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Home / Law / Banks face short-sale fraud as home ‘flopping’ schemes spread

Banks face short-sale fraud as home ‘flopping’ schemes spread

Two Connecticut real estate agents found a way to profit in the U.S. housing bust: Buy low, sell fast. Their tactic was also illegal. Sergio Natera and Anna McElaney are scheduled to be sentenced in Hartford's federal court in August after pleading guilty to fraud. Their crime involved persuading lenders to approve the sale of homes ...

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