Short Sale Flopping

[Chris Jefferson]

Not sure if anyone has seen this. Thoughts?

http://www.latimes.com/business/realestate/la-fi-lew-20100905,0,7858564.story

[Will Barnard]

We can go back and forth here all day, but at the end of the day, in order to prove fraud, there must be "intent".
If an investor, me, your, or anybody else, soes a short sale, uses proper disclosures to the bank, and utilizes the legal advice for which the investor paid for, there is no intent, and therefore, no fraud.

Yes, laws are often up to interpretation, however, it is clear that when done properly and legally, without intent to commit fraud, the investor is safe.

I can argue that you are in danger each and everytime you drive on the highway, but would you agree that to stay safe, you would just stay home always? Risk is around every corner, how you mitigate and control it is what is important.