Flipping HUD homes

[Phips Deus]

I may be late, but I saw an article online that I wanted some opinion on. 

http://www.nwitimes.com/news/crime-and-court/three...

Three indicted in house-flipping scheme

Basically, I wanted to know where did these guys go wrong? 

[Scott Schultz]

i never understood people trying to wholesale REO's the REO sellers for the most part will not allow "and or assigns" on the contract, so unless you do a simultaneous close, and use someones money for a a day, i dont see it working out well, besides, your gona forfeit the ernest money if you dont get a buyer, just find the money and buy it, and resell it legitimately