In case you were unaware of the demoralizing ripple effect of the real estate crisis, consider the case of 73-year-old Robert Johnson, who on Tuesday (June 1) put a gun to the head of his former real estate agent and pulled the trigger. Johnson reportedly became angry when he found that his home was worth far less than he paid for it and placed the blame not on nose-diving real estate prices, but on the shoulders of 33-year-old Nexes Realty agent Troy VanderStelt .Witnesses report that...Read Full Story
The last comment left on Troy VanderStelt's MySpace.com page before he was murdered Tuesday, July 1 is dated June 15, 2008. It reads: "Happy Father's Day, Troy!" Just hours after the young real estate agent was killed, friends and family flooded his MySpace page to turn it into a virtual memorial to the father and husband.Many of the comments were dedicated to VanderStelt's family and expressed a sense of confusion at his abrupt death.One comment reads "There are no words that comfort at this...Read Full Story
When Muskegon, Mich. real estate agent Troy VanderStelt, 33, went into a conference room to meet with former client Robert Johnson, 73, he had no way of knowing what was to come next. Johnson, allegedly angry over paying too much for his home, shot VanderStelt at point-blank range in the side of his head.Johnson had visited a second real estate agent after deciding to sell the home, but given the current dismal climate in the real estate market, he was told the home was not worth what he had...Read Full Story
Robert Johnson shot his former Realtor in the head after finding that his home was worth substantially less than he paid for it.