Wednesday, February 16, 2011

Flipping Fast and Furious

I don't actually know what the previous owner (referred to as "the seller") has to do with any of it. You signed on the dotted line; it's not yours anymore.

Home seller miffed after firm flips home
The company behind the deals, New Land Strategies Corp., 703-6081 No. 3 Rd., has upwards of 10 similar Richmond properties currently available.

. . .

New Land, and owner Ze Yu Wu, has spammed a list of the properties to local realtors: 9711 Stilmond Rd., 3460 Raymond Ave., 3531 Jesmond Ave., 8720 Kelmore Rd., 10740 Reynold Dr., 10100 Bamberton Dr., 9860 Berry Rd., 8360 Lunen Rd., 6391 Mara Cres. The Review was unable to reach Wu for comment.

I love this paragraph:
The Review was recently contacted by two realtors who were concerned about the unusual practice, the likes of which hasn’t been seen in Richmond since the late 1980s.

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