At the peak of the real estate boom, “house flipping” was all the rage.
Then the tumbling economy snagged investors like Mark Lepzinski of Clearwater.
After 36 months of buying and selling dozens of homes throughout the Tampa Bay, Fl area, Lepzinski, 50, declared bankruptcy this year. On Feb, 23, the Lepzinskis filed a Chapter 7 liquidation bankruptcy. Their petition listed nine properties on which the lenders had foreclosed, repossessed or taken the deed in lieu of foreclosure.
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