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Resource ID: #17207
Subject: Housing
Source: Baltimore Sun
Date: 2000-12-31



A Baltimore Sun investigation of the Baltimore real estate industry reveals that "flipping" is a common practice. "Flipping is the purchase and quick resale of a property at a substantial profit. Flipping itself isn't illegal. It becomes illegal when documents are inflated appraisals and falsified documents are used to get a mortgage for more than a house is worth for a buyer who should not get the loan."

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