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Real Estate & Property Law

: The Home Equity Theft Reporter

Feds, Others Continue Bringing Attention To Increase In Short Sale "Flopping" Scams

By r morris

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Bloomberg News reports:Two Connecticut real estate agents found a way to profit in the U.S. housing bust: Buy low, sell fast. Their tactic was also illegal. Sergio Natera and Anna McElaney are scheduled to be sentenced in Hartford?s federal court in August after pleading guilty to fraud. Their crime involved persuading lenders to approve the sale of homes for less than the balance owed -- known

Full post as published by The Home Equity Theft Reporter on June 11, 2010 (boomark / email).

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