Click on my big head!
by Broderick Perkins
© 2010 DeadlineNews.Com
Unauthorized use of this story is a copyright violation -- a federal crime
Deadline Newsroom -
Real estate investors who legally cash in on rising home values by buying and quickly reselling, or "flipping" properties shouldn't be confused with an offshoot band of "floppers" working the other side of the street.
Honest flipping profits from a true increase in property value. Conversely, flopping illegally profits from a false decrease in property value.
Following in the footsteps of foreclosure rescue scams and mortgage modification schemes, flopping is one of the latest scourges of the housing market.
Flopping takes aim at the short sale sector of distressed housing.
Get the full story here: "Fraudulent ‘Flopping’ Takes Cue from Legal ‘Flipping’ "
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Broderick Perkins, an award-winning consumer journalist, parlayed 30 years of old-school journalism into a digital real estate news service, the San Jose, CA-based DeadlineNews Group, including DeadlineNews.Com, a real estate news and consulting service and Web site, and the Deadline Newsroom, DeadlineNews.Com's news back shop.
Under the DeadlineNews Group umbrella:
Perkins was the first Examiner to cover three beats for the Examiner.com news service:
• National Real Estate Examiner
• National Consumer News Examiner
• National Offbeat News Examiner
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