______________ is the process of progressively increasing the sales price of real estate and the size of the loan and defaulting on the final loan.

Question

Quizplus · Accepted Answer

Land flipping involves purchasing a property, making improvements to increase its value, and then quickly reselling it at a higher price. The process may involve increasing the sales price of the property and taking out a larger loan with each subsequent flip. Eventually, the borrower may default on the final loan when they are unable to sell the property for a high enough price to cover the loan balance.

______________ Is the Process of Progressively Increasing the Sales Price