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LSDefine

Simple English definitions for legal terms

land flip

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A quick definition of land flip:

Term: LAND FLIP

Definition: A land flip is when someone buys a piece of property for a low price and then quickly sells it for a much higher price to trick a bank or future buyer into thinking the property is worth more than it really is. This is not an honest way to do business and can cause problems for everyone involved.

A more thorough explanation:

Definition: A land flip is a real estate transaction where a property is bought for a low price and then quickly sold for a much higher price to deceive a lender or future buyer into thinking the property is worth more than it actually is. This is often done by selling the property to a fake buyer or entity.

Example 1: John buys a piece of land for $50,000. He then creates a fake company and sells the land to the fake company for $200,000. John then uses the fake sale to convince a lender to give him a loan for $200,000. This is an example of a land flip.

Example 2: Sarah buys a house for $100,000. She then quickly sells the house to her friend for $300,000, even though the house is not worth that much. Sarah's friend uses the inflated price to get a larger loan from a bank. This is also an example of a land flip.

These examples illustrate how a land flip can be used to deceive lenders or future buyers into thinking a property is worth more than it actually is. This can lead to inflated prices and loans that are not based on the true value of the property.

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TGM
18:39
@texaslawhopefully: alas, haven’t even gotten an interview (applied around thanksgiving)
18:39
Yeah I would delay as long as you have plausible deniability
TGM
18:40
I actually do have a transcript issue that registrar needs to resolve, should I say that
TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
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hey yall
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im premed idk why im here
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we’re like cool and sexy and fun I get it
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Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
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try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
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I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
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