Take a look around from what looks like the realtor's pitch:
The financing illuminates some of the mess in the mortgage industry:
Let's recall the math on Ms. Palin's purchase: Whitmore buys the short sale from JPMorgan in March 2010 for $805,000. He then flips it just about one year later to Ms. Palin for… $1,750,000. A profit of 118%. Surely, this transaction should set off dozens of "suspicious" red flags at JP Morgan.
Ironically, Palin, who in this case is completely innocent of any wrongdoing, may have tripped the alarm switch on a trick that is being used by mortgage "investors" across the country (with who knows what sources of capital – arguably money from the likes of… JPM?), which are buying up wholesale REOs only to flip them to end buyers at up to 100% profits shortly thereafter.
To make sure I'm not misunderstood, let me put it in my own words: Palin is completely innocent of any wrongdoing. It's just an interesting take on the housing market.
The Dish 