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SourceLaw Dictionary Browse Letter L

Land Flip

Legal definition for Indian law research

Definition

Land flip, means a transaction in which a piece of property is purchased for one price and immediately sold, usu. to a fictitious entity, for a much higher price, to dupe a lender or later purchaser into thinking that the property is more valuable than it actually is, Black's Law Dictionary, 7th Edn., p. 883.

Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.

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