we'll have an answer. Otherwise nothing has been said about prices. And you're basically arguing purchasing real estate is dumb. Makes no sense