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need some help

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transformers

Thread Starter
Freshman Member
Joined
Apr 3, 2007
Professional Status
Certified Residential Appraiser
State
Texas
not sure what it is called, but here is the scenario i have come across. id like to know where i can get more info, who to call, about the legality of this situation as an investor and appraiser.

investors are buying new construction homes from a builder at a cheap price, getting them appraised at the top of the market, and selling them days later to corporations who lease them out to buyers/renters with no credit.

whats the deal?
 

Mike Plumlee

Junior Member
Joined
Feb 21, 2007
Professional Status
Certified Residential Appraiser
State
Texas
There's nothing inherently wrong with the buying and leasing part. But your insert about the appraising at the top of the market means you know more than what you're divulging.

Care to be more specific? There are many experienced folks here who can analyze that part for you, but you'll have to offer some details and proof.
 

Jason S

Sophomore Member
Joined
May 1, 2007
Professional Status
Licensed Appraiser
State
California
Are you talking about corporate housing?
 
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