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Updated over 14 years ago,
HAFA, REALTOR ETHICS, & THE FUTURE OF SHORT SALE FLIPPING
Does anyone have a clear picture how the HAFA 90-day hold will affect those of us doing double closings and using transactional funding?
http://realestateresult.com/short-sale-rules-will-impact-buyers-starting-april-2010/
And here's yet another anti-flip piece I came across:
http://www.realtor.org/rmolaw_and_ethics/articles/2010/1004_law_shortsalesethics
"4. Selling to a flipper. Unless the investor in a flip is prepared to add substantial value by fixing up a property, don’t participate in a flip. Short sale flips benefit only the investor, who’s clipping off money that could go to an already bleeding lender."
This is just plain anti-trust and totally biased, as my answer lies in the fine print at the bottom of the article; it is no wonder, having been written by an anti-investor, pro-lender. Just plain wrong.
Like we don't already face enough obstacles!