Fraud v. Creative Financing

Commentary: I frequently see blog posts written by ignorant whistle blowers that don't know the difference between 'creative' and 'fraudulent'. If too many people don't learn the difference, then the real estate industry risks becoming paranoid and defensive. This could translate into regulations that restrict the ability for many people to buy or sell their property efficiently. The market demands fluidity. Otherwise, we will have a permanently 'slow market'. Learn to spot a true fraud. Understand the value of creative solutions. Become an educated judge.

Recommendations: One website that I like is FlippingFrenzy Dot Com. Ralph Roberts seems to be an honest investor and educator who has created this blog to expose fraud and the real culprits. in addition, he focuses on regulation changes happening as a result of our current market 'condition'. I appreciate his views because he understands Realtors and investors (who have similar intentions but occasionally different strategies and solutions). I swear I have no affiliation!

I'm also looking forward to reading this book: Greed, Fraud & Ignorance: A Subprime Insider's Look at the Mortgage Collapse (Mortgage Solutions)

WHAT'S YOUR OPINION? WHAT RELEVANT WEBSITES OR BOOKS DO YOU RECOMMEND?

 

1 Comments on Fraud v. Creative Financing

I changed the title of this post from 'Don't be Ignorant (Whistle Blowers)' because I'm guessing more people will respond to a title that poses a question.

03/16/2008 08:39 PM by Jeremy Butts - Investor (Real Estate Entrepreneur)


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Real Estate - Other: Jeremy Butts - Investor (Real Estate Entrepreneur)
Jeremy Butts - Investor
Gainesville, FL
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I am a real estate investor in Gainesville, FL. * We buy houses * We rent-to-own *We pay 5-15% interest to IRA investors

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