SELLING FORECLOSURES - Posted by CHUCK

import · April 9, 2006, 10:36am

Posted by CHUCK on April 14, 2006 at 08:04:54:

This was another investor known by my partner. I didn’t get all the details.

import · April 9, 2006, 10:36am

Posted by CHUCK on April 09, 2006 at 10:36:28:

Don’t know how true this is. I heard that selling a foreclosed home, within six months, you can only make a profit of 4K. Person said that this is a new law.

import · April 9, 2006, 6:44pm

Re: SELLING FORECLOSURES - Posted by dutch

Posted by dutch on April 09, 2006 at 18:44:37:

And this new person is, what, a lawyer? a real estate expert?

there have been cases on FLIPS (held under 1 year), when certain lenders attempt to limit the profit. But there are ways around it.

Dutch