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 Real Estate Fraud Series - No 3
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Friday, June 06, 2008 |
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In the third special feature in TheMoveChannel.com’s series highlighting the world's most prevalent real estate scams, we take a look at illegal property flipping scams.
Illegal property flipping is a fraud for profit scheme whereby recently acquired real property is resold for a considerable profit with an artificially inflated value. The real property is resold within a short time frame, often after making only cosmetic improvements to the real property.
To read the full article, which features information about how the scam works in practice, along with expert opinion and commentary, please visit our features section: http://www.themovechannel.com/articles/viewpoints/108-13-5.asp
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