Mark Walters Short Sale Flopping Rebuttal

Tuesday, June 15th, 2010 Mark Walters No Comments »


NEVER do what’s called short sale flopping! That’s where you get the bank to sell you a property at a price that’s much lower than fair market value, in a way that’s misleading or facts that are not fully disclosed.

There are too many good deals out there at great prices to do anything underhanded.

A story was recently written that included a quote of mine from a past video I made. In it mentioned giving BPO agents who help lenders establish a value for the property, information to help them come up with a value that’s lower than they might.

First of all, it’s very rare to ever have the chance to speak to one of these people. But if you do, my comments were that you could considering letting them know WHY the values in the area are as low as they are, so they have a full picture of values in that particular neighborhood.

Sometimes these agents are from other areas and merely do a drive by.

Other times they are in an office in another state determining values.

These BPO agents probably don’t know as much as an investor knows about that particular neighborhood. If they did, they might value the property differently.

I’m not telling you what to do, only that these scenarios exist.

ALWAYS disclose properly and stay within in the law. There is no reason why you can’t be finding good deals out there that banks are more than happy to sell to you at discounts that are beneficial to both parties.

Mark Walters~



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