‘Flopper’ Fraud Hits Short Sales, Spurring Federal Investigations
“Flopping” is what law enforcement is calling the latest real estate scam. The FBI, Freddie Mac and state real estate departments are all probing flopping. Think of it as flipping without a fix-up, but with a fraud.

Read more on Investor’s Business Daily, Inc. via Yahoo! Finance

This entry was posted on Sunday, August 29th, 2010 at 8:57 pm and is filed under Bank approved short sales. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.