Here is Fannie Mae’s take on short sale flipping

Fannie Mae has published this information about short sale flipping.  The information gives tips to lenders (both short sale lenders and buyer’s lenders) on how to identify and stop short sale fraud.   Again, this document further proves how vital it is to work with honest and reputable short sale experts when dealing with a potential short sale transaction.

Many lenders are now drafting policies and putting systems in place to prevent such fraud and abuse.   In addition, the FBI continues to commit additional resources to fight this growing trend.