This video is from the show Open House on CNN. This video briefly explains how a flipping scam works and what to look out for so you are not another victim!
More info at:
sccrealestateuncensored.com/2007/shortsale-foreclosure-pt1/
micasamidinero.com/2007/shortsale-foreclosure-pt1/
YHEA, DON'T SCAM THE BANKS..........the banks aren't robbing us at all !
WONDOCTORJ 1 year ago
@shonasplace I completely agree with you, I am new to REI and I wanted to know what people are fearing. I have never scammed nobody and people who do need help are afraid of getting it because of this scammers.
mRsToRrEs520 1 year ago
The housing collapse probably put an end to this scam. But these assholes were one of the source of speculation AND defaults that created the problem.
nesNYC 2 years ago
wow people need to know who they are trusting with their foreclosure people using fake names it a big red flag.
REstatebuyersClub1 2 years ago
I know a guy who is doing this he tried to get us to give him my home, wanted it for just about nothing.
jonie1515 2 years ago
This is soooooo sad.....they give investors such a terrible reputation. People are already hesitant dealing with investors already.
shonasplace 2 years ago
LOL i luv it! who's with me?!?! :3
SirBanon 3 years ago
So now not only do we have bailout plans for Freddie and Fannie, and AIG, and all the banks that are failing right now (circa Nov/2008), but 20% of that bailout money (an estimate) is going to criminals (the $400K loan that the bank asks for a bailout on). Wow. Ok, you say, just stop the bailout. Well, then there is bankruptcy. And taxpayers still pay. I wonder if Republicans "less govt" means less bailout, or less regulation. Surely the latter has already been in place for 30 years or so.
tiamiata 3 years ago
The horrible belongs to you. No one said "only". But "only" will get away with.
Now shut the hell up.
Anothercoilgun 3 years ago
And? Get back to the scamming. Stay on topic. Use no excuse of others as your reason for your own divergence.
Anothercoilgun 3 years ago