Tuesday, October 23, 2012

Latest in mortgage fraud: Flopping - Oct. 23, 2012

Flopping is the latest in mortgage fraud, in which sellers actually want as low a price as possible.
The scheme works if they are underwater on their mortgage, and their lender agrees to a short-sale, forgiving the difference between the sale price and the amount owed....READ MORE>  Latest in mortgage fraud: Flopping - Oct. 23, 2012

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