A new breed of house flipping
There are more than 6.7 million U.S. households with mortgages that are behind on their payments or are in the foreclosure process. It may look like we’re a long way from the house-flipping that helped create the housing bubble, but there’s a new breed of flipping that’s started in places like Florida. We talk to Michael Braga, investigative reporter for The Sarasota Herald Tribune, along with Larry Furman, who is a home owner facing a reset on his adustable rate mortgage.
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