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Real Estate & Property Law

: The Home Equity Theft Reporter

Scrutiny Into Short Sale 'Flopping' Deals Continues

By r morris

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In Phoenix, Arizona, The Arizona Republic reports:As more houses in metro Phoenix go on the market for short sales, some investors have begun buying and reselling them quickly for a profit, using strategies that some in the housing industry say could be unethical or worse. The deals work in a variety of ways, but all involve the same basic strategy. An investor persuades a lender to agree to a

Full post as published by The Home Equity Theft Reporter on November 15, 2010 (boomark / email).

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