I was featured on REALTOR.com® again - they posted a blog I wrote called "What is Real Estate Flopping?" Go read the full post, but the gist was this:
Flopping is when agents or a buyer purchase a property from a lender for less than the balance owed (often they target short sales) without disclosing that there are better offers available. They then turn around and sell the property for a profit to one of the better offers that is waiting in the wings. Thus, a flop.
Read more about "Phoenix real estate on Realtor.com - What is real estate flopping?," at MyPhoenixmls.com
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