farbet,
Neither of these appear of foreclosure.com
The one on foreclosure.com is at a different address and was purchased in 10/05. It’s one of the worst locations and is on its 3rd owner. 1st owner flipped 5 months after closing for $300K above what they paid, 2nd owner flipped 6 months later for $80K above what they paid (broke even after expenses). Current owner bought still unlandscaped and w/o window coverings from the 2nd flipper. She flopped.
However, unappealing there is nothing unethical or prohibited about flipping just as there is nothing unethical about buying and selling stocks.
To answer your other question, anyone with a real estate license is required to disclose that fact upfront in any real estate transaction. It is usually done in the MLS under confidential remarks which are only visible to Sandicor members and not in the listings that forwarded to the general public.
