Real estate blog entries tagged with flopping by Daryl Datus (Reid Real Estate Belfair)

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Home : Blogs : Daryl Datus : Daryl Datus's Blog : Tag "flopping"

flopping: Flopping homes is it for you? - 11/03/11 12:53 PM

As more houses in Seattle 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 short sale, buying a house for less than what the lender is owed. But the investor has another buyer lined up who is willing to pay more.
The bank, usually unaware of the other waiting buyer, accepts a lower price … (10 comments)

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Daryl Datus

Belfair, WA

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Reid Real Estate Belfair

Address: 23861 NE State Route 3, Belfair, WA, 98528

Office Phone: (360) 275-2868 x 104

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