Flipping can sometimes also be a criminal scheme. Illegal property flipping is a
fraud whereby recently acquired property is resold ...
Emerging fraud trends: Illegal property flipping with cash-out purchases. A well-
known practice in the real estate industry is property flipping. Flipping is a legal ...
A con artist buys a property with the intent to re-sell it an artificially inflated price
for a considerable profit, even though they only make minor improvements to it.
You must know what illegal house flipping is and what it's not before you set foot
into wholesaling real estate or even rehab real estate.
Flipping a house is a practice that has been done by many. While it ... those who
take the time to do it fast and beneficial rewards, it can also be done illegally in so
Mar 18, 2013 ... Geoffrey Montani, 36, and Kenneth Jones, 50, both of Portland, Oregon, were
sentenced to 15 months in prison in separate hearings following ...
Apr 18, 2013 ... When the housing market went bust, house flippers went into hibernation. Now,
as the recovery creeps along, bargain-hunters are once again ...
Jan 3, 2014 ... Illegal property flipping occurs when the flipper inflates the sale price without
making any actual improvements on the property. An appraiser is ...
Despite the negative press, neither flipping houses nor double-closings are
illegal. The activities described above simply amount to loan fraud, nothing more.
Learn how savvy real estate investors flip properties legally and ethically. ... Yet,
people unfamiliar with flipping often ask, isn't flipping properties illegal?