Inman PM: Short-sale risk: 'property flopping'

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ADVERTISEMENT ONLY 11 DAYS LEFT! Save over $300 on Connect SF 2010 when you register by Friday, March 19th. Register Today! TODAY'S TOP STORIES = Premium Member News - Join Now » Tuesday, March 09, 2010 Short-sale risk: 'property flopping' By MATT CARTER Industry groups representing appraisers say the Obama administration's short-sale incentive program lacks safeguards to prevent mortgage fraud, including so-called "property flopping" schemes in which real estate agents help investors obtain bank-owned properties at deflated prices. More » Trulia: Price reductions reach new low California cities discounted the least Beware listings scammers Real Estate Crime Roundup Downsizing the McMansion Book Review: 'More Not So Big Solutions for Your Home' Agent's 'foolish' fix-it advice Is inspector on hook for inappropriate disclosure? OTHER TOP STORIES Google tech: from Web crawl to full sprint RealHarmony: real estate matchmaking GE sells Supra lockbox parent Baird & Warner tool finds foreclosures Brits reject far-flung destinations Sacrificing privacy to get a loan Latest News »	ADVERTISEMENT Women make 91% of real estate decisions. Attract + convert women buyers and sellers. Women's Real Estate Designation. $75 off with code: INMAN www.WRELDA.com NOTABLE QUOTE "Ava opens the French translation feature. Based upon the bedroom-bath count, location and the 57 lifestyle features her clients selected in their initial buyer interview, there is an 83.5 percent chance that they will purchase one of these three houses. Since 3-D walkthroughs haven't shown up yet in France, she's sure her clients will appreciate being able to review the houses from Paris." --Bernice Ross THE WHEEL ESTATE CAM Episode 14: Sunk Cost Episode 13: Agents to blame for 'junk fees'? Episode 12: Work less, make more More Wheel Estate Cam »
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