Aug
29
2010
‘Flopper’ Fraud Hits Short Sales, Spurring Federal Investigations
Posted by Usual in Bank approved short sales, tags: 'Flopper', Federal, fraud, Hits, Investigations, Sales, Short, Spurring‘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

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