|
|
|
|
|
Read all the latest Buying Investment Property News
here. |
Current Featured Article is :
Lender Seasoning Leaves a Bad Taste
by William Bronchick
There has been a lot of negative press and misinformation lately about double-closings. Many people have been indicted recently under what the press has called "Property Flipping Scams." Uninformed lenders, real estate agents and title companies will tell you that double-closings are now illegal. In fact, they are nothing of the sort.
The so-called property-flipping schemes work as follows: unscrupulous investors buy cheap, run-down properties in mostly low-income neighborhoods. They do shoddy renovations to the properties and sell them to unsophisticated buyers at inflated prices. In most cases, the investor, appraiser and mortgage broker conspire by submitting fraudulent loan documents and a bogus appraisal. T...
[ Read Full Article Here ] |
|
| Most Popular Real Estate Investing Related Categories |
|
Real Estate Investing Related Web
Sites |
|
|
Read all the latest Real Estate News
here.
Read all the latest Foreclosure News
here.
E-mail This Site to a Friend Deals on Electronics
|
© Copyright 2008 Buying Investment Property
This site contains links to other sites on the
Internet. These links are provided for your convenience. Links to another site
do not constitute approval or endorsement of that site or its products or
advertisements.
No warranties or representations are made as to
the accuracy or completeness of the information contained on this web site. This
information and the products and services are provided "as is" "as available"
without any warranty of any kind, either expressed or implied, including but not
limited to, the implied warranties of merchantability, fitness for a particular
purpose, and non-infringement. |
|