Business and Personal Finance Dictionary

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• LAND FLIP
  
  A colloquial expression used by some lenders and real estate developers to describe an abuse intended to overstate the purchase price of real estate collateral. Typically a land flip involves a sale of real estate at an inflated price that is not an arm’s length transaction. An example of this kind of abuse might be a property purchased by X for $50,000 and one year later sold to a partnership involving X for $100,000.
  
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