House Flipping Laws: Are Real Estate Investors Guilty?

Posted by admin in How To Flip

HUD believes that house flippers inflated prices and added laws to protect consumers.

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. Read the rest of this entry »