Anyway, a Carlsbad couple is headed to court this week to pursue their claim that they was duped:
Vernon and Marty Ummel, who purchased a $1.2 million home in Carlsbad three years ago, will try to convince a jury that their real estate agent defrauded them when he failed to inform them that similar houses on the same block were selling for more than $100,000 less than what the Ummels had paid.
Although legal experts say the case is intriguing, most doubt it will spawn a raft of lawsuits in which disgruntled buyers go after real estate agents alleging they were led astray.
Experts also question whether the Ummels will be able to prevail, recognizing that ultimately, the Ummels were the ones who decided to pay what they did in 2005 for their two-story, 3,700-square-foot tract home in a neighborhood just north of the Four Seasons Aviara golf course. In those days, prices throughout the county were still climbing.
You know, if they just wait it out, the market will probably come back. Is the Four Seasons' neighborhood really going downhill to the point they need to get out now? Yeah, we didn't think so either.
I'm going to predict they'll lose big time here. Which will probably be a bad thing for other potential litigants with far more compelling cases and far less access to legal resources. Oh well. They'll stay rich. They sold their last home in NorCal for over a million. I bet they'll be okay.
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