Loans, Debt & Credit - View Single Post - Want to buy bigger, but upside down??????

Paul Molinaro Esq. · 07-03-2009, 03:48 PM

NO LEGAL ADVICE HERE - JUST GENERAL INFORMATION - ANY SIMILARITIES TO ANYONE'S ACTUAL SITUATION IS JUST ONE HECK OF A COINCIDENCE.

The process of buying a new home and letting the old one go... is called "buy and dump" and is frowned upon... some frown at the unethical implications and some frown because it can be considered fraudulent (and illegal) in some cases.

- Paul

07-03-2009, 03:48 PM	#3 (permalink)
Paul Molinaro Esq. Attorney Join Date: Mar 2009 Location: 980 Montecito Drive, Suite 206, Corona, CA 92879 Posts: 133 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Want to buy bigger, but upside down?????? NO LEGAL ADVICE HERE - JUST GENERAL INFORMATION - ANY SIMILARITIES TO ANYONE'S ACTUAL SITUATION IS JUST ONE HECK OF A COINCIDENCE. The process of buying a new home and letting the old one go... is called "buy and dump" and is frowned upon... some frown at the unethical implications and some frown because it can be considered fraudulent (and illegal) in some cases. - Paul __________________ ______________________________ Paul J. Molinaro, M.D., J.D. Attorney at Law, Physician, Broker ______________________________ Fransen & Molinaro, LLP 980 Montecito Drive, Suite 206 Corona, CA 92879 pmolinaro@LoanLaw.net 1-888-756-2652 ______________________________ The information contained in this post is NOT to be taken as legal advice. My posts are for general information and educational purposes only. If you need legal advice, please contact an attorney.