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Foreclosure flipping scam

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Uploaded by on Sep 18, 2007

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/

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All Comments (15)

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  • YHEA, DON'T SCAM THE BANKS..........the banks aren't robbing us at all !

  • @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.

  • 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.

  • wow people need to know who they are trusting with their foreclosure people using fake names it a big red flag.

  • I know a guy who is doing this he tried to get us to give him my home, wanted it for just about nothing.

  • This is soooooo sad.....they give investors such a terrible reputation. People are already hesitant dealing with investors already.

  • LOL i luv it! who's with me?!?! :3

  • 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.

  • The horrible belongs to you. No one said "only". But "only" will get away with.

    Now shut the hell up.

  • And? Get back to the scamming. Stay on topic. Use no excuse of others as your reason for your own divergence.

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