Comments on: Welcome to “Flopping” the Latest Short Sale Flipping Scheme http://varealestatetalk.com/2009/11/19/welcome-to-%e2%80%9cflopping%e2%80%9d-the-latest-short-sale-flipping-scheme/ A Peek at Life & Real Estate in Northern Virginia Mon, 30 Jan 2012 13:39:29 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Cindy Jones http://varealestatetalk.com/2009/11/19/welcome-to-%e2%80%9cflopping%e2%80%9d-the-latest-short-sale-flipping-scheme/comment-page-1/#comment-2787 Cindy Jones Tue, 15 Jun 2010 16:47:45 +0000 http://varealestatetalk.com/?p=1110#comment-2787 I have no problem with flipping properties. If an investor buys a property, makes improvements and sells for a profit it is good for a neigbhorhood. However lenders are starting to question flopping. Why if a property is worth X at 10 am for the first settlement and Y a few hours later for a second settlement? As long as there was no attempt to defraud the lender with deliberately low appraisals or BPO's and it is an arms length transaction then no one has to worry about the FBI looking over their shoulder. I have no problem with flipping properties. If an investor buys a property, makes improvements and sells for a profit it is good for a neigbhorhood. However lenders are starting to question flopping. Why if a property is worth X at 10 am for the first settlement and Y a few hours later for a second settlement? As long as there was no attempt to defraud the lender with deliberately low appraisals or BPO’s and it is an arms length transaction then no one has to worry about the FBI looking over their shoulder.

]]> By: KB Collins http://varealestatetalk.com/2009/11/19/welcome-to-%e2%80%9cflopping%e2%80%9d-the-latest-short-sale-flipping-scheme/comment-page-1/#comment-2786 KB Collins Tue, 15 Jun 2010 16:26:36 +0000 http://varealestatetalk.com/?p=1110#comment-2786 Flipping and Flopping? It seems that many of the short sale courses are designed to do this. There are a few programs out there that actually are a paint by the numbers Flopping scheme. I would like more information as to the legal issues and not someone deciding that a flip is illegal on its face. Flipping and Flopping? It seems that many of the short sale courses are designed to do this. There are a few programs out there that actually are a paint by the numbers Flopping scheme.

I would like more information as to the legal issues and not someone deciding that a flip is illegal on its face.

]]> By: brenda http://varealestatetalk.com/2009/11/19/welcome-to-%e2%80%9cflopping%e2%80%9d-the-latest-short-sale-flipping-scheme/comment-page-1/#comment-322 brenda Sun, 06 Dec 2009 17:31:43 +0000 http://varealestatetalk.com/?p=1110#comment-322 Hello! Nice site and good articles. Hello! Nice site and good articles.

]]> By: Carnival of Real Estate #167 « Hawaii Real Estate Blog http://varealestatetalk.com/2009/11/19/welcome-to-%e2%80%9cflopping%e2%80%9d-the-latest-short-sale-flipping-scheme/comment-page-1/#comment-321 Carnival of Real Estate #167 « Hawaii Real Estate Blog Mon, 23 Nov 2009 20:33:42 +0000 http://varealestatetalk.com/?p=1110#comment-321 [...] Welcome to “Flopping” the Latest Short Sale Flipping Scheme Cindy Jones of Varealestatetalk.com How much trouble can we get ourselves into? [...] [...] Welcome to “Flopping” the Latest Short Sale Flipping Scheme Cindy Jones of Varealestatetalk.com How much trouble can we get ourselves into? [...]

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