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TOPIC: Flip That House
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| Created by: SandJinVT | The original post for this thread was deleted. |
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Palm Beach Gardens FL |
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(1095 post)
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Sand J the worst part about what happened here , was the houses that were sold decietfully were sold through HUD, and were dealt through banks etc dealing w/ HUD, it was like a big insider trading deal, and when things fell apart etc, the people who got hurt the worst were those who bought thier first home, etc those who really couldnt afford such a thing to happen, and of course you know what the banks did? they helped those poor souls out and forclosed on most of the properties again and resold them. we dealt w/ some of it through our work and it was not a fair end to say the least
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Burlingham NY |
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(9214 post)
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a few years ago we had a few local agents who got togehter with a couple of morgage brokers who had an ideal scam where as the were buying houses really below market value ( they were all in really poor shape as well), well the whole deal was aided by a appraiser who was in cahoots in giving inflated appraisals. well all was fine until the agents sold rolled the properties to people who had no clue. in the end several agents lost thier licences homes as well as a few ended up w/ jail sentences
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Burlingham NY |
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Reisterstown MD |
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Burlingham NY |
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Sarasota FL |
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(2070 post)
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| 1 to 6 of 6 |
TOPIC: Flip That House
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