There appears to be a buzz going around about short-sale flipping and the FBI adding this genre to its list of mortgage fraud. However, not all short-sale flips are fraudulent. This bears repeating: NOT ALL SHORT SALE FLIPS ARE FRAUDULENT. There are many real estate professionals out there closing back to back transactions in a [...]
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Tags: appraisals, business sense, flip, Herald Tribune, investing, investor, mortgage fraud, real estate, realtors, short sale, straw buyer, untold millions
Banks, Servicers & the Government continue to try to stave off the growing tide of foreclosures. They are devastating our citizens, neighborhoods and economy. News is buzzing about Fannie Mae’s new policy, announced this past Thursday, to rent homes instead of foreclosing. Loan Audit Blog reports that Fannie Mae, through its new “Deed for Lease” [...]
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