Realtors call out CoreLogic tale as all wet (that is, not wet at all)

Realtors reading about a CoreLogic story were quick to call shenanigans, making for an amusing read.

See, HousingWire reported about a CoreLogic roundtable on mortgage fraud. It wrote:

In a round table discussion on mortgage fraud, Matthias Blume, senior director of analytics for CoreLogic, discussed a circumstance where a distressed homeowner poured cat urine on the rug so potential buyers are less inclined to make an offer.

Desperate times call for desperate measures. The home was being short-sold and the homeowners were not happy.

Realtor magazine reported the story as well… and Realtors were quick to point out an obvious flaw. How does one collect enough cat urine to "pour" on carpets? One Jim McCormack posted my favorite comment:

Yes, I am sure that many short sales fail because of cat urine intentionally poured on the carpets by the financially distressed homeowner because they have nothing better to do. My wife and I have 2 cats. Getting a small urine sample for the vet is absolute nightmare so I am guessing that "milking" a cat for several cups of urine ain’t happening.

That’s not to say that unhappy homeowners aren’t sabotaging short sales — just that someone might be stretching things a wee bit.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
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One Response to Realtors call out CoreLogic tale as all wet (that is, not wet at all)

  1. Ryan says:

    Believe it or not, you can purchase cat urine, along with other animal urine. Hunters use it to bait predator animals like coyotes, cougars, etc.

    Ryan

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