Are House Flippers Guilty?
Flipping Laws: HUD Fights Inflated Housing Costs | Are investors guilty?
Flipping a house, or reselling a property quickly after purchasing, isn't illegal.
Because so many house flippers committed mortgage fraud or used predatory lending practices, HUD, the U.S. Department of Housing and Urban Development, is trying to protect home buyers. HUD also seeks to halt appraisals at inflated prices. The agency believes that house flippers artificially inflated prices.
I don't think real estate investors are to blame for the "pending housing crash."
Read about HUDs rules, what you can do to still make money flipping houses, and who might be guilty of "artificially inflating house prices."
House Flipping Laws
Copyright © 2006 Jeanette J. Fisher
Flipping a house, or reselling a property quickly after purchasing, isn't illegal.
Because so many house flippers committed mortgage fraud or used predatory lending practices, HUD, the U.S. Department of Housing and Urban Development, is trying to protect home buyers. HUD also seeks to halt appraisals at inflated prices. The agency believes that house flippers artificially inflated prices.
I don't think real estate investors are to blame for the "pending housing crash."
Read about HUDs rules, what you can do to still make money flipping houses, and who might be guilty of "artificially inflating house prices."
House Flipping Laws
Copyright © 2006 Jeanette J. Fisher
posted by Jeanette at Thursday, August 31, 2006
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