Loan Modification Forum - LoanSafe.org - View Single Post - How to buy another home same floor plan but $50,000 cheaper?

Paul Molinaro Esq. · 07-03-2009, 04:05 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
P.S. Yes, this is a repeat answer... you's guys gotta read each other's posts so we don't repeat ouselves... not that this topic is boring (I live it every day... and I love it), but the value here on this forum is helping each other... which means reading other posts on your topic before posting.

07-03-2009, 04:05 PM	#2 (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: How to buy another home same floor plan but $50,000 cheaper? 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 P.S. Yes, this is a repeat answer... you's guys gotta read each other's posts so we don't repeat ouselves... not that this topic is boring (I live it every day... and I love it), but the value here on this forum is helping each other... which means reading other posts on your topic before posting. __________________ ______________________________ 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.