And More Lawsuits ...

This is going to really get ugly. I predict that in the next 6 months, there will be violence. Naive homebuyers sucked in by greedy real estate agents, sold on interest-only ARMS whose monthly payments are doubling and foreclosure looming - one of them is going to send a sleezy realtor to (in the words of Neal Boortz, radio talk show host) "take the eternal celestial dirt nap".

Mark my words - murder as a result of the housing bust will happen.

From the Arizona Republic ...

Grievances targeting agents rise

Complaints against real estate agents are on the rise, with consumers accusing them of everything from selling property without a license to cutting corners to make a sale.

As of June, the number of complaints opened with the Arizona Department of Real Estate had jumped 53 percent since 2003, the year before the housing boom took the Valley by storm. Complaints forwarded for discipline increased 150 percent in that same time.

More consumers are not only griping about the way they have been treated, but they're also alleging they have lost money in real estate deals. Agents found in violation of state laws that govern license holders can wind up paying fines or having their licenses suspended or revoked.