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Name: Property Flipping
SKU: ea240a009ec6
Availability: InStock

Resource ID: #18776

Subject: Housing

Source: Star-Ledger (Newark, N.J.)

Affiliation:

Date: May 21, 2001

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Description

An investigation by the Star-Ledger revealed a "major mortgage fraud" in New Jersey "involving an individual who made a career out of property flipping. Targeted were low-income, minority buyers who were promised fully renovated homes, made affordable by FHA-guaranteed loans."