What does the term "land flipping" refer to?
A) tossing coins to see who will purchase a desired tract of land
B) having the bank sell foreclosed land to a bank officer or his straw man
C) driving up the price of land artificially before obtaining a loan for it at the artificially inflated price
D) trading or flipping useless parcels of land back and forth between loan officers before finally foreclosing on them
Correct Answer:
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