Key Takeaways
- State consumer protection laws may require specific disclosures and cooling-off periods.
- Equity stripping and predatory practices result in criminal charges and civil damages.
- Written ethical guidelines and annual training are essential for all distressed investing teams.
- Ethical reputation generates referrals and provides long-term business sustainability.
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Test Your Knowledge
1.What is equity stripping in distressed property investing?
2.What must distressed investing marketing materials include in many states?
3.What generates long-term referrals in distressed investing?