Fraud! RE Agents ARRESTED for alleged short sale fraud.CNNMoney.com has an article about unscrupulous real estate agents who are short selling their short sale listings. The agent will 1st get an offer from a legitimate buyer, then an accomplice will write a lower offer which is presented to the bank. The legitimate and higher offer is never given to the bank. Once the lower offer is accepted, the agents then flip the house to the legitimate 1st offer, netting thousands of dollars in the process. According to Corelogic.com, these same day resales average a $50,000 profit for just a few short hours of work.July 17 2011 - US55YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.