Monday, January 1, 2007

Flipper's new approach: Lower price

By SHEILA MULLANE ESTRADAPublished January 1, 2007


"BELLEAIR BEACH - Bruce Sparks painted a bright red "4 SALE" sign on his home's roof in September, hoping to attract a buyer for his waterfront home."

"It was a desperate attempt by a man who had hoped to flip the house for a quick profit the way so many investors had done before him, when the real estate market was still booming"

"Now, several months later, the house remains unsold, and Sparks is facing foreclosure, said Richard Doyle, Spark's real estate agent."Full Article.

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