Too Many Contingencies

Chris Palmeri

Thanks to our friends at The Smoking Gun http://www.thesmokinggun.com/archive/0706051realestate1.html for this creepy sign of a market top. A Wisconsin man allegedly offered a real estate broker at an open house more than three times the asking price for home in exchange for sexual favors which he had conveniently already written up in a contract. This was one deal the broker didn't want to close and she prompty reported the interested party to police, who booked him on felony charges of soliciting prostitution. Facing six years in prison, he hopefully won't be looking for a home for a while.

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