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Well let's see how appraisers fared here [0]: "Intra-family flipping In the past two years, the Soni family essentially created their own market in Santa Ana
by isolli 8y ago
Well let's see how appraisers fared here [0]:
"Intra-family flipping
In the past two years, the Soni family essentially created their own market in Santa Ana by flipping enough homes in a small area, said Lackner, the appraisal fraud specialist. In at least three cases, homes flipped from one family member to another – sales later used by appraisers to give credibility to high asking prices for other properties in the area."
[0] https://www.ocregister.com/2009/11/12/wamu-loaned-millions-to-oc-home-flippers-with-fraud-history/ https://www.ocregister.com/2009/11/12/wamu-loaned-millions-t...