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New Rules - Flipping and Flopping scams are back

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Mortgage and Lending with and for 1st Time Buyers, Move Up Buyers & Investors 207897nmls# DOC#207897

New Rules - Flipping and Flopping scams are back

Why this is such a ot topic is because the "Average Joe" going down to the auctions is getting pressured and innocently taken, and then You the agent are expected to sell the house while trying to figure out multiple changes of title, straw deeds, dollar buys and LLC cleaning is happening all around you. So to help alleviate the stress of can you sell it, to whom and when, I have attached the following lender advisory.

So here is the info call with questions 

How to Detect Flipping and Flopping Schemes

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Tony & Darcy Cannon
Aubrey and Associates Realty - Layton, UT
The C Team

Mark, Good information.  It is too bad that things like this come up often, especially when a market is changing and growing.  Have a great Saturday!

May 05, 2012 05:45 AM