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Updated over 11 years ago, 05/14/2013

User Stats

572
Posts
335
Votes
Manny Cirino
  • Real Estate Agent
  • Winter haven, FL
335
Votes |
572
Posts

Short sale investors referred to as organized crime groups by Fannie and Freddie???

Manny Cirino
  • Real Estate Agent
  • Winter haven, FL
Posted

So I like to ready different real estate article on a daily bases from forbes, yahoo, msn, realtor.com etc... Today I came across the most ridiculous article! It simply states that Fannie and Freddie see short sale flips as mortgage scams and that the group of investors, realtors, appraisers etc... That partake in these transactions are organized crime groups. WTF! Sorry for my language by it's crazy how Investors are clearing the lending industries mess and are being seen as scam artist because the profit in one deals is higher than a school teachers salary. Here is the link I would love to here everyone's opinion on this article.

http://realestate.msn.com/more-short-sales-bring-new-scam-flopping?wa=wsignin1.0

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