Colorado may look to regulate wholesaling

[Matt M.]

DORA just released this bulletin about wholesaling, etc here in Colorado (Denver). They may look to the legislature to put restrictions on these types of real estate transactions.

Consumer Advisory: Long-term Home Ownership Concerns (Wholesaling/Assigning Transactions and Distressed Rescue Transactions)

While these transactions serve a purpose is keeping properties moving, there is a right way and a wrong way to do it. Don't do it the wrong way.

[Jay Hinrichs]

well the TRUTH about wholesaling hurts..  if properties are not financeable I get that.

but the redistribution of equity to these folks who just do not tell the truth about the actual values all to 

try to make as big a score as they can.. just is wrong.. I know its a minority view on BP.. but its wrong just is. 

I wonder how these folks that wholesale and do this would feel if it was their mom or dad.