What is the overthrow of the country?
Land Flip is the practice of real estate sales where people work as a group to cheat innocent buyers and creditors who are cheated on the entrance to transactions where land is sold at an artificially high price. The soil overturning is different from the overturning of the house, a real estate practice that does not necessarily have a fraudulent nature. In the case of soil overturning, the transaction is inherently fraudulent due to the way it is set.
Land Flip begins buying land at a low price. The original buyer sells Commuder for a slightly significant price. This property can be sold several times to different members of the group to inflate the price. When the participants are prepared, they can take a development loan or try to sell the property to the unsuspecting buyer. In both cases, the inflated price they created is used as a basis for a loan or selling price.
If the group opens for a development loan and then extends, the creditor will not be able to recover the cost of a land loan. AboutIt threws the risk of the creditor and is one of the reasons why creditors are very careful in assessing loan applications because they want to confirm that the land for which they lend money is appropriately appreciated and is not used in soil inverting fraud. These frauds can sometimes be very complicated and credit officials may have to carry out extensive research to reveal the presence of fraud.
When buyers are landing victims, they buy land at a much higher price than its actual market value. They may have trouble getting lending for land and will also have problems with renewal. If it develops, the money available for development will be limited due to the high price paid for undeveloped land and if they try to sell the land, they may not find any willing buyers.
Land rolling schemes are illegal and people can be penalized by them. People who buy land can protect themselves from fraud by performing a thorough search for the title. This reveals whether the property wassold several times in recent history, a warning of a red flag for potentially fraudulent transactions. Research can also detect lien, easements and other restrictions on Earth or a title that could become a problem if the buyer tries to develop it.